01—Abstract
Summary
Summary of the 8-K filed May 10, 2024. Cited figures are marked; the original filing is the authoritative source.
LPL Financial Holdings Inc. filed this Form 8-K to report the results of its 2024 annual meeting of stockholders, held May 9, 2024.
Stockholders elected all ten director nominees, each to serve until the 2025 annual meeting. The filing reports vote counts for each nominee; for example, Dan H. Arnold received 66,582,976 votes for and 309,869 against, while Richard P.
Schifter received the most votes against among nominees at 4,031,402. Stockholders also ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the current fiscal year, with 68,433,699 shares voting for, 2,157,403 against, and 14,204 abstaining.
In a non-binding advisory vote, stockholders approved the compensation of the named executive officers as disclosed in the proxy statement filed on Schedule 14A on March 28, 2024, with 64,656,343 shares for, 2,225,660 against, and 27,830 abstaining, plus 3,695,473 broker non-votes. The filing is a voting-results report under Item 5.07 and does not disclose new financial results, transactions, or strategic changes.
02—Key points
Key Highlights
- Annual meeting of stockholders held May 9, 2024
- All ten director nominees elected to serve until the 2025 annual meeting
- Deloitte & Touche LLP ratified as independent registered public accounting firm for the current fiscal year, with 68,433,699 votes for
- Advisory say-on-pay vote on named executive officer compensation approved with 64,656,343 votes for and 2,225,660 against
- Richard P. Schifter received the most votes against among nominees at 4,031,402
- 3,695,473 broker non-votes recorded on the advisory compensation proposal and on each director election
03—Questions
Frequently Asked Questions
When and where was the 2024 annual meeting held?
The filing states that the 2024 annual meeting of stockholders was held on May 9, 2024. It does not state the location.
Who was elected to the board of directors?
Ten nominees were elected to serve as directors until the 2025 annual meeting: Dan H. Arnold, Edward C. Bernard, H. Paulett Eberhart, William F. Glavin, Jr., Albert J. Ko, Allison H. Mnookin, Anne M. Mulcahy, James S. Putnam, Richard P. Schifter, and Corey E. Thomas.
Which auditor did stockholders ratify?
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.
Did stockholders approve executive pay?
Yes. In an advisory, non-binding vote, stockholders approved the compensation of the named executive officers as disclosed in the proxy statement filed March 28, 2024, with 64,656,343 votes for and 2,225,660 against.
04—Continue