UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
June 9, 2009
LEGG MASON, INC.
(Exact name of registrant as specified in its charter)
Maryland
1-8529
52-1200960
(State or Other Jurisdiction
of Incorporation)(Commission File
No.)(IRS Employer
Identification No.)100 Light Street, Baltimore, Maryland
21202
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(410) 539-0000
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:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On June 9, 2009, the Board of Directors elected Barry W. Huff to serve as a non-employee director of the Company, increasing the size of the Board from thirteen to fourteen. Mr. Huff will serve as a member of the class whose term expires at the 2009 Annual Meeting of Stockholders. Until May 2008, Barry W. Huff served as a partner of Deloitte & Touche USA LLP ("Deloitte"), a public accounting firm that provides audit, tax, consulting and advisory services. Between April 1, 2008 and May 31, 2008, Legg Mason and its subsidiaries received consulting, tax and compliance services, and certain funds managed by one of our subsidiaries received audit services, from Deloitte and its affiliates and Legg Mason, its subsidiaries and the funds incurred customary fees for those services in the total amount of $401,000. Mr. Huff was not personally involved in any of the services provided to us, our subsidiaries or the funds. Mr. Huff will be compensated as a non-employee director in accordance with the Company's non-employee director compensation policies and the Non-Employee Director Equity Plan as described in the Company's 2008 Proxy Statement. A copy of the related press release is attached hereto as Exhibit 99 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Subject Matter
99
Press Release of Legg Mason, Inc. dated June 9, 2009
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.
LEGG MASON, INC.
(Registrant)
Date: June 9, 2009
By:
/s/ Thomas P. Lemke
Thomas P. Lemke
Senior Vice President and General
Counsel2
LEGG MASON, INC.
EXHIBIT INDEX
Exhibit No.
Subject Matter
99
Press Release of Legg Mason, Inc. dated June 9, 2009
3