8-KEarnings & ResultsLeadership ChangesExhibits & Filings

Cboe Global Markets, Inc. 8-K Report, Financial Results (Aug 2, 2019)

Filed August 2, 2019For Securities:CBOE

Summary

Cboe Global Markets, Inc. (CBOE) filed an 8-K report on August 2, 2019, primarily announcing its financial results for the quarter ended June 30, 2019, via an attached press release (Exhibit 99.1). While specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification of the company's operational and financial performance for the period. Investors should refer to the referenced press release for a comprehensive understanding of the company's recent performance, revenue, expenses, and profitability. Additionally, the report details a significant change in its Board of Directors. On July 30, 2019, Cboe elected Fredric J. Tomczyk to the Board to fill a newly created vacancy, increasing the Board's size to fourteen members. Mr. Tomczyk brings extensive experience in the financial services industry, having previously served as President and CEO of TD Ameritrade Holding Corporation. He has also been appointed to the Board's Finance and Strategy Committee. The company also approved a form of Restricted Stock Award Agreement for non-employee directors.

Key Highlights

  • 1Cboe Global Markets reported its financial results for the quarter ended June 30, 2019, via an attached press release (Exhibit 99.1).
  • 2Fredric J. Tomczyk was elected to the Board of Directors, increasing its size to fourteen.
  • 3Mr. Tomczyk's appointment fills a newly created vacancy on the Board.
  • 4Mr. Tomczyk is a seasoned executive, formerly President and CEO of TD Ameritrade Holding Corporation.
  • 5Mr. Tomczyk has been appointed to the Finance and Strategy Committee of the Board.
  • 6A form of Restricted Stock Award Agreement for non-employee directors, including provisions for international residency, was approved.
  • 7The director stock retainer value increased from $120,000 to $130,000 following the annual meeting.

Frequently Asked Questions

The 8-K filing itself does not contain the specific financial details. Investors are directed to refer to the press release dated August 2, 2019 (Exhibit 99.1) attached to this filing for a comprehensive overview of the company's financial results for the quarter.

Fredric J. Tomczyk is a retired executive with significant experience in the financial services sector, notably as the former President and CEO of TD Ameritrade Holding Corporation. He was elected to the Cboe Board of Directors to fill a vacancy and has been appointed to the Finance and Strategy Committee, likely to leverage his expertise in financial matters and strategic planning.

Yes, the filing indicates that the value of the annual stock retainer for non-employee directors increased from $120,000 to $130,000 following the company's 2019 Annual Meeting of Stockholders. A new form of Restricted Stock Award Agreement for non-employee directors was also approved.

This specific 8-K filing is focused on the reporting of quarterly financial results and changes to the Board of Directors. While the approval of a new director award agreement is mentioned, there are no other significant business changes or material agreements detailed within this particular report.