Cboe Global Markets, Inc 8-K, filed Aug 17, 2020
Cboe Global Markets, Inc. (CBOE)
About this 8-K
Cboe Global Markets, Inc filed this 8-K on August 17, 2020, reporting on events of August 14, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS’ APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Election of Director
On August 14, 2020, the Board of Directors (the “Board”) of Cboe Global Markets, Inc. (the “Company”) elected Jennifer J. McPeek to fill a vacancy on the Board. Ms. McPeek will receive compensation for her service on the Board as a non-employee member of the Board in the same manner as other non-employee members of the Board. For a description of the Company’s director compensation programs, see “Director Compensation” in the definitive proxy statement filed by the Company on April 2, 2020 in connection with its 2020 Annual Meeting of Stockholders; provided, however, that following such annual meeting, the value of the annual stock retainer for the Company’s directors increased from $130,000 to $145,000.
Ms. McPeek, 50, is an independent advisor to companies on value-based management and incentive design. Previously, she has served as the Chief Financial Officer of Russell Investments from 2018 to 2019. From 2009 to 2017, Ms. McPeek was with Janus Henderson Investors plc and its predecessor company Janus Capital Group Inc., serving as the Chief Financial Officer from 2013 to 2017, and as the Chief Operating and Strategy Officer post-merger in 2017. Prior to that, Ms. McPeek was with ING Investment Management, Americas from 2005 to 2009, where she was a member of the management committee and led the strategy function. Ms. McPeek currently serves on the Board of Directors of First American Funds, Inc. She graduated magna cum laude from Duke University with an A.B. degree in Mathematics and Economics and received her M.S. degree in Financial Engineering from the MIT Sloan School of Management. Ms. McPeek holds the Chartered Financial Analyst designation.
Ms. McPeek has been appointed to the Audit Committee of the Board, effective upon her election to the Board.
There is no arrangement or understanding between Ms. McPeek and any other persons pursuant to which Ms. McPeek was elected to serve on the Board.
Ms. McPeek does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.
A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 | |
101 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
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.
| CBOE GLOBAL MARKETS, INC. | |
| (Registrant) | |
| | |
| By: | /s/ Patrick Sexton |
| | Patrick Sexton |
| | Executive Vice President, General Counsel and |
| | Corporate Secretary |
| | |
| | Dated: August 17, 2020 |
| Exhibit 99.1 News Release For Immediate Release, Page 1 of 2 |
Cboe Global Markets Announces Election of Jennifer McPeek to Board of Directors
CHICAGO – August 14, 2020 – Cboe Global Markets, Inc. (Cboe: CBOE), one of the world’s largest exchange holding companies, today announced its Board of Directors elected Jennifer McPeek, former Chief Financial Officer of Russell Investments and Janus Capital Group, as a new member to its Board of Directors.
Ms. McPeek was elected to fill a vacancy on the board, bringing the number of directors on the board to 13.
Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets, said: “We are pleased to welcome Jennifer McPeek to Cboe Global Markets’ board of directors. Jennifer is a distinguished leader with exceptional credentials, and the experience and unique perspective she brings will further strengthen the breadth of our board’s leadership and counsel. I look forward to working with Jennifer and our entire board as we continue to execute on our strategic initiatives to grow our global business, serve the needs of our customers and deliver sustainable returns and long-term value to our shareholders.”
Ms. McPeek is an independent advisor to companies on value-based management and incentive design. Prior to her current role, she was the Chief Financial Officer of Russell Investments from 2018 to 2019. From 2009 to 2017, she was with Janus Henderson Investors plc and its predecessor company Janus Capital Group Inc., serving as Chief Financial Officer from 2013 to 2017 and as Chief Operating and Strategy Officer post-merger in 2017. From 2005 to 2009, she was with ING Investment Management, Americas, where she was a member of the management committee and led the strategy function.
Ms. McPeek currently serves on the Board of Directors of First American Funds, Inc. She graduated magna cum laude from Duke University with an A.B. degree in Mathematics and Economics, and received her M.S. degree in Financial Engineering from the MIT Sloan School of Management. Ms. McPeek holds the Chartered Financial Analyst designation.
About Cboe Global Markets, Inc. |
Cboe Global Markets (Cboe: CBOE) is one of the world’s largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to defining markets to benefit its participants and drive the global marketplace forward through product innovation, leading edge technology and seamless trading solutions.
The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S., Canadian and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world’s premier gauge of U.S. equity market volatility.
Cboe’s subsidiaries include the largest options exchange and the third largest stock exchange operator in the U.S. In addition, the company operates one of the largest stock exchanges by value traded in Europe and is a leading market globally for ETP listings and trading.
The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.
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| News Release For Immediate Release, Page 2 of 2 |
Media Contacts | | Analyst Contact | ||||
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