SEI EVP Wayne Withrow to retire Feb 28, 2024; receives $3.8M severance

SEI INVESTMENTS CO

Wayne Withrow, EVP Head of Global Asset Management, retiring effective Feb 28, 2024.
Separation agreement provides $3.8M severance paid bi-weekly over 24 months.
Unvested equity awards cancelled on separation date; vested awards exercisable for 90 days.
SEI pays 80% of COBRA premiums for 12 months after separation.
No successor announced; Withrow to continue duties through separation date.

item 5.02 item 9.01

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Departed

Wayne Withrow

Executive Vice President, Head of Global Asset Management

SEIC · SEI INVESTMENTS CO

Effective: 2024-02-28
Filed: December 22, 2023, 6:59 PM ET

On December 19, 2023, SEI Investments Company (the “Company”) and Wayne Withrow, the Company’s Executive Vice President, Head of Global Asset Management of the Company, entered into a Confidential Separation and General Release of Claims Agreement (the “Separation Agreement”) in connection with Mr. Withrow’s retirement, which will become effective on February 28, 2024 (the “Separation Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Wayne Withrow retired as Executive Vice President, Head of Global Asset Management at SEI INVESTMENTS CO.

Action: retired
Role: Executive Vice President, Head of Global Asset Management

Exact text from the filing

On December 19, 2023, SEI Investments Company (the “Company”) and Wayne Withrow, the Company’s Executive Vice President, Head of Global Asset Management of the Company, entered into a Confidential Separation and General Release of Claims Agreement (the “Separation Agreement”) in connection with Mr. Withrow’s retirement, which will become effective on February 28, 2024 (the “Separation Date”).

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SEI INVESTMENTS CO filing history →

Source: SEC EDGAR

accession 0000350894-23-000110

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