DFIN details leadership changes and vote results
Rhea-AI Filing Summary
Donnelley Financial Solutions is updating its leadership team and reporting results from its recent stockholder meeting. Craig Clay, Executive Vice President and President of Global Capital Markets, will transition out of his role and serve as an advisor through December 31, 2026, receiving previously disclosed severance benefits under the Executive Severance Plan.
The company appointed Ken Napolitano as its first Chief Revenue Officer, effective June 1, 2026, and will move Eric Johnson to a new role as President, Key Accounts. At the May 13, 2026 Annual Meeting, all nine director nominees were elected, stockholders approved the advisory vote on executive compensation, and ratified Deloitte & Touche LLP as independent auditor for fiscal 2026.
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Insights
DFIN refreshes commercial leadership while maintaining strong stockholder support.
DFIN is reshaping its go-to-market leadership by appointing Ken Napolitano as Chief Revenue Officer and creating a President, Key Accounts role while Craig Clay transitions out. This concentrates commercial responsibility and may influence how the company drives and manages future revenue growth.
Stockholder voting support was broad-based, with all director nominees elected, executive pay approved, and Deloitte & Touche ratified as auditor for 2026. These outcomes indicate alignment between the board and investors in the current strategic direction, while the new CRO role focuses on scaling sales execution in the financial data and technology sector.
8-K Event Classification
Key Figures
Key Terms
Executive Severance Plan financial
Annual Meeting of Stockholders financial
Chief Revenue Officer financial
independent registered public accounting firm financial
forward-looking statements regulatory
FAQ
What leadership changes did Donnelley Financial Solutions (DFIN) announce in this 8-K?
When will DFIN’s new Chief Revenue Officer, Ken Napolitano, begin his role?
What is the timeline and severance treatment for Craig Clay’s departure from DFIN?
How did DFIN stockholders vote on the director nominees at the 2026 Annual Meeting?
Did DFIN stockholders approve the advisory vote on executive compensation?
Which audit firm did DFIN stockholders ratify for fiscal year 2026?
What business focus does DFIN highlight in connection with these leadership changes?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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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:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On May 14, 2026, Donnelley Financial Solutions, Inc. (the “Company”) announced that Craig Clay, a named executive officer, will transition out of his current position as the Company’s Executive Vice President, President of Global Capital Markets. Mr. Clay will serve as an advisor to the Company through December 31, 2026, when his employment with the Company will terminate and he will receive his contractual, and previously disclosed, payments and benefits in accordance with the Company’s Executive Severance Plan.
Item 5.07. Submission of Matters to a Vote of Security Holders
(a) Donnelley Financial Solutions, Inc. (the “Company”) held its Annual Meeting of Stockholders on May 13, 2026.
(b) The following matters were voted upon at the Annual Meeting of Stockholders:
1. The election of the nominees for Directors was voted on by the Stockholders. The nominees, all of whom were elected, were Luis A. Aguilar, Joseph L. Binz, Richard L. Crandall, Juliet S. Ellis, Gary G. Greenfield, Daniel N. Leib, Lois M. Martin, Chandar Pattabhiram and Ayman Sayed. The Inspector of Election certified the following vote tabulations:
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For |
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Against |
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Abstain |
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Non-Votes |
Aguilar |
20,889,431 |
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1,929,227 |
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4,003 |
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1,142,670 |
Binz |
22,806,179 |
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11,666 |
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4,816 |
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1,142,670 |
Crandall |
22,030,242 |
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788,410 |
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4,009 |
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1,142,670 |
Ellis |
22,162,073 |
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480,520 |
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180,068 |
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1,142,670 |
Greenfield |
22,695,843 |
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122,788 |
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4,030 |
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1,142,670 |
Leib |
22,806,133 |
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11,921 |
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4,607 |
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1,142,670 |
Martin |
22,152,891 |
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666,027 |
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3,743 |
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1,142,670 |
Pattabhiram |
21,997,524 |
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644,262 |
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180,875 |
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1,142,670 |
Sayed |
22,768,102 |
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48,460 |
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6,099 |
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1,142,670 |
2. The Stockholders voted to approve the advisory resolution on executive compensation. The Inspector of Election certified the following vote tabulation:
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Against |
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Abstain |
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Non-Votes |
22,326,855 |
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486,473 |
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9,333 |
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1,142,670 |
3. The Stockholders voted to ratify the Audit Committee’s appointment of Deloitte & Touche LLP as the independent registered public accounting firm to audit the financial statements of the Company for fiscal year 2026. The Inspector of Election certified the following vote tabulation:
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Against |
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Abstain |
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Non-Votes |
23,631,214 |
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318,516 |
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15,601 |
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Item 8.01. Other Events
On May 14, 2026, the Company announced that Ken Napolitano will join the Company on June 1, 2026 as the Company’s Chief Revenue Officer. Mr. Napolitano has experience scaling commercial organizations within the financial data and technology sector.
Information in this Item 8.01 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as otherwise expressly stated in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits. The following material is filed as an exhibit to this Current Report on Form 8-K:
Exhibit No. |
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Description |
99.1 |
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Press Release issued by Donnelley Financial Solutions, Inc. on May 14, 2026 |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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DONNELLEY FINANCIAL SOLUTIONS, INC. |
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Date: May 14, 2026 |
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By: |
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/s/ DAVID A. GARDELLA |
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David A. Gardella |
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Executive Vice President and Chief Financial Officer |
Exhibit 99.1
DFIN Announces Leadership Changes to Advance Sales Transformation
Chicago – May 14, 2026 – DFIN (NYSE: DFIN), a leading provider of software and tech-enabled solutions for financial reporting and capital markets transactions, is pleased to announce the appointment of Ken Napolitano as Chief Revenue Officer.
“We are pleased to welcome Ken to DFIN as our first Chief Revenue Officer,” said Daniel Leib, President and Chief Executive Officer. “As we enter the next phase of our growth strategy, Ken’s deep experience scaling revenue organizations and driving commercial transformation in the financial data and technology sector makes him the right leader for this moment. I look forward to the positive impact he will have on our business and our clients.”
Ken brings more than 25 years of experience scaling commercial organizations within the financial data and technology sector. Most recently, he served as Chief Revenue Officer of Preqin, where he led a global sales team and was a central figure in the executive committee prior to the company’s acquisition. Before that, he served as EVP and Chief Sales Officer at Wheels Up, where he grew the business from $200 million to $1.5 billion in revenue and helped lead the company through its IPO. His earlier career includes nearly two decades at Bloomberg LP, where he rose to lead an enterprise sales organization responsible for almost $1 billion in annual revenue. Ken holds an MBA with Distinction from Cornell University’s S.C. Johnson Graduate School of Management and a Bachelor of Business Administration from Adelphi University. Ken will start on June 1, 2026.
In connection with this appointment, Eric Johnson, who currently oversees our Global Investment Companies business, will transition to a newly created role President, Key Accounts, bringing our full breadth of DFIN’s solutions and expertise to bear on customers’ most critical needs. Craig Clay, President of Global Capital Markets will be departing the Company. We thank him for his dedication and the value he has brought to DFIN over his many years of service.
About DFIN
DFIN is the leading global provider of compliance and regulatory software and services, fueling end-to-end investment company regulatory compliance needs, complex capital markets transactions, and essential financial reporting at every stage of the corporate lifecycle. Our mission is simple: to empower clients with the software and support they need to stay ahead of public company filings, investment company filings, private reporting, and beneficial owner reporting, while enhancing workflow efficiency. We bring deep expertise to every engagement, driving transparency and collaboration built on confidence and reliability. Learn more at DFINsolutions.com or follow us on LinkedIn.
Forward-Looking Statements
This news release includes certain “forward-looking statements” within the meaning of, and subject to the safe harbor created by, Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the business, strategy and plans of DFIN and its expectations relating to future financial condition and performance. Statements that are not historical facts, including statements about DFIN management’s beliefs and expectations, are forward-looking statements. Words such as “believes,” “anticipates,” “estimates,” “expects,” “intends,” “aims,” “potential,” “will,” “would,” “could,” “considered,” “likely,” “estimate” and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. While DFIN believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond DFIN’s control. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon future circumstances that may or may not occur. Actual results may differ materially from DFIN’s current expectations depending upon a number of factors affecting the business and risks associated with the performance of the business. These factors include such risks and uncertainties detailed in DFIN periodic public filings with the SEC, including but not limited to those discussed under “Special Note Regarding Forward-Looking Statements” and in Part I, Item 1A. Risk Factors of DFIN’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, those discussed under “Special Note Regarding Forward-Looking Statements” in DFIN’s Quarterly Reports on Form 10-Q and in other investor communications of DFIN’s from time to time. DFIN does not undertake to and specifically declines any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect future events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.