8-KCorporate ChangesExhibits & Filings

Cboe Global Markets, Inc. 8-K Report, Bylaw Amendment (Feb 14, 2019)

Filed February 14, 2019For Securities:CBOE

Summary

Cboe Global Markets, Inc. (CBOE) filed an 8-K on February 14, 2019, primarily to report amendments to its Fifth Amended and Restated Bylaws, which became effective on February 11, 2019. The most significant change allows the company's President to also hold the position of Chief Operating Officer (COO). This update provides flexibility in the company's executive leadership structure. While the filing is procedural, investors should note this structural update. The bylaws also incorporated other non-substantive changes, suggesting no material impact on the company's financial health or strategic direction beyond executive role alignment. The filing also confirms Cboe Global Markets, Inc. is an emerging growth company and has elected not to use the extended transition period for new or revised financial accounting standards.

Key Highlights

  • 1Effective February 11, 2019, Cboe Global Markets, Inc. adopted its Fifth Amended and Restated Bylaws.
  • 2A key amendment allows the President of the company to also serve as the Chief Operating Officer (COO).
  • 3This change offers potential for greater executive role consolidation and efficiency.
  • 4The bylaws also include other non-substantive revisions.
  • 5Cboe Global Markets, Inc. is identified as an emerging growth company.
  • 6The company has opted out of the extended transition period for adopting new financial accounting standards.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce the adoption of Cboe Global Markets, Inc.'s Fifth Amended and Restated Bylaws, which became effective on February 11, 2019. The most notable change pertains to executive positions.

The most significant change is the amendment that permits the company's President to concurrently hold the position of Chief Operating Officer (COO). This allows for potential integration of these roles.

Based on the filing, the changes to the bylaws appear to be procedural and related to executive role structure rather than direct financial implications. The amendments are described as allowing the President to also be COO and incorporating other non-substantive changes, suggesting no immediate material financial impact.

Yes, the filing indicates that Cboe Global Markets, Inc. is an emerging growth company and has elected *not* to use the extended transition period for complying with new or revised financial accounting standards. This means they will adopt these standards as they become effective.