T. Rowe Price Announces Executive and Director Changes
Ticker: TROW · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1113169
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: TROW
TL;DR
T. Rowe Price (TROW) filed an 8-K on Oct 1st detailing exec/director changes - watch for new appointments and departures.
AI Summary
On October 1, 2024, T. Rowe Price Group, Inc. filed an 8-K report detailing changes in its executive officers and board of directors. The filing indicates the departure of certain directors and officers, alongside the election of new directors and the appointment of new officers. Specific details regarding compensatory arrangements for these officers were also included.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future strategy and operational execution.
Key Numbers
- 000-32191 — SEC File Number (Identifies the company's filings with the SEC.)
- 52-2264646 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- T. Rowe Price Group, Inc. (company) — Registrant
- October 1, 2024 (date) — Date of earliest event reported
- Maryland (location) — State of incorporation
- Baltimore, Maryland (location) — Principal executive offices address
FAQ
What specific roles have been affected by the changes reported on October 1, 2024?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers'.
Are the names of the departing directors or officers disclosed in this 8-K?
The provided text does not list the specific names of departing directors or officers, but it confirms that such changes are reported.
What is the primary business of T. Rowe Price Group, Inc. according to the filing?
The filing lists T. Rowe Price Group, Inc. under the Standard Industrial Classification 'SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]'.
Where are T. Rowe Price Group, Inc.'s principal executive offices located?
The principal executive offices are located at 100 East Pratt Street, Baltimore, Maryland 21202.
What is the significance of the 'Item Information' section in this 8-K filing?
The 'Item Information' section specifies the nature of the report, which includes 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-10-01 11:04:05
Key Financial Figures
- $0.20 — ich registered Common Stock, par value $0.20 TROW The NASDAQ Stock Market LLC (Nasd
Filing Documents
- trow-20241001.htm (8-K) — 21KB
- investmentinstitute-pres.htm (EX-99) — 6KB
- investmentinstitute-pres001.jpg (GRAPHIC) — 286KB
- investmentinstitute-pres002.jpg (GRAPHIC) — 59KB
- 0001113169-24-000022.txt ( ) — 624KB
- trow-20241001.xsd (EX-101.SCH) — 2KB
- trow-20241001_lab.xml (EX-101.LAB) — 21KB
- trow-20241001_pre.xml (EX-101.PRE) — 12KB
- trow-20241001_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release Dated October 1 , 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. T. Rowe Price Group, Inc. By: /s/ David Oestreicher David Oestreicher Vice President, General Counsel and Secretary Date: October 1, 2024