secwatch.observer — SEC 8-K summary
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Issuer:     LPL Financial Holdings Inc. (LPLA)
CIK:        0001397911
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001193125-24-240432
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/0001193125-24-240432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397911/000119312524240432/d884290d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-240432

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