LPL Financial Holdings Inc. filed SEC Form 8-K: Leadership Update
$LPLA
Investment Bankers/Brokers/Service
Finance
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): February 28, 2025
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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. | |||||||
(c) Appointment of Katharine Reeping as Company’s Chief Accounting Officer
On February 28, 2025, the board of directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) appointed Katharine Reeping, age 48, as the Company’s Chief Accounting Officer. Effective as of the appointment, Ms. Reeping will serve as the Company’s principal accounting officer, reporting to Matthew Audette, the Company’s President and Chief Financial Officer and principal financial officer. Mr. Audette previously served as the principal accounting officer.
Ms. Reeping has over two decades of experience in finance and controls functions, including accounting, financial reporting, financial planning and analysis, and risk management. She has served as the Senior Vice President, Corporate Controller at the Company since August 2022. Before joining the Company, Ms. Reeping served at PNC as Senior Vice President of Financial Reporting & Analysis from May 2018 to June 2022 and Vice President of Financial Reporting from May 2014 to May 2018. Prior to that, she spent 10 years at E*TRADE Financial holding various leadership roles over areas such as accounting, financial reporting and accounting policy and started her career at Deloitte. Ms. Reeping earned a bachelor’s degree in Accounting from Penn State University. She is a certified public accountant and holds a Series 99 designation.
(e) Compensatory Arrangements for Ms. Reeping
Effective on March 3, 2025, the Company approved compensatory arrangements for Ms. Reeping in connection with her appointment as Chief Accounting Officer. The arrangements provide for total target annual compensation of $874,000, consisting of an annual base salary of $380,000; a target annual cash bonus opportunity of $228,000; and a target annual long-term incentive compensation award opportunity with a grant date value of $266,000.
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/ Althea Brown | |||||||
| Name: Althea Brown | ||||||||
| Secretary | ||||||||
Dated: March 6, 2025