Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers. OnJanuary 9, 2023 ,Albert J. Ko was elected as a director ofLPL Financial Holdings Inc. (the "Company") by the Company's board of directors (the "Board"), effective immediately. The Board has determined thatMr. Ko is independent under applicable standards of theNasdaq Stock Market andSecurities and Exchange Commission .Mr. Ko will be entitled to a pro-rated annual service retainer under the Company's non-employee director compensation policy ("Policy"), as described in the compensation section of the Company's proxy statement filed with theSecurities and Exchange Commission onApril 8, 2022 . He will be awarded cash and restricted shares of the Company's common stock onFebruary 1, 2023 , in amounts determined under the Policy. The restricted shares will vest in full onMay 10, 2023 .
Item 7.01 Regulation FD Disclosure.
A copy of the press release issued by the Company in connection with
Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act. Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release datedJanuary 11, 2023
("Albert Ko Elected to
Board of Directors") 104 Cover Page Interactive Data File
(embedded within the Inline XBRL document).
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