Every material Form 8-K SEI Investments filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SEI reported third-quarter 2024 revenue of $537.4 million, up 13% from a year earlier, and diluted earnings per share of $1.19, up from $0.87. Results included a one-time $8.2 million gain on a New York property sale and an approximately $5.3 million LSV performance fee. On October 22, 2024, the board raised the stock repurchase authorization by $400 million to approximately $429 million, which includes $29 million remaining under the prior authorization.
Revenue of $537.4 million, up 13% from $476.8 million; operating margin of 26.8% versus 22.8%.
Diluted EPS of $1.19 versus $0.87; the $8.2 million property gain added $0.05 per share.
Net sales events of $46.4 million, the highest level for any single quarter in company history.
Board approved an additional $400 million repurchase authority on October 22, 2024; SEI bought back 1.3 million shares for $85.8 million in the quarter.
SEI Investments reported second-quarter 2024 revenue of $519.0 million, up 6% from a year earlier, and net income of $139.1 million, up 17%. Diluted earnings per share rose 18% to $1.05, and income from operations rose 21% to $136.5 million, all of which point to stronger profitability for shareholders.
Diluted EPS was $1.05 for the quarter ended June 30, 2024, compared with $0.89 a year earlier.
Revenue was $519.0 million, compared with $489.1 million in second-quarter 2023.
Net income was $139.1 million, compared with $118.9 million, an increase of 17%.
The company repurchased 1.6 million shares for $111.2 million at an average price of $67.44 per share.
At its May 29, 2024 annual meeting, SEI shareholders approved the 2024 Omnibus Equity Compensation Plan, which took effect on approval, and elected three directors. The same day, the board declared a semi-annual cash dividend of $0.46 per share, and the company disclosed its Executive Severance and Change of Control Plan, which sets cash and equity payments for executives whose employment ends under specified conditions.
Shareholders approved the 2024 Omnibus Equity Compensation Plan with 84,926,107 votes for and 18,392,780 against
Semi-annual dividend of $0.46 per share: record date June 10, 2024, payment date June 18, 2024
Severance plan provides a cash payment of 1.5 times the sum of annual base salary and target bonus, plus pro-rata target bonus, on a qualifying termination during a change of control period
Advisory say-on-pay vote approved by 61.8% of votes cast; KPMG LLP ratified as 2024 auditor with 99.5% of votes cast
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SEI Investments filing is on SEC EDGAR ↗. 8-K briefs of other companies →