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SEI Investments Company has announced an employment agreement with its Chief Executive Officer, Ryan Hicke, effective January 13, 2026. The agreement sets the term of Hicke's employment as CEO until June 1, 2031, or until the termination of his employment, if earlier. During the term, Hicke will receive a base salary of $900,000 per year, subject to annual review by the Compensation Committee, and is eligible for an annual bonus based on individual and corporate performance goals, with an initial target amount of $2,700,000.
Additionally, Hicke will be eligible to receive annual equity awards under the company's Omnibus Equity Compensation Plan or a successor plan, along with participation in the company's health, life insurance, long-term disability, retirement, and welfare benefit plans and programs. The agreement also outlines provisions for vacation, holiday, and sick leave entitlements, as well as reimbursement for necessary and reasonable business expenses incurred in the performance of his duties.
In the event of termination without cause, Hicke would be entitled to severance payments equivalent to one and a half times his annual base salary and target annual bonus, with outstanding unvested equity awards automatically becoming fully vested, and the exercise period for such awards extended. Moreover, the agreement includes provisions for termination for cause, voluntary resignation/retirement, disability, and death, each with specific entitlements and conditions.
The agreement also stipulates that in the event of a Change of Control, certain benefits and obligations would be applicable regardless of the cause or nature of termination.
As a result of these announcements, the company's shares have moved -0.61% on the market, and are now trading at a price of $84.85. If you want to know more, read the company's complete 8-K report here.
