LPL Financial names Rich Steinmeier permanent CEO, Matt Audette President & CFO

LPL Financial Holdings Inc.

Steinmeier, previously interim CEO since Oct 1, appointed CEO and elected to board effective Oct 17, 2024.
Audette, CFO since 2015, expands role to President while maintaining CFO duties.
Steinmeier's total target annual compensation: $12M ($900k base, $2.7M cash bonus, $8.4M LTI).
Audette's total target annual compensation: $8M ($750k base, $1.875M cash bonus, $5.375M LTI).
Steinmeier fills board vacancy from Dan Arnold's resignation; no other arrangements or understandings.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Matthew Audette

President and Chief Financial Officer

LPLA · LPL Financial Holdings Inc.

Effective: 2024-10-17
Filed: October 21, 2024, 7:59 PM ET

appointed Matthew Audette, 50, as the Company’s President and Chief Financial Officer

Appointed

Rich Steinmeier

Director

LPLA · LPL Financial Holdings Inc.

Effective: 2024-10-17
Filed: October 21, 2024, 7:59 PM ET

the Board also elected Mr. Steinmeier as a member of the Board, effective immediately.

Appointed

Rich Steinmeier

Chief Executive Officer

LPLA · LPL Financial Holdings Inc.

Effective: 2024-10-17
Filed: October 21, 2024, 7:59 PM ET

On October 17, 2024, the Board of Directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) appointed Rich Steinmeier, 50, as the Company’s Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Audette was appointed as President and Chief Financial Officer at LPL Financial Holdings Inc..

Action: appointed
Role: President and Chief Financial Officer

Exact text from the filing

appointed Matthew Audette, 50, as the Company’s President and Chief Financial Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rich Steinmeier was elected as Director at LPL Financial Holdings Inc..

Action: elected
Role: Director

Exact text from the filing

the Board also elected Mr. Steinmeier as a member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rich Steinmeier was appointed as Chief Executive Officer at LPL Financial Holdings Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On October 17, 2024, the Board of Directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) appointed Rich Steinmeier, 50, as the Company’s Chief Executive Officer

View on SEC.gov

LPL Financial Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-240432

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