Business Context and Reporting Period
This Form 8-K filing by Freedom Holding Corp. (FRHC) covers events occurring on June 25, 2026, with the report dated June 29, 2026. The filing primarily addresses executive leadership changes within the company's finance department.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figures disclosed relate to the compensatory arrangements for the newly appointed Chief Financial Officer:
- Annual Base Salary: $1,132,692
- Annual Cash Bonus: $1,000,000 (subject to performance terms)
- Annual Stock Award: 15,000 shares with an estimated grant value of $2,155,500
Material Changes
The material change reported is the transition of the Chief Financial Officer role:
- Resignation: Evgeny Ler resigned as CFO effective June 25, 2026. He will transition to a special advisor role focusing on financing and M&A activities.
- Appointment: Valeriy Kim was appointed as CFO effective June 25, 2026. Mr. Kim previously served as Vice President of Finance and CEO of Freedom Holding Operations LLP since 2024, and as CFO of Freedom Finance Global PLC from 2020 to 2024.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, outlook, or management commentary regarding future financial performance. No specific risks or contingencies are disclosed in this report other than the standard disclosure that there are no related party transactions requiring disclosure under Item 404(a) of Regulation S-K regarding the new CFO.
Investor Verification Checklist
- Verify the stock price used to calculate the $2,155,500 grant value for the 15,000 shares awarded to the new CFO.
- Review the press release (Exhibit 99.1) for additional context on the strategic rationale for the leadership change.
- Confirm the specific performance metrics tied to the $1,000,000 annual cash bonus in the company's existing compensation program.
- Monitor future filings for the appointment of an interim or permanent replacement for the special advisor role previously held by Mr. Ler.