secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0000350894-24-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Investments names Sean Denham as CFO, succeeding Dennis McGonigle upon his retirement
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- Sean Denham (51) to join SEI on March 18, 2024; appointment effective after McGonigle's resignation following Q1 2024 10-Q filing.
- Base salary of $750K and target annual bonus of $1.7M (guaranteed for 2024, prorated).
- Sign-on equity: 45,000 RSUs vesting over 3 years and 22,500 options with adjusted EPS performance gates ($5.25 and $7.10).
- Denham was a Grant Thornton partner for ~20 years; experience in audit, advisory, and M&A.
- Severance includes 1x base + 1x target bonus paid over 12 months, full vest of RSUs, and option extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000009/0000350894-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000009/seic-20240116.htm
  HTML page:      https://secwatch.observer/filing/0000350894-24-000009

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