Every material Form 8-K T. Rowe Price filed with the SEC in 2025, 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.
T. Rowe Price said on November 3, 2025, that Chief Operating Officer Kimberly Johnson will resign and leave the company on December 31, 2025. The firm also created a new Technology, Data, and Operations function led by Ramon Richards, its chief technology officer since 2023, who will join the Management Committee and report to Chair, CEO and President Rob Sharps.
Kimberly Johnson, COO since 2022, will leave the firm on December 31, 2025, according to the 8-K; the press release says she will leave in December.
New Technology, Data, and Operations function will oversee enterprise operations, digital platforms, and data strategy.
Ramon Richards, who joined as CTO in 2023, will lead the new function and report to Rob Sharps.
The company stated that the new structure is intended to align capabilities with changing industry dynamics; the filing gives no financial figures for the change.
T. Rowe Price reported third-quarter 2025 results with net revenues of $1.9 billion, up 6.0% from a year earlier, and diluted EPS of $2.87 versus $2.64. Ending assets under management reached $1.77 trillion, but the firm recorded net client outflows of $7.9 billion and a $28.5 million restructuring charge tied to a July workforce action. For shareholders, the headline profit and revenue measures improved, while the firm returned $442 million through dividends and buybacks.
Net revenues were $1,893.5 million, up 6.0% from Q3 2024; net income attributable to the firm was $646.1 million, up 7.1%
Diluted EPS was $2.87 versus $2.64 a year earlier; adjusted diluted EPS was $2.81 versus $2.57
Ending AUM was $1.77 trillion, including $90.4 billion of AUM growth in the quarter and a $9.2 billion addition of managed account model delivery assets
Net client outflows were $7.9 billion, and a $28.5 million restructuring charge was recorded for severance tied to the July workforce action
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.
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
T. Rowe Price reported second-quarter 2025 results on August 1, 2025. Net revenues were $1.72 billion, down 0.6% from a year earlier, while GAAP diluted EPS rose 6.2% to $2.24, helped by higher non-operating income. Adjusted diluted EPS of $2.24 was down 0.9% from $2.26, and the firm had net client outflows of $14.9 billion, so shareholders see mixed headline results.
Net revenues of $1,723.3 million, down 0.6% from $1,733.3 million in Q2 2024
GAAP diluted EPS of $2.24 versus $2.11 a year earlier; adjusted diluted EPS of $2.24 versus $2.26
Operating expenses rose 6.5% to $1,245.0 million, while ending AUM reached $1.68 trillion
Full-year 2025 GAAP effective tax rate estimated at 23.5% to 27.5%
T. Rowe Price reported first-quarter 2025 results on May 2, 2025. Net revenues rose 0.8% from a year earlier to $1,763.9 million, but diluted earnings per share fell 13.7% to $2.15 and net income fell 14.5% to $490.5 million, as non-operating income dropped. Assets under management ended the quarter at $1.57 trillion after $8.6 billion in net outflows, which matters to shareholders because fee revenue depends on the size of managed assets.
Net revenues of $1,763.9 million, up 0.8% from Q1 2024 and down 3.3% from Q4 2024
Diluted EPS of $2.15 versus $2.49 a year earlier; adjusted diluted EPS of $2.23 versus $2.38
Ending AUM of $1.57 trillion and net client outflows of $8.6 billion in the quarter
Returned $506 million to stockholders through the quarterly dividend and stock repurchases; dividend per share $1.27 versus $1.24 a year earlier
T. Rowe Price reported fourth-quarter 2024 net revenues of $1.82 billion, up 11.1% from a year earlier, and diluted earnings per share of $1.92, compared with $1.90 in the fourth quarter of 2023. Net client outflows were $19.3 billion in the quarter and $43.2 billion for the full year, and assets under management ended 2024 at $1.61 trillion. The financial results are unaudited, with the audit by KPMG expected to be completed in mid-February 2025.
Q4 2024 net revenues of $1.82 billion, up 11.1% from Q4 2023 and 2.2% from Q3 2024.
Q4 2024 diluted EPS of $1.92 versus $1.90 a year earlier; adjusted diluted EPS of $2.12 versus $1.72.
Net client outflows of $19.3 billion in Q4 2024 and $43.2 billion for 2024; ending AUM of $1.61 trillion.
Returned $355 million to stockholders in Q4 2024; expects 2025 effective tax rate of 23.0% to 27.0% on a U.S. GAAP basis.
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.
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 T. Rowe Price filing is on SEC EDGAR ↗. 8-K briefs of other companies →