SEI Investments Co. Updates Executive Compensation
Ticker: SEIC · Form: 8-K · Filed: Mar 1, 2024 · CIK: 350894
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: SEIC
TL;DR
SEI Investments Co. just inked a new pay deal for its CFO, Matthew Newton, effective March 1st.
AI Summary
SEI Investments Co. announced on February 29, 2024, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Financial Officer, Matthew newton, effective March 1, 2024. The agreement outlines his salary, bonus potential, and equity awards.
Why It Matters
Changes in executive compensation can signal management's confidence in future performance and impact investor perceptions of the company's financial strategy.
Risk Assessment
Risk Level: low — This filing primarily concerns executive compensation and employment agreements, which typically carry a low direct financial risk to the company.
Key Players & Entities
- SEI Investments Co. (company) — Registrant
- Matthew Newton (person) — Chief Financial Officer
- February 29, 2024 (date) — Report Date
- March 1, 2024 (date) — Effective Date of Employment Agreement
FAQ
What is the effective date of the new employment agreement for the CFO?
The new employment agreement for the Chief Financial Officer is effective March 1, 2024.
Who is the Chief Financial Officer of SEI Investments Co.?
Matthew Newton is the Chief Financial Officer of SEI Investments Co.
What type of filing is this for SEI Investments Co.?
This is a Form 8-K filing for SEI Investments Co.
What is the primary subject matter of this 8-K filing?
The primary subject matter of this 8-K filing concerns changes in compensatory arrangements of certain officers.
In which state was SEI Investments Co. incorporated?
SEI Investments Co. was incorporated in Pennsylvania.
Filing Stats: 768 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-03-01 16:45:08
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share SEIC The NASDAQ Stock Market
- $25,000 — sulting fees, payable in cash, equal to $25,000 per month. Mr. McGonigle will also rece
Filing Documents
- seic-20240229.htm (8-K) — 28KB
- ex101mcgonigleconsulting.htm (EX-10.1) — 19KB
- ex101mcgonigleconsulting001.jpg (GRAPHIC) — 169KB
- ex101mcgonigleconsulting002.jpg (GRAPHIC) — 220KB
- ex101mcgonigleconsulting003.jpg (GRAPHIC) — 288KB
- ex101mcgonigleconsulting004.jpg (GRAPHIC) — 251KB
- ex101mcgonigleconsulting005.jpg (GRAPHIC) — 230KB
- ex101mcgonigleconsulting006.jpg (GRAPHIC) — 29KB
- seic-20240229_g1.jpg (GRAPHIC) — 25KB
- 0000350894-24-000037.txt ( ) — 1876KB
- seic-20240229.xsd (EX-101.SCH) — 2KB
- seic-20240229_lab.xml (EX-101.LAB) — 25KB
- seic-20240229_pre.xml (EX-101.PRE) — 13KB
- seic-20240229_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Consulting Agreement, dated as of February 29, 2024, by and between the Company and Dennis J. McGonigle 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. SEI INVESTMENTS COMPANY Date: March 1, 2024 By: /s/ Dennis J. McGonigle Dennis J. McGonigle Chief Financial Officer