2006 Senior Management Bonus Formulas

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section l3 and l5(d) of the
Securities Exchange Act of l934
 
January 4, 2006
Date of report (date of earliest event reported)
 
Raymond James Financial, Inc.
(Exact Name of Registrant as Specified in Its Charter)
 
Florida
(State or Other Jurisdiction of Incorporation)
 
1-9109
 
59-1517485
(Commission File Number)
 
(IRS Employer Identification No.)
 
880 Carillon Parkway St. Petersburg, FL 33702
(Address of Principal Executive Offices)  (Zip Code)
 
(727) 567-1000
(Registrant’s Telephone Number, Including Area Code)
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
  
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01 Entry into a Material Definitive Agreement.

The Corporate Governance, Nominating and Compensation Committee, in accordance with the Senior Management Compensation Plan approved by the Company’s shareholders in 2005, has approved the following fiscal 2006 bonus formulas for the executive officers named below.

Executive Officer
  
Bonus Formula
  
       
Thomas A. James
  
1.1% of total Company pre-tax profits.
  
Chairman and Chief Executive Officer - Raymond James Financial, Inc. (“RJF”)
      
       
Chet Helck
President and Chief Operating Officer - RJF
  
0.83% of total Private Client Group (“PCG”) pre-tax profits per PCG Contribution Report*;
 
plus, participation in a bonus pool equal to 0.75% of the Company’s pre-tax profits (the “Company Performance Bonus Pool”).
 
       
Richard G. Averitt, III
Chairman and Chief Executive Officer - Raymond James Financial Services, Inc. (“RJFS”)
  
0.83% of pre-tax profits of RJFS per PCG Contribution Report*;
 
plus, participation in the Company Performance Bonus Pool.
  
       
Richard K. Riess
Executive Vice President - RJF
  
3.2% of pre-tax profits of Eagle Asset Management, Inc., plus
 
   
2.25% of pre-tax profits of Heritage Asset Management, Inc. and RJA's Asset Management Services division;
 
plus, participation in the Company Performance Bonus Pool.
  
       
Van C. Sayler
Senior Vice President,
Fixed Income - Raymond James & Associates, Inc. (“RJA”)
  
A portion of the pre-tax profits of RJA's Fixed Income department equal to:
 
   6.0% on the first $16 million of such profits, plus,
   3.75% on such profits exceeding $16 million;
 
plus, participation in the Company Performance Bonus Pool.
  
       
Jeffrey E. Trocin
Executive Vice President,
Equity Capital Markets Group - RJA
  
A portion of the pre-tax profits of RJA's Equity Capital Markets, including international institutional equity sales equal to:
 
6.0% on the first $16 million of such profits, plus,
3.75% on such profits exceeding $16 million;
 
plus, participation in the Company Performance Bonus Pool.
  
       
Dennis W. Zank
President RJA
  
2.1% of the pre-tax profits of RJA per PCG contribution report*;
 
plus, participation in the Company Performance Bonus Pool.
  

 
 
 
*   The PCG Contribution Report adjusts the Private Client Group financial statement pre-tax profits for items related to the private client group
     sales force, primarily a credit for interest income on cash balances arising from private clients, and also includes adjustments to actual
     clearing costs, mutual fund revenues and expenses, credit for correspondent clearing, insurance agency and certain asset management
     profits, accruals for benefit expenses, profits generated by certain private client support operations and other adjustments. These
     adjustments may include or exclude items to measure specific objectives, such as losses from discontinued operations, extraordinary,
     unusual or nonrecurring gains and losses, the cumulative effect of accounting changes, acquisitions or divestitures, and foreign exchange
     impacts.

 



SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
RAYMOND JAMES FINANCIAL, INC.
 
 
 
 
Date:  January 4, 2006
By:
/s/ Thomas A. James
 
 
Thomas A. James
Chairman and Chief Executive Officer
 
 
 
 
By:
/s/ Jeffrey P. Julien
 
 
Jeffrey P. Julien
 
 
Senior Vice President - Finance
 
 
and Chief Financial Officer