StoneX Group Inc. Announces Executive Changes and Filings
Ticker: SNEX · Form: 8-K · Filed: Mar 4, 2024 · CIK: 913760
| Field | Detail |
|---|---|
| Company | Stonex Group Inc. (SNEX) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, compensation, filing, corporate-governance
TL;DR
StoneX exec shuffle & compensation news dropped, plus shareholder votes and financials.
AI Summary
StoneX Group Inc. announced on February 27, 2024, several key executive changes and compensatory arrangements. The company also disclosed matters submitted to a vote of security holders and provided a Regulation FD disclosure. Financial statements and exhibits were filed as part of this report.
Why It Matters
Changes in executive roles and compensatory arrangements can signal shifts in company strategy and leadership, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive changes and compensatory arrangements can introduce uncertainty regarding future leadership and strategic direction.
Key Players & Entities
- StoneX Group Inc. (company) — Registrant
- February 27, 2024 (date) — Date of earliest event reported
- 230 Park Ave, 10th Floor, New York, NY 10169 (address) — Business and Mail Address
FAQ
What specific executive positions were affected by the changes reported on February 27, 2024?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the exact positions in the provided text.
Were there any shareholder votes or proposals discussed in this 8-K filing?
Yes, the filing explicitly mentions 'Submission of Matters to a Vote of Security Holders'.
What is the primary business of StoneX Group Inc. according to the filing?
StoneX Group Inc. is in the 'SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES' industry, with SIC code 6200.
What is the SEC file number for StoneX Group Inc.'s 8-K filing?
The SEC file number is 001-36045.
When was StoneX Group Inc. previously known as INTL FCSTONE INC.?
The company's name change from INTL FCSTONE INC. to StoneX Group Inc. occurred on March 2, 2011.
Filing Stats: 691 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-03-01 17:54:08
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value SNEX The Nasdaq Stock Market
Filing Documents
- intl-20240227.htm (8-K) — 43KB
- 0000913760-24-000058.txt ( ) — 171KB
- intl-20240227.xsd (EX-101.SCH) — 2KB
- intl-20240227_lab.xml (EX-101.LAB) — 25KB
- intl-20240227_pre.xml (EX-101.PRE) — 13KB
- intl-20240227_htm.xml (XML) — 3KB
02. Departure of Director
Item 5.02. Departure of Director. Scott J. Branch retired from the Company's Board of Directors with effect from February 27, 2024.
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The Annual Meeting of the Shareholders of StoneX Group Inc. was held on February 27, 2024. The final voting results for each matter submitted to a vote of the Shareholders are as follows: Item 1 . With respect to the election of eight directors to hold office for a term expiring at the 2025 annual meeting or until their respective earlier death, resignation or removal, votes were validly cast as follows for the following persons as directors of the Company: Nominees Number of Votes For Number of Votes Withheld Broker Non-Votes Annabelle G. Bexiga 25,225,878 374,104 2,624,045 Diane L. Cooper 25,221,327 378,655 2,624,045 John M. Fowler 24,681,682 918,300 2,624,045 Steven Kass 24,940,405 659,577 2,624,045 Sean M. O'Connor 25,082,678 517,304 2,624,045 Eric Parthemore 22,136,589 3,463,393 2,624,045 John Radziwill 24,818,015 781,967 2,624,045 Dhamu R. Thamodaran 25,225,859 374,123 2,624,045 Item 2 . KPMG LLP was ratified as the Company's independent registered public accounting firm for the 2024 fiscal year with the following vote: FOR 27,063,543 AGAINST 1,107,676 ABSTAIN 52,808 BROKER NON-VOTES — Item 3 . A Company proposal, required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, requesting that shareholders approve a non-binding resolution to approve the compensation awarded by the Company to the Company's Named Executive Officers ("say-on-pay") as described in the Compensation Discussion & Analysis, tabular disclosures, and other narrative executive compensation disclosures in the January 18, 2024 Proxy Statement as required by the rules of the Securities and Exchange Commission, passed with the following vote: FOR 25,159,394 AGAINST 431,019 ABSTAIN 9,569 BROKER NON-VOTES 2,624,045
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. During the regular meeting of the Board of Directors held February 27, 2024, following the Annual Meeting of the Shareholders of StoneX Group Inc., John Radziwill was elected as Chairman of the Board of Directors.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Signature Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized. StoneX Group Inc. (Registrant) February 29, 2024 /s/ David A. Bolte (Date) David A. Bolte Corporate Secretary