UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 July 19, 2022, in connection with the planned corporate consolidation, Jefferies Financial Group Inc. (the “Company,” “our,” or “we”) announced that Teri Gendron, Chief Financial Officer, and John Dalton, Controller and Chief Accounting Officer, will be departing from the Company in May 2023 to pursue other opportunities. Upon completion of the entity merger of Jefferies Group LLC (“Jefferies Group”) into the Company, Matt Larson, currently Chief Financial Officer of Jefferies Group, and Ms. Gendron, will be co-Chief Financial Officers of the Company. Mr. Larson will succeed Ms. Gendron as Chief Financial Officer of the Company.
Ms. Gendron entered into an Agreement with the Company on July 17, 2022, stating that she will receive certain payments and benefits as set forth in the Agreement, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 8.01 | Other Events |
On July 19, 2022, the Company issued a press release announcing these management changes, the agreed sale of Idaho Timber, and the planned corporate consolidation of Jefferies Group LLC into the Company. The press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d)
| Exhibit Number |
Description | |
| 99.1 | Agreement, between Teresa Gendron and the Company, dated July 17, 2022 | |
| 99.2 | Press release, dated July 19, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
| Date: July 19, 2022 | JEFFERIES FINANCIAL GROUP INC. | |||||
| /s/ Michael J. Sharp | ||||||
| Michael J. Sharp | ||||||
| Executive Vice President and General Counsel | ||||||