2/15/20210001397911false00013979112021-02-152021-02-15

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): February 15, 2021

LPL Financial Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-34963						20-3717839
(State or other jurisdictions of incorporation)			(Commission File Number)						(I.R.S. Employer Identification No.)
4707 Executive Drive,			San Diego,			California			92121
(Address of principal executive offices)									(Zip Code)

Registrant's telephone number, including area code:

(800)			877-7210

N/A

(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 registrants under any of the following provisions:

☐ 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 Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock - par value $0.001 per share			LPLA			The Nasdaq Global Select Market

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. ☐

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Item 5.02			Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 15, 2021, Scott Seese, managing director, chief information officer of LPL Financial LLC, began a leave of absence. Mr. Seese was a named executive officer of LPL Financial Holdings Inc. (the “Company”) in the Company’s most recent filing with the Securities and Exchange Commission that required executive compensation disclosure.

Item 7.01			Regulation FD Disclosure.

Mr. Seese requested the leave in order to care for a family member undergoing treatment for an advanced illness. Greg Gates, executive vice president of LPL Financial LLC, has been named interim chief information officer. A copy of a press release issued by the Company on February 16, 2021 is furnished with this Form 8-K as Exhibit 99.1.

Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01			Financial Statements and Exhibits.
(d)						Exhibits
99.1						Press release dated February 16, 2021 (“LPL Financial Announces Managing Director Scott Seese to take Personal Leave of Absence”)
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LPL FINANCIAL HOLDINGS INC.
By:			/s/ Gregory M. Woods
			Name: Gregory M. Woods
			Title: Secretary

Dated: February 16, 2021