---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-240432"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:18:51.425811+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-240432
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/0001193125-24-240432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/d884290d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-240432
- JSON: https://secwatch.observer/filing/0001193125-24-240432.json
- Plain text: https://secwatch.observer/filing/0001193125-24-240432.txt

## Key facts
- Executive change
  Matthew Audette was appointed as President and Chief Financial Officer at LPL Financial Holdings Inc..
  - Action: appointed
  - Role: President and Chief Financial Officer
  source text: appointed Matthew Audette, 50, as the Company’s President and Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/0001193125-24-240432-index.htm
- Executive change
  Rich Steinmeier was elected as Director at LPL Financial Holdings Inc..
  - Action: elected
  - Role: Director
  source text: the Board also elected Mr. Steinmeier as a member of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/0001193125-24-240432-index.htm
- Executive change
  Rich Steinmeier was appointed as Chief Executive Officer at LPL Financial Holdings Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/0001193125-24-240432-index.htm

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