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Section 1: 8-K (8-K)

8-K
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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)

 

New York

 

001-05721

 

13-2615557

(State of other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(IRS. Employer

Identification No.)

520 Madison Ave., New York, New York

 

10022

(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:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

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:

Executive

 

Title

 

Cash Bonus

 

Richard Handler

 

Chief Executive Officer

   

$3,250,000

 

Brian Friedman

 

President

   

$3,250,000

 

Teresa Gendron

 

Vice President and Chief Financial Officer

   

$1,150,000

 

Michael Sharp

 

Executive Vice President and General Counsel

   

$3,000,000

 

John Dalton

 

Vice President, Controller and Chief Accounting Officer

   

$300,000

 

Rocco Nittoli

 

Vice President and Chief Compliance Officer

   

$175,000

 


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.

 

 

Jefferies Financial Group Inc.

         

Date: January 28, 2020

 

 

/s/ Roland T. Kelly

 

 

Roland T. Kelly

Managing Director and

Associate General Counsel

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