T. Rowe Price adds Allan Golston and Richard Verma as independent directors
T. Rowe Price's board increased its size from 11 to 13 seats on October 13, 2025, and elected Allan Golston and Richard Verma as independent directors. The board placed Golston on its Audit Committee and Executive Compensation and Management Development Committee, and Verma on its Nominating and Corporate Governance Committee and Executive Compensation and Management Development Committee. The filing presents this as a board addition and does not describe any change to financial results or guidance.
Key points
- Board expanded from 11 to 13 directors on October 13, 2025
- Allan Golston: president of the United States Program at the Gates Foundation; will serve on Audit and Executive Compensation committees
- Richard Verma: chief administrative officer at Mastercard; previously served on T. Rowe Price's board from 2018 to 2023
- Board determined both directors are independent under NASDAQ and SEC rules
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 October 16, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.