Franklin Resources Files 2025 Proxy Statement
Ticker: BEN · Form: DEF 14A · Filed: Dec 20, 2024 · CIK: 38777
Sentiment: neutral
Topics: proxy-statement, governance, annual-filing
TL;DR
FRANK files its 2025 proxy statement, shareholders vote soon.
AI Summary
Franklin Resources Inc. filed its definitive proxy statement (DEF 14A) on December 20, 2024, for its fiscal year ending September 30, 2025. The filing outlines the company's governance and executive compensation details, with the report date set for February 4, 2025. The company is headquartered in San Mateo, California.
Why It Matters
This filing provides shareholders with crucial information regarding company leadership, voting matters, and executive compensation, enabling informed participation in corporate governance.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or significant financial disclosures beyond standard corporate governance information.
Key Numbers
- 2025 — Fiscal Year End (The proxy statement pertains to the fiscal year ending September 30, 2025.)
- 20241220 — Filing Date (The definitive proxy statement was filed on this date.)
Key Players & Entities
- FRANKLIN RESOURCES INC (company) — Registrant
- 0001140361-24-050019 (filing_id) — Accession Number
- 20241220 (date) — Filing Date
- 20250204 (date) — Report Date
- 0930 (fiscal_year_end) — Fiscal Year End
- SAN MATEO, CA (location) — Company Headquarters
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, or definitive proxy statement, is used by companies to solicit proxy votes from shareholders for annual or special meetings, providing detailed information on matters to be voted upon, including director elections and executive compensation.
When is the report date for this Franklin Resources DEF 14A filing?
The report date for this Franklin Resources DEF 14A filing is February 4, 2025.
What is Franklin Resources Inc.'s fiscal year end?
Franklin Resources Inc.'s fiscal year ends on September 30.
Where is Franklin Resources Inc. headquartered?
Franklin Resources Inc. is headquartered in San Mateo, California.
What is the SIC code for Franklin Resources Inc.?
The Standard Industrial Classification (SIC) code for Franklin Resources Inc. is 6282, which corresponds to Investment Advice.
Filing Stats: 4,658 words · 19 min read · ~16 pages · Grade level 12.1 · Accepted 2024-12-20 11:27:31
Key Financial Figures
- $1.68 — record assets under management (AUM) of $1.68 trillion as of September 30, 2024, and
- $319 billion — rior year in long-term gross inflows to $319 billion. While long-term net outflows were $32.
- $32.6 billion — lion. While long-term net outflows were $32.6 billion (including $20.7 billion of reinvested
- $20.7 billion — outflows were $32.6 billion (including $20.7 billion of reinvested distributions), excluding
- $16 billion — stern Asset, long-term net inflows were $16 billion compared to net outflows of $5.2 billio
- $5.2 billion — $16 billion compared to net outflows of $5.2 billion in the prior year. Strong momentum in
- $14.8 billion — ar, private markets fundraising totaled $14.8 billion with flagship funds in secondary privat
- $500 billion — flows for the year, culminating in over $500 billion in AUM. The acquisition of Putnam Inv
- $180 billion — 1, 2024, Putnam's AUM has grown 21% to $180 billion as of September 30, 2024. Franklin Temp
- $11 billion — ted positive net flows of approximately $11 billion in Putnam strategies. We have also exce
- $150 million — annual run-rate cost savings target of $150 million from the transaction. While continuing
- $946 million — ow our business. This year, we returned $946 million to shareholders through dividends and s
- $250 million — s, funded acquisitions, and paid down a $250 million senior note in July. We encourage you
- $0.10 — f the Company's common stock, par value $0.10 per share (the "common stock"), at the
Filing Documents
- ny20036387x1_def14a.htm (DEF 14A) — 1735KB
- ny20036387x1_def14a-courtesy.pdf (DEF 14A) — 898KB
- ny20036387x1_arrows.jpg (GRAPHIC) — 6KB
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- 0001140361-24-050019.txt ( ) — 15529KB
- ben-20250204.xsd (EX-101.SCH) — 3KB
- ben-20250204_def.xml (EX-101.DEF) — 2KB
- ben-20250204_lab.xml (EX-101.LAB) — 4KB
- ben-20250204_pre.xml (EX-101.PRE) — 3KB
- ny20036387x1_def14a_htm.xml (XML) — 303KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 48 Summary Compensation Table for Fiscal Year 2024 48 Grants of Plan-Based Awards for Fiscal Year 2024 49 Outstanding Equity Awards at 2024 Fiscal Year-End 51 Option Exercises and Stock Vested for Fiscal Year 2024 52 Non-Qualified Deferred Compensation 52 Potential Payments Upon Termination or Change in Control 53 Pay Ratio 56 Pay Versus Performance 56 Compensation Risk Assessment 59 Compensation Committee Interlocks and Insider Participation 59 Equity Compensation Plan Information 60 REPORT OF THE AUDIT COMMITTEE 61 Membership and Role of the Audit Committee 61 Review of the Company's Audited Financial Statements for the Fiscal Year Ended September 30, 2024 61 FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 62 Pre-approval Process and Policy 63 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 64 Related Person Transaction Policy 65 SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 67 Delinquent Section 16(a) Reports 67 PROPOSAL NO. 2: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 68 ADDITIONAL INFORMATION 69 Stockholder Proposals and Nominations of Directors at 2026 Annual Meeting 69 Contact the Board of Directors 70 Electronic Access to Proxy Materials and Annual Meeting 70 Householding of Proxy Materials 71 Other Matters 71 2025 Proxy Statement iii TABLE OF CONTENTS Proxy Statement FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO, CALIFORNIA 94403-1906 December 20, 2024 This Proxy Statement and the accompanying Notice of Annual Meeting of Stockholders are furnished in connection with the solicitation by the Board of Directors (the "Board") of Franklin Resources, Inc., a Delaware corporation (the "Company"), of the accompanying proxy to be voted at the 2025 Annual Meeting of stockholders (the "Annual Meeting"), which will be held on Tuesday, Feb