secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0000350894-23-000110
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000110/0000350894-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000110/seic-20231219.htm
  HTML page:      https://secwatch.observer/filing/0000350894-23-000110

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