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Cboe Global Markets, Inc. 8-K Report, Executive Changes (May 18, 2021)

Reports
Leadership Changes·Shareholder Matters·Exhibits & Filings
Filing Date
Filed May 18, 2021
Period End
May 13, 2021
Security
CBOE
In the record · 2016–202610-K1110-Q328-K123

CBOE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 123 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · May ’18May ’18
  2. Material agreement8-K · Jul ’20Jul ’20
  3. Leadership change8-K · Nov ’22Nov ’22
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed May 18, 2021. Cited figures are marked; the original filing is the authoritative source.

This 8-K filing by Cboe Global Markets, Inc. (CBOE) details outcomes from its 2021 Annual Meeting of Stockholders held on May 13, 2021, and an executive compensation matter.

Key events include the overwhelming ratification of KPMG LLP as the independent auditor and the election of the full slate of directors. The advisory vote on executive compensation also passed with strong support, indicating shareholder confidence in the company's compensation policies. A special one-time award of $200,000a in restricted stock units was granted to Bryan Harkins upon his appointment as Executive Vice President, President BIDS Trading, vesting in May 2024, which aligns executive interests with long-term company performance.

02—Key points

Key Highlights

  1. All director nominees were elected to the Board of Directors with substantial majority support.
  2. The appointment of KPMG LLP as the independent registered public accounting firm for fiscal year 2021 was overwhelmingly ratified by shareholders.
  3. The advisory vote to approve executive compensation (Say-on-Pay) received strong shareholder support.
  4. Bryan Harkins was appointed Executive Vice President, President BIDS Trading.
  5. Mr. Harkins received a special one-time award of $200,000 in restricted stock units, vesting on May 13, 2024, subject to continued employment.
  6. The filing confirms the absence of any emerging growth company elections regarding extended transition periods for accounting standards.

03—Questions

Frequently Asked Questions

  1. What were the main outcomes of the Cboe Global Markets 2021 Annual Meeting of Stockholders?

    The primary outcomes were the election of all director nominees to the Board, the ratification of KPMG LLP as the independent auditor for fiscal year 2021, and the approval of the company's executive compensation in a non-binding advisory vote. All these proposals received significant shareholder support.

  2. Can you explain the special stock award granted to Bryan Harkins?

    Bryan Harkins, upon his appointment as Executive Vice President, President BIDS Trading, received a special, one-time grant of restricted stock units valued at $200,000. This award is subject to vesting on May 13, 2024, provided he remains continuously employed by Cboe Global Markets through that date.

  3. How did shareholders vote on executive compensation?

    Shareholders voted in favor of the advisory proposal to approve the compensation paid to the company's named executive officers. The proposal passed with approximately 73.3 million shares voting for it, out of nearly 90.6 million total votes cast on the matter (excluding abstentions and broker non-votes).

  4. Is Cboe Global Markets an emerging growth company, and how does that affect its accounting standards?

    The filing indicates that Cboe Global Markets, Inc. is not electing to be treated as an emerging growth company. Therefore, it is not utilizing any extended transition periods for complying with new or revised financial accounting standards.

04—Continue

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