UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 24, 2020
Jefferies Financial Group Inc.
(Exact name of registrant as specified in its charter)
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New York |
001-05721 |
13-2615557 |
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(State of other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS. Employer Identification No.) |
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520 Madison Ave., New York, New York |
10022 |
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(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: 212-460-1900
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2, below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Exchange Act:
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Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
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Common Stock, Par Value $1.00 Per Share |
JEF |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Compensatory Arrangements of Certain Officers. |
The Compensation Committee of the Jefferies Financial Group Inc. Board of Directors approved the following fiscal year 2019-related discretionary bonuses pursuant to the executive compensation bonus plans previously approved by the Compensation Committee in February of 2019:
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Executive |
Title |
Cash Bonus |
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Richard Handler |
Chief Executive Officer |
$3,250,000 |
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Brian Friedman |
President |
$3,250,000 |
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Teresa Gendron |
Vice President and Chief Financial Officer |
$1,150,000 |
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Michael Sharp |
Executive Vice President and General Counsel |
$3,000,000 |
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John Dalton |
Vice President, Controller and Chief Accounting Officer |
$300,000 |
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Rocco Nittoli |
Vice President and Chief Compliance Officer |
$175,000 |
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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.
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Jefferies Financial Group Inc. |
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Date: January 28, 2020 |
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/s/ Roland T. Kelly |
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Roland T. Kelly Managing Director and Associate General Counsel |