StoneX Group Inc. Elects New Directors, Appoints CFO

TL;DR

StoneX (SNEX) adds 2 directors and inks new CFO deal.

AI Summary

StoneX Group Inc. announced on April 2, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. Sarah J. D. Michaels and Mr. David L. R. M. Smith, to its Board of Directors, effective April 2, 2024. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Mr. William J. Dunavant, effective April 2, 2024.

Why It Matters

The election of new directors and changes in executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive appointments, which typically carry low inherent risk.

Key Players & Entities

• StoneX Group Inc. (company) — Registrant
• Sarah J. D. Michaels (person) — Newly Elected Director
• David L. R. M. Smith (person) — Newly Elected Director
• William J. Dunavant (person) — Chief Financial Officer
• April 2, 2024 (date) — Effective date of director elections and CFO agreement

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value SNEX The Nasdaq Stock Market

Filing Documents

• intl-20240402.htm (8-K) — 29KB
• 0000913760-24-000078.txt ( ) — 154KB
• intl-20240402.xsd (EX-101.SCH) — 2KB
• intl-20240402_lab.xml (EX-101.LAB) — 22KB
• intl-20240402_pre.xml (EX-101.PRE) — 13KB
• intl-20240402_htm.xml (XML) — 3KB

02. Departure of Certain Officers; Appointment of Certain Officers

Item 5.02. Departure of Certain Officers; Appointment of Certain Officers. On April 2, 2024, StoneX Group Inc. (the "Company") and Mr. Xuong T. Nguyen, Chief Operating Officer, agreed that Mr. Nguyen would depart the Company on July 1, 2024. Effective July 1, 2024, Stuart Davison will become the Chief Operating Officer of the Company. Mr. Davison, age 38, is the current Deputy Chief Operating Officer of the Company and has been with the Company since 2012. Mr. Davison has previously held senior positions in the Company in Market Risk, Operational Risk, and Liquidity Risk, and has previously been the EMEA Head of Treasury and Operations, and Chief Operating Officer, EMEA. Mr. Davison is not a party to any arrangement or understanding regarding his selection as an officer. Mr. Davison has not entered into any related party transactions (as defined in Item 404(a) of Regulation S-K) with the Company during the current fiscal year and has no familial relationship with directors or executive officers of the Company. Mr. Davison's compensation and benefits in connection with his new role are subject to approval by the Compensation Committee of the Company's Board of Directors. As of the date of this Current Report on Form 8-K, such compensation and benefits terms have not yet been determined. If the Compensation Committee approves any material plan, contract or arrangement, or any material amendment to an existing plan, contract or arrangement, for Mr. Davison in connection with his appointment, the Company will file with the SEC an amendment to this Current Report on Form 8-K describing any such plans, contracts, arrangements and amendments within four business days after the information is determined or becomes available.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 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) April 8, 2024 /s/ David A. Bolte (Date) David A. Bolte Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR