STIFEL FINANCIAL CORP

8-K · d282209d8k.htm

0000720672 2026-06-09 2026-06-09 0000720672 us-gaap:CommonStockMember 2026-06-09 2026-06-09 0000720672 us-gaap:SeriesBPreferredStockMember 2026-06-09 2026-06-09 0000720672 us-gaap:SeriesCPreferredStockMember 2026-06-09 2026-06-09 0000720672 us-gaap:SeriesDPreferredStockMember 2026-06-09 2026-06-09 0000720672 sfb:M5.20SeniorNotesDue2047Member 2026-06-09 2026-06-09
  
  
 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): June 9, 2026
  
  

 STIFEL FINANCIAL CORP.
 (Exact name of registrant as specified in its charter)
  
  

  

 Delaware
  
 001-09305
  
 43-1273600

 (State of incorporation)
  
 (Commission File Number)
  
 (IRS Employer
 Identification No.)

 501 N. Broadway , St. Louis , Missouri 63102-2188
 (Address of principal executive offices and zip code)
 (314) 342-2000
 (Registrant’s telephone number, including area code)
 Not Applicable
 (Former name or former address, if changed since last report)
  
  

 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, $0.15 par value per share
  

   
 SF
  

   
 New York Stock Exchange

 Depository Shares, each representing 1/1,000th interest in a share of 6.25% Non-Cumulative Preferred Stock, Series B
  

   
 SF-PB
  

   
 New York Stock Exchange

 Depository Shares, each representing 1/1,000th interest in a share of 6.125% Non-Cumulative Preferred Stock, Series C
  

   
 SF-PC
  

   
 New York Stock Exchange

 Depository Shares, each representing 1/1,000th interest in a share of 4.50% Non-Cumulative Preferred Stock, Series D
  

   
 SF-PD
  

   
 New York Stock Exchange

 5.20% Senior Notes due 2047
  

   
 SFB
  

   
 New York Stock Exchange

 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))
 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  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 As described in more detail below under Item 5.07, on June 9, 2026, the shareholders of Stifel Financial Corp. (the “Company”) approved amendments to the Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement) (the “Plan”). The material terms of the Plan are summarized in the Company’s Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 29, 2026. The description of the Plan is qualified in its entirety by the full text of the Plan, attached hereto as Exhibit 10.1 and incorporated herein by reference.
 Item 5.03  Amendments to Articles of Incorporation or By-Laws: Change in Fiscal Year.
 As described in more detail below under Item 5.07, on June 9, 2026, the Company’s shareholders approved an increase in the total number of shares of stock authorized from 197,000,000 to 294,000,000; and an increase in the number of shares of common stock authorized from 194,000,000 to 291,000,000.
 On June 9, 2026, the Company filed the First Amendment to the Second Restated Certificate of Incorporation with the Secretary of the State of Delaware, which is attached hereto as Exhibit 3.1 and incorporated by reference herein.
 Item 5.07  Submission of Matters to a Vote of Security Holders.
 The Annual Meeting of Shareholders of the Company was held on June 9, 2026 to (i) elect twelve members of the Board of Directors; (ii) approve, on an advisory basis, the compensation of the named executive officers of the Company, as disclosed in the Company’s Proxy Statement; (iii) approve the adoption of an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock authorized for issuance; (iv) approve the adoption of an amendment to the Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement) to increase capacity by 9,000,000 shares, including 175,000 shares to be reserved for non-employee directors; and (v) ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2026.
 As of April 13, 2026, the record date for the Annual Meeting, there were 153,794,394 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 142,320,057 shares of common stock were represented in person or by proxy, constituting a quorum.
 The final results for the proposals voted on at the Annual Meeting are set forth below:
 Proposal 1 – Election of Directors:
 The Company’s shareholders elected twelve directors to hold office until the 2027 annual meeting of shareholders or until their respective successors are elected and qualified or until their earlier death, resignation or removal. The following table shows the results of the shareholders’ votes:
  

   
  
 For
  
   
  

 Withhold
Authority
  
 
   
  
 Abstentions
  
   
  

 Broker
 Non-votes

  
  

 Adam T. Berlew

   
  
 125,536,282
  
   
  
 1,034,476
  
   
  
 —
  
   
  
 15,749,299
  

 Maryam S. Brown

   
  
 126,346,811
  
   
  
 223,947
  
   
  
 —
  
   
  
 15,749,299
  

 Michael W. Brown

   
  
 123,047,033
  
   
  
 3,523,725
  
   
  
 —
  
   
  
 15,749,299
  

 Lisa L. Carnoy

   
  
 125,248,195
  
   
  
 1,322,563
  
   
  
 —
  
   
  
 15,749,299
  

 Robert E. Grady

   
  
 120,287,441
  
   
  
 6,283,317
  
   
  
 —
  
   
  
 15,749,299
  

 James P. Kavanaugh

   
  
 125,525,957
  
   
  
 1,044,801
  
   
  
 —
  
   
  
 15,749,299
  

 Ronald J. Kruszewski

   
  
 122,402,295
  
   
  
 4,168,463
  
   
  
 —
  
   
  
 15,749,299
  

 Maura A. Markus

   
  
 117,164,901
  
   
  
 9,405,857
  
   
  
 —
  
   
  
 15,749,299
  

 Victor J. Nesi

   
  
 124,594,673
  
   
  
 1,976,085
  
   

   
  
 15,749,299
  

 David A. Peacock

   
  
 121,277,210
  
   
  
 5,293,548
  
   
  
 —
  
   
  
 15,749,299
  

 Thomas W. Weisel

   
  
 124,569,215
  
   
  
 2,001,543
  
   
  
 —
  
   
  
 15,749,299
  

 Michael J. Zimmerman

   
  
 122,772,544
  
   
  
 3,798,214
  
   
  
 —
  
   
  
 15,749,299
  

 Proposal 2 – To approve, on an advisory basis, the compensation of the named executive officers of the Company, as disclosed in the Proxy Statement:
  

 For
  
 Against
  
 Abstentions
  
 Broker Non-votes

 123,866,225

  
 2,396,358

  
 308,175

  
 15,749,299

  
 2

 Proposal 3 – To approve the adoption of an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock authorized for issuance:
  

 For
  
 Against
  
 Abstentions
  
 Broker Non-votes

 141,102,597

  
 1,111,627

  
 105,833

  
 N/A

 Proposal 4 – To approve the adoption of an amendment to the Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement) to increase capacity by 9,000,000 shares, including 175,000 shares to be reserved for non-employee directors:
  

 For
  
 Against
  
 Abstentions
  
 Broker Non-votes

 87,433,331

  
 38,926,563

  
 210,864

  
 15,749,299

 Proposal 5 – To ratify the selection of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2026:
  

 For
  
 Against
  
 Abstentions
  
 Broker Non-votes

 138,332,694

  
 3,809,504

  
 177,859

  
 N/A

 Item 9.01  Financial Statements and Exhibits.
 (d) Exhibits.
  

   Exhibit
   Number

  
   
 Description

  
  3.1 
  
   
 First Amendment to the Second Restated Certificate of Incorporation, dated June 9, 2026

  
 10.1 
  
   
 Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement), as amended through June 2026

  
 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  

  

   

   
 STIFEL FINANCIAL CORP.
   

  Date: June 9, 2026

  
    

   
 By:
   
 /s/ James M. Marischen
   
       

  

   
 Name: 
   
 James M. Marischen
   

  

   
 Title:
   
 Chief Financial Officer
   

  
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