8-K
filed October 27, 2023, 7:59 PM ET
ticker MS
CIK 0000895421
leadership
confidence high
sentiment neutral
materiality 0.75
Morgan Stanley names Ted Pick CEO effective Jan 1, 2024; Gorman becomes Executive Chairman
MORGAN STANLEY
- Ted Pick named Morgan Stanley CEO effective Jan 1, 2024; James Gorman becomes Executive Chairman.
- Andy Saperstein becomes Head of Wealth and Investment Management; Dan Simkowitz becomes Co-President and Head of Institutional Securities.
- Board grants one-time equity awards of $20M each to Pick, Saperstein, Simkowitz (60% PSUs, 40% RSUs, vesting in 2027).
- Pick also elected to Board effective Jan 1, 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dan Simkowitz was appointed as Co-President and Head of Institutional Securities at MORGAN STANLEY.
- Action
- appointed
- Role
- Co-President and Head of Institutional Securities
Exact text from the filing
Dan Simkowitz will become Co-President of the Company and the Head of Institutional Securities, effective January 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James P. Gorman was appointed as Executive Chairman at MORGAN STANLEY.
- Action
- appointed
- Role
- Executive Chairman
Exact text from the filing
At such time, Chairman and Chief Executive Officer James P. Gorman will serve as Executive Chairman and will no longer serve in the capacity of Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward (Ted) Pick was appointed as Chief Executive Officer at MORGAN STANLEY.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On October 25, 2023, the Board of Directors (the “Board”) of Morgan Stanley (the “Company”) announced that Edward (Ted) Pick will become the Company’s Chief Executive Officer, effective January 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward (Ted) Pick was elected as Director at MORGAN STANLEY.
- Action
- elected
- Role
- Director
Exact text from the filing
the Board increased the number of directors on the Board from 14 to 15, effective January 1, 2024, and elected Mr. Pick to the Board, also effective January 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andy Saperstein was appointed as Head of Wealth and Investment Management at MORGAN STANLEY.
- Action
- appointed
- Role
- Head of Wealth and Investment Management
Exact text from the filing
The Board also announced that Co-President Andy Saperstein will also become the Head of Wealth and Investment Management
View on SEC.gov
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