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Waddell & Reed terminates right agreement, names CFO


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Waddell & Reed terminates right agreement, names CFO

On Feb. 15, Waddell & Reed Financial Inc. terminated its rights agreement with Computershare Trust Co. NA as rights agent.

The company entered into an amendment to the plan that caused the expiration of the rights to purchase one one-thousandth of a share of series B junior participating preferred stock from 5 p.m ET on April 28, 2019, to 5 p.m ET on Feb. 15, 2018.

Waddell & Reed Financial's board has appointed Benjamin Clouse as senior vice president and CFO to succeed Brent Bloss.

Clouse was vice president and chief accounting officer of Waddell & Reed Financial from February 2017 to February 2018 and vice president and principal accounting officer from March 2016 to February 2017.