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Raymond James Financial Inc. – ‘8-K’ for 11/30/22

On:  Friday, 12/2/22, at 5:05pm ET   ·   For:  11/30/22   ·   Accession #:  720005-22-68   ·   File #:  1-09109

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  As Of               Filer                 Filing    For·On·As Docs:Size

12/02/22  Raymond James Financial Inc.      8-K:5,7,8,911/30/22   12:566K

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     46K 
 2: EX-99.1     EX-99.1 Press Release Dated December 1, 2022        HTML     12K 
 7: R1          Cover Page                                          HTML     53K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- rjf-20221130_htm                    XML     30K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.DEF  XBRL Definitions -- rjf-20221130_def                 XML     42K 
 5: EX-101.LAB  XBRL Labels -- rjf-20221130_lab                      XML     90K 
 6: EX-101.PRE  XBRL Presentations -- rjf-20221130_pre               XML     43K 
 3: EX-101.SCH  XBRL Schema -- rjf-20221130                          XSD     13K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               14±    21K 
12: ZIP         XBRL Zipped Folder -- 0000720005-22-000068-xbrl      Zip     27K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM  i 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 i November 30, 2022
Date of Report (date of earliest event reported)

 i RAYMOND JAMES FINANCIAL, INC.
(Exact name of registrant as specified in its charter)

 i Florida
 i 1-9109
 i 59-1517485
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 i 880 Carillon Parkway
 i St. Petersburg
 i Florida
 i 33716
(Address of principal executive offices)
(Zip Code)

( i 727)  i 567-1000
(Registrant’s telephone number, including area code)

None
(Former name or former address, if changed since last report)

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:

 i   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i   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 classTrading Symbol(s)Name of each exchange on which registered
 i Common Stock, $.01 par value i RJF i New York Stock Exchange
 i Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock i RJF PrA i New York Stock Exchange
 i Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock i RJF PrB i 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 (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

Emerging growth company  i 

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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November 30, 2022, the Board of Directors of Raymond James Financial, Inc. (the “Company”) appointed Mr. Jonathan (“Butch”) Oorlog, Jr. (59) as the Company’s Chief Accounting Officer, effective January 1, 2023. Mr. Oorlog currently serves since September 30, 2020 as Senior Vice President and Controller of the Company. Mr. Oorlog joined the Company in 2004 as chief financial officer for Raymond James Tax Credit Funds, Inc. In 2009, he joined the Financial Reporting group, where he served in a variety of roles of increasing responsibility, including oversight of accounting and financial reporting at the Company’s asset management and capital markets business units, as well as the oversight of certain operational accounting functions. From 2012 to 2017 he was also responsible for overseeing the Company’s SEC reporting. He is a member of the Company’s Accounting Policy Committee and its Disclosure Committee.

Prior to joining the Company, Mr. Oorlog was chief financial officer of Celotex Corporation, a privately held building materials manufacturer. He started his career at Price Waterhouse. Mr. Oorlog graduated with bachelor’s and master’s degrees in accounting from Florida State University. He is a Certified Public Accountant.

There are no arrangements or understandings between Mr. Oorlog and any other person pursuant to which he was selected as an officer. Mr. Oorlog does not have any family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Oorlog has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Item 7.01 Regulation FD Disclosure

On December 1, 2022, the Company issued a press release (the Press Release) announcing that the Board had declared a quarterly dividend of $0.42 per share for each outstanding share of common stock of the Company. The dividend is payable on January 17, 2023 to shareholders of record on January 3, 2023.

The Press Release also announced that the Board had declared on December 1, 2022 a quarterly cash dividend of $0.421875 per depositary share of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrA) and $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB), in each case payable January 3, 2023 to shareholders of record on December 15, 2022.

A copy of the Press Release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.1 hereto, is being “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company with the Securities and Exchange Commission, whether made before or after the date hereof, regardless of any general incorporation language in such filings (unless the Company specifically states that the information or exhibit in this particular report is incorporated by reference).

Item 8.01 Other Events

The Press Release also announced that the Board of Directors had authorized repurchase of the Company’s shares of common stock (“Common Stock”) in an aggregate amount of up to $1.5 billion. The $1.5 billion authorization replaced the previous repurchase authorization announced on December 2, 2021, under which approximately $800 million remained available as of December 1, 2022. These repurchases may be made from time to time at prices that the Company deems appropriate and subject to market conditions, applicable law, regulatory constraints in connection with previously announced acquisitions and other factors deemed relevant in the Company’s sole discretion. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan. The Board’s authorization does not have a fixed expiration date. All repurchased shares of Common Stock will be held as treasury shares. The repurchase authorization does not obligate the Company to repurchase any dollar amount or number of shares of Common Stock and may be suspended or discontinued at any time.

Information regarding repurchases of Common Stock will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.





Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following are filed as exhibits to this report:
Exhibit No.Description
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).






SIGNATURES

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.

RAYMOND JAMES FINANCIAL, INC.
By:
Paul M. Shoukry
Chief Financial Officer and Treasurer




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
1/17/23
1/3/23
1/1/23
12/15/22
Filed on:12/2/22
12/1/224
For Period end:11/30/224
12/2/214,  8-K
9/30/2010-K,  3,  4
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/09/23  Raymond James Financial Inc.      S-8         3/09/23    4:157K
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