---
schema_version: "secwatch.filing_event.v1"
accession: "0001397911-22-000018"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:23:06.964661+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# LPL Financial adopts proxy access bylaw for 3% holders

## Summary
- New Section 1.12 allows stockholder or group of up to 20 stockholders owning at least 3% of common stock continuously for 3 years to nominate directors.
- Nominees can constitute up to the greater of two directors or 20% of the Board.
- Proxy access becomes effective after the 2022 annual meeting of stockholders.
- Board also adopted clarifying and conforming changes to other sections of the bylaws.
- Amendment follows a routine review of corporate governance policies.

## SEC filing metadata
- accession: 0001397911-22-000018
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000139791122000018/0001397911-22-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000139791122000018/lpla-20220216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397911-22-000018
- JSON: https://secwatch.observer/filing/0001397911-22-000018.json
- Plain text: https://secwatch.observer/filing/0001397911-22-000018.txt

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