---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-007083"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2026-01-08T23:59:59+00:00"
generated_at: "2026-05-16T11:11:31.752490+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Somesh Khanna elected to LPL Financial board as independent director

## Summary
- Khanna, effective Jan 5, 2026, is a senior advisor at McKinsey and executive co-chair of Apexon.
- Brings 30+ years in consulting/financial services, expertise in digital strategy, AI, and transformation.
- Also serves on boards of KeyCorp and Persado; holds a Kellogg MBA and Indian Institute of Technology degrees.
- Receives pro-rated director compensation under company policy; cash and restricted shares vest May 13, 2026.

## SEC filing metadata
- accession: 0001193125-26-007083
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2026-01-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312526007083/0001193125-26-007083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312526007083/d82717d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-007083
- JSON: https://secwatch.observer/filing/0001193125-26-007083.json
- Plain text: https://secwatch.observer/filing/0001193125-26-007083.txt

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