Business Context and Reporting Period
This Form 8-K was filed by LPL Financial Holdings Inc. (formerly LPL Investment Holdings Inc.) on June 15, 2012. The report details a corporate name change and related administrative updates effective as of June 15, 2012.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance changes and does not contain financial performance data.
Material Changes
- Name Change: Effective June 15, 2012, the company changed its name from LPL Investment Holdings Inc. to LPL Financial Holdings Inc.
- Legal Mechanism: The change was effected under Section 253 of the Delaware General Corporation Law via a merger with a wholly-owned subsidiary, requiring no stockholder approval.
- Bylaws Amendment: The Board of Directors approved an amendment and restatement of the Bylaws to reflect the new name.
- Trading Updates: Effective June 20, 2012, common stock will trade under a new CUSIP number (50212V 100). The trading symbol (LPLA) remains unchanged.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the announcement of the name change and the filing of associated exhibits.
Key Facts for Investor Verification
- Verify the new CUSIP number (50212V 100) for trades occurring on or after June 20, 2012.
- Confirm that the trading symbol remains LPLA despite the name change.
- Note that the name change was executed via a short-form merger without a shareholder vote.