DEF: SEI Investments Company Announces Details for 2025 Annual Meeting of Shareholders

SEI Investments Company will hold its 2025 Annual Meeting of Shareholders virtually on May 28, 2025, to elect directors, approve executive compensation, and ratify the appointment of KPMG LLP as independent auditors.

Summary

• SEI Investments Company will hold its 2025 Annual Meeting of Shareholders on May 28, 2025, in a virtual-only format.
• Shareholders of record as of March 20, 2025, are entitled to vote.
• The meeting will address the election of three directors for terms expiring in 2028, an advisory vote on executive compensation, and the ratification of KPMG LLP as independent registered public accountants for 2025.
• The Board recommends voting FOR the election of the director nominees, FOR the advisory vote on executive compensation, and FOR the ratification of the appointment of KPMG LLP.
• In 2024, SEI achieved record revenue, net sales events, operating income, and earnings per share.
• The company returned approximately $620 million of capital to shareholders in 2024.
• The Board has adopted a retirement policy where directors will not be nominated for re-election after their 75th birthday after 2028.
• The company's stock ownership policy requires directors and executive officers to own equity interests in the company having a required value which is a multiple of their base compensation.
• The company has a compensation recoupment policy that allows for claw-back of performance-based compensation in certain instances.

Sentiment

Score: 8

Explanation: The document presents a positive outlook with record financial performance and a focus on future growth and innovation. The Board's recommendations and governance practices suggest a well-managed company.

Positives

• SEI achieved record revenue, net sales events, operating income, and earnings per share in 2024.
• The company returned approximately $620 million of capital to shareholders in 2024.
• The Board has adopted a retirement policy where directors will not be nominated for re-election after their 75th birthday after 2028.
• The company's stock ownership policy requires directors and executive officers to own equity interests in the company having a required value which is a multiple of their base compensation.
• The company has a compensation recoupment policy that allows for claw-back of performance-based compensation in certain instances.

Risks

• The document mentions forward-looking statements are subject to risks and uncertainties, as detailed in the company's Annual Report on Form 10-K.

Future Outlook

The company is focused on an enterprise mindset, investing in areas that deliver the greatest return, optimizing its operating model, and committing to innovation to drive growth for clients, the industry, and shareholders.

Management Comments

• Alfred P. West, Jr., Executive Chairman, stated that SEI achieved significant milestones in 2024 with record revenue, net sales events, operating income, and earnings per share.
• Mr. West emphasized the dedication of SEI's leadership and workforce to delivering for clients and executing the growth strategy.
• Mr. West highlighted SEI's focus on an enterprise mindset, leveraging technology, operations, and asset management capabilities.
• Mr. West noted the company's commitment to innovation and nurturing a culture that unites colleagues in a shared purpose.

Industry Context

SEI operates in the financial technology, operations, and asset management services industry, serving wealth managers, banks, investment advisors, asset managers, family offices, institutional investors, and ultra-high-net-worth investors.

Comparison to Industry Standards

• The document does not provide specific comparisons to industry standards or competitors.
• However, it mentions that the Compensation Committee considers industry trends when structuring compensation plans.
• The document mentions that the company benchmarks against a blend of indices including 79% NASDAQ US Asset Managers and Custodians and 21% NASDAQ US Software for the measurement period ended on December 31, 2024 and 2023 and 76% NASDAQ US Asset Managers and Custodians and 24% NASDAQ US Software for the measurement periods ended on December 31 of each of 2022, 2021, and 2020, respectively.

Stakeholder Impact

• Shareholders: The company's performance and capital return policy positively impact shareholders.
• Employees: The company's values and culture, as well as compensation programs, impact employees.
• Clients: The company's focus on delivering for clients and executing its growth strategy impacts clients.

Next Steps

• Shareholders are encouraged to vote on the proposals outlined in the Proxy Statement.
• Attend the virtual Annual Meeting on May 28, 2025.

Key Dates

Keywords

Annual Meeting, Shareholders, Proxy Statement, Directors, Executive Compensation, KPMG, SEI Investments, Voting