01—Abstract
Summary
Summary of the 8-K filed September 4, 2024. Cited figures are marked; the original filing is the authoritative source.
Raymond James Financial, Inc. filed this Form 8-K on September 4, 2024 under Item 5.02, reporting the appointment of Ms. Katherine H.
Larson as the Company's Chief Accounting Officer. The appointment was made on August 30, 2024, and becomes effective October 1, 2024. The filing describes this as a leadership change in the finance function rather than a financial result, so it contains no reported revenue, earnings, or guidance.
Ms. Larson, 44, joined the Company in 2016 in the Financial Reporting group and became Controller in 2023. Her responsibilities have included financial reporting oversight for the private client group and capital markets business units, as well as SEC reporting and Accounting Policy functions. She is a member of several internal committees, including the Operating Committee, Disclosure Committee, and Accounting Policy Committee.
Before joining the Company, she was a Vice President in the Finance division at Goldman Sachs, and she began her career at Ernst & Young. She holds bachelor's and master's degrees in accounting from the University of Alabama and is a Certified Public Accountant.
The filing also discloses a related-person relationship: Ms. Larson's spouse, Nathan Larson, is employed by the Company as a Vice President in the Compliance Department. The filing states that he earned approximately $408,550a in base salary and bonus from October 1, 2022 through the date of the report, a 23-month period, and that his compensation was set under the Company's standard employment practices.
02—Key points
Key Highlights
- Katherine H. Larson, 44, appointed Chief Accounting Officer, effective October 1, 2024; appointment made August 30, 2024
- Ms. Larson has been with the Company since 2016 and became Controller in 2023
- Prior experience includes Vice President in the Finance division at Goldman Sachs and an early career at Ernst & Young
- She holds bachelor's and master's degrees in accounting from the University of Alabama and is a Certified Public Accountant
- She sits on the Operating, Disclosure, Accounting Policy, Proprietary Capital, and Raymond James & Associates Asset-Liability Committees
- Her spouse, Nathan Larson, is a Vice President in the Compliance Department and earned approximately $408,550 in base salary and bonus from October 1, 2022 through the report date (23 months)
- No arrangements or family relationships with directors or executive officers are reported beyond the spousal employment disclosed
03—Questions
Frequently Asked Questions
Who was appointed Chief Accounting Officer at Raymond James Financial?
The Company appointed Ms. Katherine H. Larson, age 44, as Chief Accounting Officer, effective October 1, 2024. The appointment was made on August 30, 2024.
What is Ms. Larson's background?
She joined the Company in 2016 in the Financial Reporting group, where she held roles of increasing responsibility and became Controller in 2023. Before joining, she was a Vice President in the Finance division at Goldman Sachs and began her career at Ernst & Young. She is a Certified Public Accountant with bachelor's and master's degrees in accounting from the University of Alabama.
Does the appointment involve any related-party employment?
Yes. The filing states that Ms. Larson's spouse, Nathan Larson, is employed by the Company as a Vice President in the Compliance Department. He earned approximately $408,550 in base salary and bonus from October 1, 2022 through the date of the report, and the filing says his compensation was set under the Company's standard employment practices.
Does this filing report any financial results or guidance?
No. The filing is limited to the Item 5.02 disclosure about the officer appointment and does not report revenue, earnings, or guidance.
04—Continue