secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0000350894-22-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Q1 EPS $1.36 includes $0.47 one-time fee; board adds Brassington
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- Diluted EPS $1.36 vs $0.89 Q1 2021; includes $0.47 one-time gain from $88M termination fee.
- Revenue $581.4M (+28% YoY); Private Banks segment revenue doubled to $213.5M on the fee.
- Excluding the one-time fee, diluted EPS would be $0.89, flat YoY, as operating expenses rose 14%.
- Board elected Jonathan Brassington; performance-vested option for 10,000 shares at $59.12.
- Repurchased 1.7M shares for $100.1M ($58.43 avg.) in Q1 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089422000017/0000350894-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089422000017/seic-20220419.htm
  HTML page:      https://secwatch.observer/filing/0000350894-22-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer