Stephens Draws Insurance Commission from Dillard's


Stephens Draws Insurance Commission from Dillard's
Dillard’s headquarters at 1600 Cantrell Road in Little Rock.  (Stephanie Dunn)

Dillard’s annual proxy statement provides financial details about some transactions it has with executive officers, directors and others, according to U.S. Securities & Exchange Commission rules.

In Dillard’s latest proxy, which was released last month, the Little Rock retailer reported that in Dillard’s fiscal 2021, Stephens Insurance LLC of Little Rock received $1.2 million in commissions in connection with the sale of voluntary insurance products to Dillard’s workers. The commission amount is down from $1.4 million a year ago.

Stephens Insurance is an affiliate of independent financial services firm Stephens Inc. of Little Rock. And Stephens Insurance is wholly owned directly by Warren A. Stephens, the chairman, president and CEO of Stephens Inc. He is a director of Dillard’s.