Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Mr. Peregrine C. de M. Broadbent On October 11, 2007, we announced the appointment of Peregrine C. de M. Broadbent to the positions of Executive Vice President and Chief Financial Officer of Jefferies Group, Inc. and Jefferies & Company, Inc. Mr. Broadbent will also serve as our principal accounting officer. It is expected that Mr. Broadbent will commence serving in his new roles during the quarter. A copy of the press release announcing the appointment is attached hereto as exhibit 99 and is incorporated herein by reference.
Mr. Broadbent, 43, has been Managing Director, Head of Institutional Controllers (Fixed Income, Equity and Investment Banking) of Morgan Stanley since November 2003 and was Morgan Stanley's Managing Director, Head of Fixed Income Infrastructure (Operations and Controllers) from March 2002 through November 2003.
Mr. Broadbent's employment agreement with us covers the period through December 31, 2008 and provides for an annual salary of $1,000,000 and a bonus of $1,300,000 for calendar year 2007 and a bonus range of $2,000,000 to $2,750,000 for calendar year 2008 (35% payable in restricted stock units, vesting 20% on each anniversary of the date of grant). Upon commencement of employment, Mr. Broadbent will also be granted $6,350,000 of restricted stock units, vesting 20% on each anniversary of the date of grant. Item 9.01. Financial Statements and Exhibits

The following exhibit is filed with this report:

Number Exhibit
99 October 11, 2007 press release.