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WDR > SEC Filings for WDR > Form 8-K on 19-Jun-2014All Recent SEC Filings

Show all filings for WADDELL & REED FINANCIAL INC

Form 8-K for WADDELL & REED FINANCIAL INC


19-Jun-2014

Change in Directors or Principal Officers, Financial Statements and


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

(b) As previously reported in November 2013, Daniel P. Connealy, Senior Vice President and Chief Financial Officer of Waddell & Reed Financial, Inc. (the "Company") announced his intention to retire from such positions with the Company upon the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2013, and to continue his employment with the Company in a non-executive role through June 2014 to assist in the transition of his responsibilities. Mr. Connealy retired as Senior Vice President and Chief Financial Officer on February 28, 2014 and as an employee of the Company on June 16, 2014.

(e) On June 14, 2014, the Company's Compensation Committee approved the vesting of Mr. Connealy's unvested shares of restricted stock upon the execution and effectiveness of a Release of All Claims (the "Release") by Mr. Connealy. Mr. Connealy executed the Release on June 17, 2014. Following a mandatory seven (7) day revocation period, it is anticipated that the Release will become effective on or about June 25, 2014, at which time Mr. Connealy's 85,000 shares of restricted stock will vest. Additionally, as previously reported, as an employee who has attained age 65, Mr. Connealy will be entitled to receive retirement and pension benefits, subject to the terms and conditions of the Company's 401(k) plan and pension plan, as applicable. The foregoing description of the Release is qualified in its entirety by reference to the Release, a copy of which is filed as Exhibit 10.1 hereto and incorporated by reference herein.



Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

10.1 Release of All Claims, dated June 17, 2014, by and between Daniel P. Connealy and Waddell & Reed Financial, Inc.


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