📅 Jun 04, 2025Fyfull20 MIN1 VIEWS11 SEGMENTS · 4 SPEAKERS
Stifel Financial (NYSE: SF) held its 2025 AGM, electing 11 directors and ratifying KPMG as auditor. Join Chairman & CEO Ron Kruszewski for insights on 2024 record revenues of $4.97B, non-GAAP EPS of $6.81, and strategic AI and wealth management initiatives!
⏱️ Timestamps (based on transcript):
00:00 – Introduction by Operator
00:12 – Chairman & CEO Ron Kruszewski: Opening Remarks
00:19 – Corporate Secretary Mark Fisher: Meeting Procedures and Quorum
01:31 – Ron Kruszewski: Formal Business and Introductions
04:25 – Ron Kruszewski: KPMG Remarks Invitation
05:43 – Ron Kruszewski: 202...
Hello and welcome to the annual meeting of shareholders of Stifel Financial Corporation. Today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Ron Kruszewski, chairman and CEO.
Today's virtual-only meeting is a live audio webcast. Shareholders who have already voted and do not want to change their votes do not need to take any further action. If you have not voted or wish to change your vote, you may do so until 10:00 a.m. Central time by clicking the vote link at the upper right of your screen or by visiting the website www.investorvote.comsf. If you need a copy of the annual report or proxy statement, links are provided at the investor relations page at stifel.com. If you have logged in using a control number, you may submit questions online. This function is not available if you logged in as a guest. Consistent with our bylaws, we have established rules of conduct for this meeting in the interest of a fair and orderly meeting. Those rules are available under the documents tab at the upper right of your screen. Mr. Chairman, as to quorum, the tellers have submitted a certificate showing that at least 97,997,381 shares, or 95.1% of the total outstanding shares of common stock of the company, are represented at this meeting. A quorum is present.
Thank you, Mr. Fischer. I call the meeting to order and welcome our shareholders to this annual meeting. The directors and officers of our company, in addition to myself, attending today's meeting are directors Adam Belz, Mary Ann Brown, Michael Brown, Robert Grady, Maura Marcus, Thomas Weisel, and Michael Zimmerman. And senior officers: James Zemba, co-president; Victor Nesi, co-president; Mark Fischer, general counsel and secretary; Jim Marous, chief financial officer; and David Sliney, chief operating officer. Joining us today from KPMG are Andrew Esbitt, Brian Witry, Megan Raren, and Matt Kushman. KPMG is being recommended to you as our independent auditing firm for this fiscal year. We will now begin the formal business of the meeting. In accordance with the bylaws of the company, I am acting as chairman of the meeting and Mr. Mark Fischer is acting as secretary. I appoint Jim Lashberg and Michael Buckley as tellers to tabulate the votes at this meeting. An affidavit of the mailing of the notice of this meeting to all shareholders of record on April 7th, 2025, will be filed with the minutes of this meeting. The previous annual meeting of shareholders was held on June 5th, 2024. The minutes for that meeting have been made available to you under the documents tab at the upper right of your screen. I will deem these minutes accepted without objection unless a shareholder or proxy objects by email to stifel investor relations at stifel.com on or before June 18th, 2025. Item one is the proposal of directors for election. Our company's board of directors has proposed that the following individuals be elected at this annual meeting as directors, each to serve for a one-year term or until a successor has been duly elected and qualified: Adam Belz, Mary Ann Brown, Michael Brown, Lisa Carno, Robert Grady, James Kavanaugh, Ronald Kruszewski, Maura Marcus, David Peacock, Thomas Weisel, and Michael Zimmerman. This proposal has been duly submitted to the shareholders for a vote. As reflected in the notice of this meeting, we have two additional proposals before you. Item two is approval of an advisory resolution on executive compensation, sometimes referred to as say-on-pay. The board of directors has recommended that shareholders approve this item. Item three is the board's proposal that shareholders ratify the board's selection of KPMG as independent auditors for the fiscal year ending December 31st, 2025. The board of directors has recommended that shareholders approve this item three. These items have each been duly submitted to our shareholders for a vote. I now recognize the representatives of KPMG and invite them to address this meeting. Is there any statement that you would like to make?
