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Actionable news in WDR: WADDELL & REED FINANCIAL Inc,

DEPARTURE OF DIRECTORS OR CERTAIN

At the 2016 annual meeting of stockholders of Waddell& Reed Financial,Inc. (the Company) held on April13, 2016 (the Annual Meeting), the Companys stockholders approved the Waddell& Reed Financial,Inc. 1998 Stock Incentive Plan, as amended and restated (the Stock Incentive Plan), including the material terms of the performance goals under which compensation may be paid, which is intended to meet the performance-based compensation exception under Section162(m)of the Internal Revenue Code, as amended.

A description of the material terms of the Stock Incentive Plan is set forth under the heading Proposal 3 to Approve the Waddell& Reed Financial,Inc. 1998 Stock Incentive Plan, as amended and restated in the Companys proxy statement filed with the Securities and Exchan ge Commission on February26, 2016, which description is hereby incorporated by reference. In addition, a copy of the Stock Incentive Plan is included with this Form8-K as Exhibit10.1 and is incorporated herein by reference, and the foregoing summary is qualified in its entirety by reference to the terms and provisions of the Stock Incentive Plan.

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