<SEC-DOCUMENT>0001193125-18-242737.txt : 20180808
<SEC-HEADER>0001193125-18-242737.hdr.sgml : 20180808
<ACCEPTANCE-DATETIME>20180808161309
ACCESSION NUMBER:		0001193125-18-242737
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180807
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180808
DATE AS OF CHANGE:		20180808

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STIFEL FINANCIAL CORP
		CENTRAL INDEX KEY:			0000720672
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				431273600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09305
		FILM NUMBER:		181001489

	BUSINESS ADDRESS:	
		STREET 1:		ATTN: JAMES G. LASCHOBER
		STREET 2:		501 N. BROADWAY
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63102-2102
		BUSINESS PHONE:		314-342-2000

	MAIL ADDRESS:	
		STREET 1:		ATTN: JAMES G. LASCHOBER
		STREET 2:		501 N. BROADWAY
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63102-2102
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d573178d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant To Section&nbsp;13 OR 15(d) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): August&nbsp;7, 2018 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>STIFEL FINANCIAL CORP. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-09305</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">43-1273600</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(IRS Employer<BR>Identification No.)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>One Financial Plaza </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>501 North Broadway </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>St.
Louis, Missouri 63102-2102 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices, including zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code): (314) <FONT STYLE="white-space:nowrap">342-2000</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT
STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On August&nbsp;8, 2018 Stifel Financial Corp. (&#147;Stifel&#148; or the
&#147;Company&#148;) announced a number of organizational changes. Effective August&nbsp;7, 2018, David Sliney was appointed Chief Operating Officer and Jim Marischen was appointed Chief Financial Officer. Mr.&nbsp;Sliney&nbsp;has been a Senior Vice
President of Stifel since May 2003. Mr.&nbsp;Marischen&nbsp;has served as Senior Vice President and Chief Risk Officer of Stifel since January 2014. During 2015, Mr.&nbsp;Marischen was named Stifel&#146;s Chief Accounting Officer. Mr.&nbsp;Marischen
served as Executive Vice President and Chief Financial Officer of Stifel Bank&nbsp;&amp; Trust from February 2008 to January 2014. Mr.&nbsp;Marischen will take over the Chief Financial Officer role from Jim Zemlyak, who will now focus exclusively on
leading the Stifel&#146;s Wealth Management business, which he has been the head of since 2011. Mr.&nbsp;Zemlyak will remain <FONT STYLE="white-space:nowrap">Co-President</FONT> of Stifel with Victor Nesi, who will continue to lead Stifel&#146;s
Institutional Group. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;8.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Other Events. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information set forth in Item&nbsp;5.02 above is incorporated herein by reference. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Description of Exhibit</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP ALIGN="center">99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d573178dex991.htm">Press release dated August&nbsp;8, 2018 </A></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">STIFEL FINANCIAL CORP.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: August&nbsp;8, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Ronald J. Kruszewski</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ronald J. Kruszewski</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>Chairman and Chief Executive Officer</I></TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d573178dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g573178snap-stifelnews.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FOR IMMEDIATE RELEASE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STIFEL ANNOUNCES ORGANIZATIONAL CHANGES TO BETTER ALIGN BUSINESS WITH </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MARKET&nbsp;OPPORTUNITIES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ST. LOUIS,
August&nbsp;8, 2018</B> &#150; Stifel Financial Corp. (NYSE: SF) today announced a number of organizational changes that will better align the firm&#146;s management structure with its ongoing growth strategies. Effective August&nbsp;7, 2018, David
Sliney was appointed Chief Operating Officer, and Jim Marischen was appointed Chief Financial Officer. Mr. Marischen will take over the CFO role from James Zemlyak, who will now focus exclusively on leading the firm&#146;s Global Wealth Management
business, which he has been the head of since 2011. Mr. Zemlyak will remain Co-President of Stifel Financial Corp. with Victor Nesi, who will continue to lead Stifel&#146;s Institutional Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;As we look toward our future, we need to continue developing our organizational structure in order to ensure continued success,&#148; said Ron
Kruszewski, Chairman and CEO of Stifel Financial Corp. &#147;With these appointments, we&#146;ve better aligned our talented management team with our businesses, enabling Stifel to continue on a strong growth trajectory.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Global Wealth Management is our largest and most profitable business unit,&#148; said Mr. Kruszewski. &#147;Over the past eight years, under Jim
Zemlyak&#146;s guidance, this business has increased its total client assets by nearly 150%, and our balance sheet has increased by 400%. Given Jim&#146;s successful track record and the importance of our wealth management franchise to the future
growth of the firm, I&#146;m highly optimistic about what we can accomplish with Jim&#146;s focus exclusively on wealth management.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the
announced organizational changes, Mr. Sliney&#146;s appointment as Chief Operating Officer of Stifel Financial Corp. will give him oversight of technology, operations, and platform development. This is the latest step in Mr. Sliney&#146;s long and
distinguished career at Stifel, which he started in 1992. Since 2003, he has served as Senior Vice President of Strategic Planning, Technology, and Operations at Stifel Financial Corp. Prior to that role, Mr. Sliney worked in the firm&#146;s Equity
Syndicate department and as a trader in the Fixed Income department. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;The growth and success of Stifel&#146;s business over the past two decades
would not have been possible without David&#146;s significant contributions,&#148; said Mr. Kruszewski. &#147;Not only has he played a key role in the strategic direction of the firm over the past 20 years, but David has overseen the integration of
our acquisitions as well as the development of our technology and back-office systems.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr. Marischen will take over the CFO role from Mr. Zemlyak,
who had served as CFO since 1999. As CFO, Mr. Marischen has principal authority over accounting matters. He most recently served as Stifel Financial Corp.&#146;s Chief Accounting Officer and Chief Risk Officer with responsibilities including
oversight of corporate accounting, financial planning and analysis, tax, treasury, and enterprise risk management. Prior to his roles as CAO and CRO, which he assumed in 2015, he was Chief Financial Officer of Stifel Bank &amp; Trust from 2008
through 2015. Prior to joining Stifel, he worked in public accounting at KPMG. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Jim has played an integral role in the build-out of our finance
department over the past decade,&#148; said Mr. Kruszewski. &#147;As Stifel has grown into a premier mid-sized investment bank and wealth management firm, the development of our risk management and finance departments has been paramount to our
success. Jim&#146;s role in leading these operations gives him the experience and understanding to be a highly effective CFO.&#148; </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stifel Company Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and
financial services business through several wholly owned subsidiaries. Stifel&#146;s broker-dealer clients are served in the United States through Stifel, Nicolaus &amp; Company, Incorporated; Keefe Bruyette &amp; Woods, Inc.; Miller Buckfire &amp;
Co., LLC; and Century Securities Associates, Inc., and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company&#146;s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment
advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank &amp; Trust offers a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and
Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit www.stifel.com. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor Relations Contact </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joel Jeffrey, (212) 271-3610
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>investorrelations@stifel.com </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media Relations
Contact </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Neil Shapiro, (212) <FONT STYLE="white-space:nowrap">271-3447</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>shapiron@stifel.com </U></P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g573178snap-stifelnews.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g573178snap-stifelnews.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MLD@ XZ\@@]JNHZ<Z?-%:D4U.%3EDSV"N([ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H \G^/%U+
M'X<TRU4D1S7)9_?:O'\Z[,(O>;.3%.T4CL?AVT#?#W0_L^-@ME!Q_>_B_7-8
M5K^T=S:C\".GK(U,^ZTF*YUJPU-F(ELUD50!]X. #G\JI2LFB7&[3/,M3;Q[
MK_CG5V\,7[6NG6DBV^Z5P(MRJ-V 0<G).<"NJ/LH07.M3EE[24WR/0OIHGQ9
MP ?$NFCZQ@_^R4N:AV*Y:W<X[Q;XN^(/@[5(]/OM=MYI9(A*## I !)&.5'I
M6]*G2J*Z1C4J5:;LV=586/Q3U'3+6^A\2:>([B)955H@" PR,_)[U@W03M8U
M2K-73(=0T[XP6UN[Q:M:7.T9VP! Q^FY13C+#M["<:ZZG1^"'U?Q!\/[26]U
M:Z@OVEDWSJJ;^'8;2&4C].U95>6%31:&M+FE#5ZGEVN>//&^C>)[S1!KGFM!
M/Y*R&WC&X$\'I[BNR%&E*'-8Y95:D9<MSW;1M.O=/MR+[5I]0F8#+2(BA3WP
M% _7->=)I[*QWQ32U9S'CR/7M'T#4-;TKQ#<QM;_ +S[.\4;)MR 0/ER,9]3
M6U'EE)1DC*JI1BY)G ^#/$WQ!\:7=U;66OV\#6\8=C- N""<<86NBK3I4DFT
M<]*=6IHF=>="^*@Z>*=-/_;#_P"PK'GH_P IMRUNYGV$WQ!L/'^C:9K^J+)8
MW+.X:W50DFQ22IX!';BJ?LG3;BM24ZJFE)Z'5>,K36[31]1U;2M?N;>2WB,R
MP&*-H\*,D<KGMZUC2<6U&2-:BDDVF>8^#O%WC[QCJTFG6FOPP2)"92TMNI!
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M] -53^-$U/A9XA\#/^1VN?\ KR;_ -"6O0Q?P'#A?C/H:O,/1(&L[=KY+TQ
MW,<;1+)W"D@D?FH_*G=VL*RO<I>)1_Q2NKC_ *<Y?_0#50^)$S^%GA7P-_Y'
MJ7_KR?\ ]"2O0Q?P(X<+\9]$UYAZ(4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M3WH^(]#4<ZS8#_MY3_&O-Y)=CT.>/<98>)='U74Y-/T^^BNIXH_,?R3N51G
MRPXS[4W"45=H2G&3LAWB3_D5M7_Z\Y?_ $ T0^)!/X6>%? W_D>9O^O)_P#T
M)*]#%_ CAPOQGT37F'HA0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M'D'Q.^%\5U#/KV@PA+E 7N+9!Q(.[*.S>W?Z]>W#XAI\LCCKT$US1.7^#/BB
M;2_$HT260FRU#(53T24#((^H&/RK;%4TX\RW1EAIM2Y3Z'KS#T0H ^>OCI_R
M.MI_UXK_ .AO7I8/X&>=BOC1[;X4_P"10T;_ *\XO_0!7!4^-G=3^!&Q4%A0
M!\Q>.?\ DKE]_P!?D7\EKUJ/\$\NK_%/IVO)/4.9^(?_ "3W7?\ KU:M:/\
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M.%^,^B:\P]$* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M^%GA/P../'4H];)__0DKT,7\".'"_&?15>8>B% !0 4 % !0 4 % !0 4 %
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MD.\8?Z-\?=)E)P'>V;/XX_I12UH-!4TKHJVL1^)GQAEG8%]*LFR?3RD.%'_
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M2^#&R6TMV8G)9KB0DG\ZV^L5%U,?J]/L;>D>%M/T-T-C+>*B+M6)[N1XP/\
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M9![%=V'_  JC2O\ H,ZW_P"!8_\ B:/;R[(/8KNP_P"%4:5_T&=;_P# L?\
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M31[>79![%=V'_"J-*_Z#.M_^!8_^)H]O+L@]BN[#_A5&E?\ 09UO_P "Q_\
M$T>WEV0>Q7=A_P *HTK_ *#.M_\ @6/_ (FCV\NR#V*[L/\ A5&E?]!G6_\
MP+'_ ,31[>79![%=V'_"J-*_Z#.M_P#@6/\ XFCV\NR#V*[L/^%4:5_T&=;_
M / L?_$T>WEV0>Q7=A_PJC2O^@SK?_@6/_B:/;R[(/8KNP_X51I7_09UO_P+
M'_Q-'MY=D'L5W8?\*HTK_H,ZW_X%C_XFCV\NR#V*[L/^%4:5_P!!G6__  +'
M_P 31[>79![%=V'_  JC2O\ H,ZW_P"!8_\ B:/;R[(/8KNP_P"%4:5_T&=;
M_P# L?\ Q-'MY=D'L5W8?\*HTK_H,ZW_ .!8_P#B:/;R[(/8KNP_X51I7_09
MUO\ \"Q_\31[>79![%=V'_"J-*_Z#.M_^!8_^)H]O+L@]BN[#_A5&E?]!G6_
M_ L?_$T>WEV0>Q7=A_PJC2O^@SK?_@6/_B:/;R[(/8KNP_X51I7_ $&=;_\
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M-;6$Z$7N3#X4:2!@:SK8 _Z>Q_\ $U/MY=D/V*[L;)\)-'E0QR:OK+H>JM=
M@_AMIK$26R0>QB^K*W_"E/#/_/UJ7_?U/_B*KZU4)^KP+$7PCT:",1Q:MK,:
M#HJW0 'X;:EXB3W2*5&*V8__ (51I7_09UO_ ,"Q_P#$TO;R[(/8KNP_X51I
57_09UO\ \"Q_\31[>79![%=V?__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
