SEI INVESTMENTS CO 8-K

What Happened
SEI Investments Company announced on January 13, 2026 that it entered into a new employment agreement with its CEO, Ryan Hicke, replacing his prior agreement. The term runs through June 1, 2031. The agreement sets an initial annual salary of $900,000 (not subject to reduction during the term), an initial target cash bonus of $2,700,000 (subject to increase by the Compensation Committee), and eligibility for annual equity grants under the company’s 2024 Omnibus Equity Compensation Plan.

Key Details

• Term: agreement dated Jan 13, 2026, running until June 1, 2031.
• Pay: initial base salary $900,000; initial annual target cash bonus $2,700,000; annual equity grants eligible under the 2024 Plan.
• Severance (if terminated by company other than for Cause, death or disability, and upon delivery of a release): accrued amounts, 1.5× base salary plus 1.5× annual bonus payable over an 18-month payroll period, and full acceleration of unvested equity. Unexercised options remain exercisable for 18 months after termination.
• Change in control / Good Reason: if Hicke resigns for Good Reason within 24 months after a Change in Control, he would receive 1.5× (base salary + target bonus) plus a pro-rated bonus amount and full accelerated vesting; equity exercise period may be extended up to 365 days.
• Covenants: 18‑month post‑employment non‑compete and non‑solicit obligations, plus confidentiality requirements.

Why It Matters
This filing details the CEO’s compensation, severance and post‑employment restrictions, which affect executive pay obligations and potential dilution from equity grants. Investors should note the fixed minimum salary, significant bonus and severance multipliers (1.5×), and full accelerated vesting provisions in certain termination events—particularly following a change in control—which could increase near‑term cash and equity-related costs for the company.