8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 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)

August 24, 2011

SWS GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	000-19483	75-2040825
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
	1201 Elm Street, Suite 3500 Dallas, Texas 75270
	(Address of principal executive offices and zip code)

(214) 859-1800

(Registrant’s telephone

number, including area code)

N/A

(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 (see General Instruction A.2. below):

¨ 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 Arrangement of Certain Officers.

On August 24, 2011, Stacy M. Hodges was named Chief Financial Officer and Treasurer of SWS Group, Inc. (the “Company”). Ms. Hodges has served as Interim Chief Financial Officer and Treasurer since October 12, 2010.

Ms. Hodges, 48, has served as Executive Vice President since February 1999. She served as Treasurer and Chief Financial Officer from August 1998 to August 2002. Ms. Hodges was Controller from September 1994 to August 1998. She served as Director of Southwest Securities, Inc. (“Southwest Securities”) from June 1997 to August 2002 and has served as Chief Financial Officer of Southwest Securities since June 1997. Prior to joining Southwest Securities, she was a Senior Audit Manager in the Financial Services division of KPMG LLP. Ms. Hodges is a member of the American Institute of Certified Public Accountants and the Texas Society of CPAs.

The Company issued a press release announcing the appointment of Stacy M. Hodges as Chief Financial Officer of the Company. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01(d). Exhibits.

Exhibit 99.1 Press Release issued by SWS Group, Inc. on August 25, 2011.

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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.

	SWS GROUP, INC.
Date: August 25, 2011	By:	/s/ James H. Ross
		James H. Ross
		Chief Executive Officer

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EXHIBIT INDEX

Exhibit     No.	Description
Exhibit 99.1	Press Release issued by SWS Group, Inc. on August 25, 2011.

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EX-99.1

Exhibit 99.1

Stacy M. Hodges named Chief Financial Officer of SWS Group, Inc.

DALLAS, August 25, 2011 – SWS Group, Inc.’s (NYSE: SWS) Board of Directors announced today that Stacy M. Hodges has been elected chief financial officer and treasurer of the company. Ms. Hodges had served as interim CFO and treasurer of SWS Group since October 2010.

“Throughout her career, Ms. Hodges has distinguished herself as an exceptional leader who demonstrates the highest level of ability, integrity and expertise in her role with the company,” said SWS Group chief executive officer James H. Ross. “For many months we have carefully considered how best to apply Ms. Hodges’ substantial talents and it became clear that the answer was right in front of us. She has excelled in all aspects of the position while serving on an interim basis, and we are now pleased to welcome her as CFO and treasurer as we move forward.”

Prior to being named interim CFO of SWS Group, Ms. Hodges served as chief financial officer of the company’s principal broker-dealer subsidiary, Southwest Securities, Inc. She began her career with SWS as controller in 1994 and was named executive vice president in 1999. Among her accomplishments as interim CFO, Ms. Hodges was instrumental in the recent successful completion of SWS Group’s $100 million capital raise with Hilltop Holdings Inc. and Oak Hill Capital Partners.

“Ms. Hodges has a deep understanding of the financial services industry and the unique opportunities available to our firm,” Mr. Ross said. “She has built a consistent record of success during her time with the company and we are extremely fortunate to have her as part of our management team.”

(more)

Stacy Hodges named CFO of SWS Group / 2

“I appreciate the confidence shown in me by SWS Group’s Board of Directors and CEO Jim Ross, and look forward to the opportunity to continue serving as Chief Financial Officer,” Ms. Hodges said.

Before joining SWS Group, Ms. Hodges was a senior audit manager in the financial services division of KPMG, LLP. She earned a Bachelor of Business Administration in Accounting from Baylor University where she graduated summa cum laude. She is a member of the American Institute of Certified Public Accountants and the Texas Society of CPAs. Ms. Hodges is also a member of the Board of Trustees of the Securities Industry Institute^®.

SWS Group, Inc. is a Dallas-based financial services company offering a broad range of services through its subsidiaries – Southwest Securities, Inc., Southwest Securities, FSB and SWS Financial Services, Inc. The company’s common stock is listed and traded on the New York Stock Exchange under the symbol SWS.

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CONTACT:	Ben Brooks - Corporate Communications, (214) 859-6351
	bdbrooks@swst.com