Business Context and Reporting Period
This Form 8-K Current Report was filed by Raymond James Financial, Inc. on August 30, 2024. The report discloses a corporate governance event regarding the appointment of a senior executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This document is a current report focused on personnel changes rather than financial performance.
Material Changes
The primary material change disclosed is the appointment of Katherine H. Larson as the Company's Chief Accounting Officer, effective October 1, 2024. Ms. Larson, 44, has been with the Company since 2016 and previously served as Controller starting in 2023. She holds a CPA designation and previously worked at Goldman Sachs and Ernst & Young.
Management Commentary and Related Disclosures
- Compensatory Arrangements: The filing states there are no special arrangements or understandings regarding Ms. Larson's selection.
- Related Party Transaction: 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 total compensation (base salary and bonus) for the 23-month period from October 1, 2022, through the date of the report. The filing notes this compensation was determined in accordance with standard Company employment practices.
- Committee Memberships: Ms. Larson serves on the Operating Committee, Disclosure Committee, Accounting Policy Committee, Proprietary Capital Committee, and the Asset-Liability Committee.
Investor Verification Checklist
- Confirm the effective date of the Chief Accounting Officer appointment (October 1, 2024).
- Review the Company's standard compensation policies to verify the related-party compensation disclosure for Mr. Nathan Larson.
- Monitor future filings for any changes in the Company's accounting policies or financial reporting oversight under the new Chief Accounting Officer.