UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report: September 15, 2015
Date of earliest event reported: September 15, 2015
INTL FCStone Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware | 000-23554 | 59-2921318 |
(State or Other Jurisdiction of Incorporation) | (Commission File No.) | (IRS Employer Id. No.) |
708 Third Avenue, Suite 1500, New York, New York | 10017 | |
(Address of Principal Executive Offices) | (Zip Code) | |
Registrant's telephone number, including area code: (212) 485-3500
(Former Name or Former Address, if Changed Since Last Report)
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)) |
Item 5.02. Departure of Certain Officers; Appointment of Certain Officers.
On September 15, 2015, INTL FCStone Inc. (the "Company") announced that Scott J. Branch, President of the Company, will retire as an employee effective December 31, 2016. As part of his transition to retirement, Mr. Branch will step down from his position as President of the Company effective October 1, 2015. Mr. Branch will remain an employee of the Company until December 31, 2016 to ensure a smooth transition of his responsibilities, and will remain a member of the Company's main executive and management committees. Mr. Branch will also remain a director of the Company and will continue to hold himself available for appointment as a director of the Company through at least 2020.
The Company also announced the appointment of Sean M. O'Connor, Chief Executive of the Company, as President of the Company effective October 1, 2015. Mr. O'Connor, 53, has served as Chief Executive Officer of the Company since October 2002.
Mr. O'Connor has not entered into any related party transactions during the current fiscal year and has no familial relationship with directors or executive officers of the Company. There will be no material amendment to Mr. O'Connor's compensation package in connection with his appointment.
The Company further announced the appointments of Xuong Nguyen as Chief Operating Officer and Tricia Harrod as Chief Risk Officer. The appointments of Mr. Nguyen and Ms. Harrod will be effective October 1, 2015.
Mr. Nguyen, 46, presently serves as Executive Vice President of the FCM Division of INTL FCStone Financial Inc., a subsidiary of the Company, as well as Chief Operating Officer of additional subsidiaries of the Company. Mr. Nguyen was appointed Chief Executive Officer of FCStone, LLC, the Company’s futures commission merchant which was subsequently merged into INTL FCStone Financial Inc., in February 2014 and was Chief Operating Officer of FCStone, LLC for four years prior to his appointment as CEO. Mr. Nguyen previously served as Chief Operating Officer of MF Global in the U.S. and served in senior management positions in operations, accounting, project management and audit at Bank of America, JP Morgan (formerly Banc One and First Chicago), ABN Amro, and the Chicago Mercantile Exchange. Mr. Nguyen has twenty-two plus years of experience in the derivatives, futures and options marketplace.
Mr. Nguyen has not entered into any related party transactions during the current fiscal year and has no familial relationship with directors or executive officers of the Company. There will be no material amendment to Mr. Nguyen's compensation package in connection with his appointment.
Ms. Harrod joined the company in 2009 and presently serves as Global Head of Risk for the Company and its subsidiaries. Prior to joining the Company, Ms. Harrod spent more than 25 years in Risk Management for the energy industry, including 11 years as Head of Risk Management for GXP Energy (Aquila, Inc.) including responsibilities of Enterprise Risk Management, Middle Office, Insurance, Credit and Market Risk.
Item 7.01. Regulation FD Disclosure.
A copy of the related press release issued on September 15, 2015 is filed herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1 | Press release dated as of September 15, 2015. | |
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: September 15, 2015 | INTL FCStone Inc. By: /s/ Brian T. Sephton Brian T. Sephton, Chief Legal & Governance Officer |
Exhibit Index
Exhibit No. | Description of Document | |
Exhibit 99.1 | Press release dated as of September 15, 2015. | |
INTL FCStone Inc. Announces Executive Appointments
NEW YORK, September 15, 2015 -- INTL FCStone Inc. (Nasdaq: INTL), a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, today announced that Scott J. Branch will resign as President of INTL FCStone. The position of President will be taken up by Sean M. O'Connor, Chief Executive Officer of INTL FCStone, effective October 1, 2015.
This is part of a planned transition allowing Mr. Branch to retire effective December 31, 2016. Mr. Branch will remain an employee of INTL FCStone until December 31, 2016, continuing to fulfill his current day-to-day responsibilities in order to ensure a smooth transition, and will remain a member of the Company's main executive and management committees. Mr. Branch also will remain a director of INTL FCStone. He will continue to hold himself available for appointment as a director of INTL FCStone through at least 2020.
In addition, INTL FCStone also announced the appointments of Xuong Nguyen as Chief Operating Officer and Tricia Harrod as Chief Risk Officer. The appointments of Mr. Nguyen and Ms. Harrod will be effective October 1, 2015.
Mr. Nguyen presently serves as Executive Vice President of the FCM Division of INTL FCStone Financial Inc., a subsidiary of the Company, as well as Chief Operating Officer of additional subsidiaries of INTL FCStone Inc.
Ms. Harrod presently serves as Global Head of Risk for INTL FCStone Inc., and its subsidiaries.
About INTL FCStone Inc.
INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Its revenues are derived primarily from financial products and advisory services that fulfill clients' needs and provide bottom-line benefits to their businesses. INTL creates added value for clients by providing access to global financial markets using industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. INTL's client-first approach engenders trust, and has enabled INTL to establish leadership positions in a number of complex fields in financial markets around the world.
Further information on INTL FCStone is available at www.intlfcstone.com.
CONTACT:
INTL FCStone Inc.
Kent Coughlin
Director of Public Relations
+615-234-2756
kent.coughlin@intlfcstone.com