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AI brief of an SEC Form 8-K · Raymond James Financial (RJF)

Raymond James names President Paul Shoukry CEO, effective February 20, 2025

Neutral Impact 4 of 5 leadership Written later

Chair and CEO Paul Reilly will step down as CEO at the close of the February 20, 2025 Annual Shareholders Meeting and become Executive Chair, under a leadership succession plan the company previously disclosed. The Board unanimously appointed President Paul M. Shoukry, 41, to succeed him as CEO, and the Board will set compensation for both executives at a later date.

Key points

  • Paul C. Reilly steps down as CEO at the close of the Annual Shareholders Meeting on February 20, 2025 and becomes Executive Chair for a period the Board will determine.
  • Paul M. Shoukry, 41, President and director, was appointed CEO effective upon Reilly's transition; he was Chief Financial Officer until September 30, 2024.
  • Jeffrey N. Edwards will continue as Lead Independent Director.
  • Christopher Shoukry, the CEO nominee's brother, was paid $767,310 in cash compensation and $23,016 in LTIP contributions from October 1, 2023 to the present as a director at Alex. Brown.

The filing

CompanyRaymond James Financial (RJF)
Form8-K, current report
Filed with the SECDec 9, 2024, 5:17 PM ET
Accession number0000720005-24-000074

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.