filings.toolsCover and table of contents
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Cover and table of contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended September 30, 2021
Or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number 1-9109
RAYMOND JAMES FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
| Florida | 59-1517485 | |||||||
| (State or other jurisdiction of | (I.R.S. Employer | |||||||
| incorporation or organization) | Identification No.) |
| 880 Carillon Parkway | St. Petersburg | Florida | 33716 | ||||||||
| (Address of principal executive offices) | (Zip Code) |
(727) 567-1000
Registrant’s telephone number, including area code
Securities registered pursuant to Section 12(b) of the Exchange Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Common Stock, $.01 par value | RJF | New York Stock Exchange |
| Securities registered pursuant to Section 12(g) of the Exchange Act: | None |
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
| Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of March 31, 2021, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant computed by reference to the price at which the common stock was last sold was $15,122,502,109.
The number of shares outstanding of the registrant’s common stock as of November 18, 2021 was 206,161,694.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the definitive Proxy Statement to be delivered to shareholders in connection with the Annual Meeting of Shareholders to be held February 24, 2022 are incorporated by reference into Part III.
RAYMOND JAMES FINANCIAL, INC.
TABLE OF CONTENTS
| PAGE | |||||||||||
| PART I. | |||||||||||
| Item 1. | Business | 3 | |||||||||
| Item 1A. | Risk factors | 20 | |||||||||
| Item 1B. | Unresolved staff comments | 34 | |||||||||
| Item 2. | Properties | 34 | |||||||||
| Item 3. | Legal proceedings | 34 | |||||||||
| Item 4. | Mine safety disclosures | 35 | |||||||||
| PART II. | |||||||||||
| Item 5. | Market for registrant’s common equity, related shareholder matters and issuer purchases of equity securities | 35 | |||||||||
| Item 6. | Reserved | 36 | |||||||||
| Item 7. | Management’s discussion and analysis of financial condition and results of operations | 37 | |||||||||
| Item 7A. | Quantitative and qualitative disclosures about market risk | 76 | |||||||||
| Item 8. | Financial statements and supplementary data | 77 | |||||||||
| Item 9. | Changes in and disagreements with accountants on accounting and financial disclosure | 152 | |||||||||
| Item 9A. | Controls and procedures | 152 | |||||||||
| Item 9B. | Other information | 154 | |||||||||
| Item 9C. | Disclosure regarding foreign jurisdictions that prevent inspection | 154 | |||||||||
| PART III. | |||||||||||
| Item 10. | Directors, executive officers and corporate governance | 154 | |||||||||
| Item 11. | Executive compensation | 154 | |||||||||
| Item 12. | Security ownership of certain beneficial owners and management and related shareholder matters | 154 | |||||||||
| Item 13. | Certain relationships and related transactions, and director independence | 154 | |||||||||
| Item 14. | Principal accountant fees and services | 154 | |||||||||
| PART IV. | |||||||||||
| Item 15. | Exhibits and financial statement schedules | 154 | |||||||||
| Item 16. | Form 10-K summary | 156 | |||||||||
| Signatures | 157 |
RAYMOND JAMES FINANCIAL, INC. AND SUBSIDIARIES
PART I