LPL Financial Holdings Inc 8-K, filed May 12, 2023
LPL Financial Holdings Inc. (LPLA)
8-K
2023-05-12
For: 2023-05-11
View Original
Added on
April 08, 2026
About this 8-K
LPL Financial Holdings Inc filed this 8-K on May 12, 2023, reporting on events of May 11, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 5.07: Shareholder vote results
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 11, 2023
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |||||||
On May 11, 2023, the board of directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) appointed Matthew Audette as the Company’s principal accounting officer. Mr. Audette currently serves as the Company’s Chief Financial Officer and Head of Business Operations. Brent Simonich, the Company’s previous principal accounting officer, was appointed on May 11, 2023 to serve as the Company’s Chief Risk Officer.
Biographical information for Mr. Audette is incorporated herein by reference to the biographical information contained in the Company’s 2022 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 23, 2023. No new compensatory arrangements will be entered into with Mr. Audette in connection with his appointment as the Company’s principal accounting officer.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. | |||||||
The Company held its 2023 annual meeting of stockholders (the “Annual Meeting”) on May 11, 2023. The stockholders of the Company considered and acted upon the following proposals at the Annual Meeting:
1. Election of Directors. By the vote reported below, the stockholders elected the following ten nominees to serve as directors of the Company for a term to end at the 2024 annual meeting of stockholders:
| Nominee | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||
| Dan H. Arnold | 67,645,543 | 632,874 | 27,137 | 4,008,116 | ||||||||||
| Edward C. Bernard | 67,892,934 | 382,754 | 29,866 | 4,008,116 | ||||||||||
| H. Paulett Eberhart | 65,482,235 | 2,793,713 | 29,606 | 4,008,116 | ||||||||||
| William F. Glavin, Jr. | 67,042,673 | 1,233,077 | 29,804 | 4,008,116 | ||||||||||
| Albert J. Ko | 68,133,828 | 98,655 | 73,071 | 4,008,116 | ||||||||||
| Allison H. Mnookin | 66,780,820 | 1,497,396 | 27,338 | 4,008,116 | ||||||||||
| Anne M. Mulcahy | 66,816,303 | 1,462,021 | 27,230 | 4,008,116 | ||||||||||
| James S. Putnam | 65,094,517 | 3,185,199 | 25,838 | 4,008,116 | ||||||||||
| Richard P. Schifter | 65,235,528 | 3,040,110 | 29,916 | 4,008,116 | ||||||||||
| Corey E. Thomas | 66,942,338 | 1,331,482 | 31,734 | 4,008,116 | ||||||||||
2. Ratification of the Appointment of Deloitte & Touche LLP. The stockholders ratified the appointment of Deloitte & Touche LLP by the audit and risk committee of the Board as the Company’s independent registered public accounting firm for the current fiscal year. 68,932,683 shares voted for the proposal; 3,358,209 shares voted against the proposal; and 22,778 shares abstained from voting on the proposal. There were no broker non-votes on the proposal.
3. Advisory Vote on Named Executive Officer Compensation. The stockholders approved, on an advisory, non-binding basis, the compensation paid to the named executive officers of the Company, as disclosed in the Company’s definitive proxy statement on Schedule 14A filed with the SEC on March 30, 2023 relating to the Annual Meeting. 66,292,741 shares voted for the proposal; 1,949,741 shares voted against the proposal; and 63,072 shares abstained from voting on the proposal. There were 4,008,116 broker non-votes on the proposal.
4. Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation. By the vote reported below, the stockholders approved, on an advisory, non-binding basis, that the frequency of future advisory votes on the compensation paid to the named executive officers of the Company be every year.
| 1 Year | 2 Years | 3 Years | Abstentions | Broker Non-Votes | ||||||||||
| 67,504,645 | 55,287 | 718,682 | 26,940 | 4,008,116 | ||||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LPL FINANCIAL HOLDINGS INC. | ||||||||
| By: | /s/ Gregory M. Woods | |||||||
| Name: Gregory M. Woods | ||||||||
| Title: Secretary | ||||||||
Dated: May 12, 2023