UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): December 13, 2025
(Exact name of registrant as specified in its charter)
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Item 8.01 Other Events.
As previously disclosed, Franklin Resources, Inc. (the “Company”) launched an internal investigation into certain past trade allocations involving treasury derivatives in select accounts managed by Western Asset Management Company, LLC, a wholly-owned subsidiary of the Company (“Western Asset”). In connection therewith, Western Asset received notification of an investigation by the U.S. Department of Justice (the “DOJ”). On December 13, 2025, the Company was informed by the DOJ that it is prepared to resolve the investigation through a disposition that does not require the filing of any criminal charges against Western Asset in connection with the conduct charged in the case of United States v. Leech. The DOJ also informed the Company that as it continues the ongoing resolution discussions, which, as the DOJ noted require additional time to complete due to circumstances not attributable to Western Asset, it appreciates Western Asset's commitment to full cooperation with the investigation.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FRANKLIN RESOURCES, INC. | ||||||||
| Date: | December 15, 2025 | /s/ Thomas C. Merchant | ||||||
| Thomas C. Merchant | ||||||||
| Executive Vice President and General Counsel | ||||||||
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