secwatch.observer — SEC 8-K summary
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Issuer:     MORGAN STANLEY (MS)
CIK:        0000895421
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000950103-23-015457
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morgan Stanley names Ted Pick CEO effective Jan 1, 2024; Gorman becomes Executive Chairman
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/dp201919_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-015457

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