---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-005816"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2022-01-10T23:59:59+00:00"
generated_at: "2026-06-27T19:46:08.876892+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Jefferies appoints Thomas W. Jones to board; Frank Borges steps down as director

## Summary
- Frank Borges will not stand for re-election and will leave the board effective March 28, 2022.
- Thomas W. Jones elected to board effective March 28, 2022; he is founder of TWJ Capital and former CEO of Citigroup Global Investment Management.
- Linda Adamany named Lead Independent Director effective March 28, 2022.
- Borges stepped down due to increased responsibilities as Co-Head of Secondaries at Ares after Ares acquired Landmark Partners.

## SEC filing metadata
- accession: 0001193125-22-005816
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2022-01-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000119312522005816/0001193125-22-005816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000119312522005816/d274408d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-005816
- JSON: https://secwatch.observer/filing/0001193125-22-005816.json
- Plain text: https://secwatch.observer/filing/0001193125-22-005816.txt

## Key facts
- Executive change
  Frank Borges departed as Director at Jefferies Financial Group Inc..
  - Action: not stand for re-election
  - Role: Director
  source text: Mr. Borges has informed the Board of Directors (the “Board”) of Jefferies Financial Group Inc. (the “Company”) of his decision not to stand for re-election on the Jefferies Board and will cease his service effective March 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000119312522005816/0001193125-22-005816-index.htm
- Executive change
  Thomas W. Jones was elected as Director at Jefferies Financial Group Inc..
  - Action: elected
  - Role: Director
  source text: On January 10, 2022, the Board of the Company elected Thomas W. Jones to the Board effective March 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000119312522005816/0001193125-22-005816-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.