Business Context and Reporting Period
Company: Raymond James Financial, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 21, 2024
Reporting Period: This filing reports specific corporate governance and dividend events occurring on August 21, 2024, and a press release issued on August 22, 2024.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.45 per share (Quarterly).
- Preferred Stock Dividend (Series B): $0.3984375 per depositary share (Quarterly).
Material Changes
By-laws Amendment: The Board of Directors approved an amendment to the Company's By-laws to delete the defined term "Acting in Concert." Consequently, definitions for "Proposing Person," "Nominating Person," "Requesting Person," and "Soliciting Person" were revised to remove references to this term.
Guidance, Outlook, and Management Commentary
Dividend Declaration:
- Common Stock: Payable on October 15, 2024, to shareholders of record on October 1, 2024.
- Preferred Stock (RJF PrB): Payable on October 1, 2024, to shareholders of record on September 13, 2024.
Investor Verification Checklist
- Verify the exact record dates and payment dates for the declared dividends.
- Review the full text of the Amended and Restated By-laws (Exhibit 3.1) to understand the full scope of the "Acting in Concert" definition removal.
- Confirm the impact of the By-laws amendment on shareholder nomination and solicitation procedures.