{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-230215","form_type":"8-K","ticker":"LPLA","cik":"0001397911","company_name":"LPL Financial Holdings Inc.","filed_at":"2024-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.340701+00:00","generated_at":"2026-05-30T23:11:39.383194+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"LPL Financial CEO Dan Arnold terminated for cause; Rich Steinmeier named interim CEO","bullets":["Board terminated Dan Arnold for cause effective Oct 1 after outside counsel investigation found code-of-conduct violations regarding statements to employees.","Arnold receives no severance; his equity awards are forfeited except some vested options deferred pending a settlement agreement.","Arnold resigned from the board; Rich Steinmeier, Chief Growth Officer, appointed Interim CEO immediately.","Steinmeier previously held senior roles at UBS and Merrill Lynch; compensation unchanged from prior disclosure."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-230215","json":"https://secwatch.observer/filing/0001193125-24-230215.json","markdown":"https://secwatch.observer/filing/0001193125-24-230215.md","text":"https://secwatch.observer/filing/0001193125-24-230215.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1397911/000119312524230215/0001193125-24-230215-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1397911/000119312524230215/d844936d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T23:11:39.383194+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0acad60c14","claim":"Dan H. Arnold resigned as Director at LPL Financial Holdings Inc..","evidence_excerpt":"Additionally, on October 1, 2024, the Board accepted Mr. Arnold’s resignation from the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1397911/000119312524230215/0001193125-24-230215-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3a33a13ed7","claim":"Dan H. Arnold was terminated as President and Chief Executive Officer at LPL Financial Holdings Inc..","evidence_excerpt":"On October 1, 2024, the Board of Directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) terminated Dan H. Arnold, President and Chief Executive Officer of the Company, in the course of an investigation conducted by outside counsel that determined that Mr. Arnold made statements to employees that violated the Company’s Code of Conduct.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1397911/000119312524230215/0001193125-24-230215-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"69ef549024","claim":"Rich Steinmeier was appointed as Interim Chief Executive Officer at LPL Financial Holdings Inc..","evidence_excerpt":"The Company also announced that Rich Steinmeier, currently the Managing Director, Chief Growth Officer of LPL Financial LLC, a subsidiary of the Company (“LPL Financial”), has been appointed as the Company’s Interim Chief Executive Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1397911/000119312524230215/0001193125-24-230215-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}