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SWS Group announces resignation of CFO Stacy M. Hodges

SWS Group announced that Executive Vice President, CFO and Treasurer Stacy M. Hodges has submitted her resignation effective September 30 to accept an executive position with a North Texas financial services company. The Company plans to immediately commence a search process to fill the position on a permanent basis and expects to name an interim CFO by September 30. The Company noted that there were no disagreements between Hodges and SWS Group's Board of Directors or management and that her departure is not related to the Company's operations, policies, practices or any issues regarding the integrity of SWS Group's financial statements or accounting policies and practices.