CBOE SEC Filings

Cboe Global Markets, Inc. (CBOE) reported robust financial results for the second quarter and first half of 2026, demonstrating significant year-over-year growth. Total revenues increased by 23% in the second quarter and 15% year-to-date, driven primarily by strong performance in Derivatives Markets and Cash and Spot Markets, fueled by increased trading volumes and favorable regulatory fee rate changes. The company also saw growth in its Data Vantage segment due to increased demand for access and capacity fees and proprietary market data. Operationally, Cboe has strategically realigned its business, including the announced sale of its Australian and Canadian businesses for approximately $300 million, expected to close in the third quarter of 2026. Despite ongoing strategic initiatives and associated costs, the company maintained strong profitability, with operating income increasing by 40% year-over-year for the quarter. Cboe also continued its capital return programs, increasing dividends and actively repurchasing shares. The company's liquidity remains strong, with ample cash on hand and available credit facilities.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on July 31, 2026, to disclose its financial results for the quarter ended June 30, 2026. The core of this filing is the press release, attached as Exhibit 99.1, which provides the company's performance details for the period. Investors should review this press release for specific figures on revenue, profitability, and any other key financial metrics reported by Cboe for the second quarter of 2026. While the 8-K itself is a notification of the results announcement, the detailed financial performance and operational commentary are contained within the referenced press release. This filing serves as a formal notification of the release of Cboe's quarterly earnings, and investors are directed to the accompanying exhibit for a comprehensive understanding of the company's financial condition and results of operations for the specified quarter. It's important to note that the information within this 8-K, including the press release, is not considered "filed" for certain regulatory purposes unless specifically incorporated by reference into other filings.

Cboe Global Markets, Inc. (CBOE) has entered into a Third Amended and Restated Credit Agreement, significantly enhancing its financial flexibility. This new agreement provides a $400 million senior unsecured revolving credit facility with a potential to expand to $600 million, maturing in July 2031. This facility offers borrowers options for interest rate calculations, including Term SOFR, SONIA, or EURIBOR for USD, Sterling, and Euros respectively, plus a margin based on public debt ratings. It also includes a $25 million swing line sub-facility and allows for subsidiaries to be added as borrowers with Cboe's guarantee. This updated credit facility is crucial for Cboe's ongoing operations and strategic initiatives. Key financial covenants include a minimum consolidated interest coverage ratio of 4.00:1.00 and a maximum consolidated leverage ratio of 3.50:1.00, with provisions allowing temporary increases to the leverage ratio under specific conditions. The agreement also incorporates updated legal requirements and provides additional permissions for Cboe's clearing activities. Investors should note the facility's substantial size, flexibility in borrowing and interest rate options, and the financial covenants designed to ensure the company maintains a strong financial position.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report detailing an amendment and restatement of its credit facility agreement for Cboe Clear Europe N.V. This action, effective June 26, 2026, primarily extends the facility's term to June 25, 2027, and importantly, maintains the aggregate commitment at Euro 1.2 billion, with an accordion increase option to Euro 1.7 billion. Cboe Global Markets, Inc. continues to serve as the guarantor for this facility.

Cboe Global Markets, Inc. (CBOE) filed an 8-K report on May 18, 2026, detailing the outcomes of its Annual Meeting of Stockholders held on May 14, 2026. The primary focus of this filing is the voting results on several key proposals. Investors can take comfort in the strong approval of Cboe's slate of directors, indicating continued confidence in the current leadership and governance. Additionally, the company received shareholder ratification for its independent registered public accounting firm, KPMG LLP, for the fiscal year 2026, reinforcing transparency and audit integrity. While executive compensation was approved on an advisory basis, the rejection of a shareholder proposal regarding the right to act by written consent suggests a preference among a significant portion of shareholders for the current governance structure. Overall, the meeting results reflect broad support for the company's strategic direction and operational oversight.

Cboe Global Markets, Inc. reported a strong first quarter for 2026, with total revenues increasing by 7% year-over-year to $1.27 billion. This growth was primarily driven by a significant 13% increase in Derivatives Markets revenue, fueled by higher transaction and clearing fees due to increased options trading volumes. The Data Vantage segment also showed robust growth, up 19%, attributed to strong demand for access and capacity fees and proprietary market data. Profitability saw a substantial boost, with net income soaring by 54% to $385.7 million, leading to a diluted EPS of $3.66, a 54% increase from the prior year. This performance was supported by a notable decrease in cost of revenues, largely due to the absence of regulatory fees that impacted the prior year, and a modest increase in operating expenses. The company also provided an optimistic outlook, announcing strategic realignment actions expected to yield significant cost savings and detailing a definitive agreement to sell its Australian and Canadian businesses.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on May 1, 2026, primarily to report its first-quarter 2026 financial results and to disclose details regarding a strategic realignment initiative. The company announced additional actions to optimize resource allocation, which are expected to result in pre-tax restructuring charges of approximately $36 million to $46 million, mainly for severance costs, to be incurred primarily from the second through fourth quarters of 2026. These actions, combined with prior business optimizations, are projected to lead to a workforce reduction of approximately 20% and are anticipated to generate annualized pre-tax cost savings of $40 million to $50 million, with $20 million to $25 million expected to be realized in 2026. While the press release detailing the financial results for the quarter ended March 31, 2026, is attached, the core of the filing focuses on the operational restructuring. Investors should note that these restructuring charges are a one-time event, but the associated cost savings are expected to improve future profitability. The company cautions that actual expenses and savings may differ from estimates due to various assumptions and potential delays related to local laws and consultation requirements. The full financial details for Q1 2026 would be found in the referenced press release.

Cboe Global Markets, Inc. (CBOE) reported strong financial performance for the year ended December 31, 2025, with total revenues increasing by 15% to $4.71 billion and net income growing by 44% to $1.1 billion. This growth was primarily driven by robust performance in its Derivatives Markets segment, which saw a 21% revenue increase, and solid contributions from its Cash and Spot Markets and Data Vantage segments. The company also demonstrated effective cost management, leading to a significant increase in operating income. During 2025, Cboe executed a strategic realignment, initiating wind-downs of certain businesses and divesting others to focus on core strengths and growth opportunities. This strategic review included the wind-down of Japanese equities, initiation of sales processes for Australian and Canadian businesses, and cost reductions in ETP Listings and other smaller analytics businesses. The company also successfully completed key technology migrations, including the transition of Digital Exchange futures to CFE, and unveiled its new exchange technology platform, Cboe Titanium. Looking ahead, Cboe remains focused on optimizing its core businesses, capitalizing on emerging industry trends, and maintaining a disciplined capital allocation strategy. Despite facing a competitive landscape and evolving regulatory environment, the company's strong revenue growth, improved profitability, and strategic portfolio adjustments position it well for continued success. Investors should monitor the ongoing integration of acquired businesses, the competitive dynamics in key markets, and the impact of regulatory changes, particularly in the U.S. equity market structure.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on February 6, 2026, announcing its financial results for the fourth quarter and full year ended December 31, 2025. While the 8-K itself is brief and primarily incorporates by reference a press release detailing these results, the core of the investor information lies within that attached press release (Exhibit 99.1). Investors should focus on the details provided in that separate document for a comprehensive understanding of CBOE's performance, including revenue, earnings, and any forward-looking statements. Key takeaways for investors will likely revolve around Cboe's performance across its various business segments, such as U.S. equities, options, European equities, and futures, as well as its data and access services. Any commentary on market trends, competitive positioning, and strategic initiatives within the press release will be crucial for assessing the company's trajectory and future growth prospects. It is important to note that the information presented is furnished, not filed, under Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same legal implications as a formally filed document unless expressly incorporated into another filing.

Cboe Global Markets, Inc. (CBOE) has announced the retirement of its Chief Operating Officer, Christopher Isaacson, effective March 6, 2026. Mr. Isaacson will transition to a consulting role until the end of 2026, receiving a consulting fee of $541,666. He will also retain a pro-rata portion of certain outstanding equity awards, subject to performance and service through the consulting period. This orderly transition ensures continuity in operations. In parallel, Cboe has appointed Scott Johnston as the incoming Executive Vice President and Chief Operating Officer, effective March 7, 2026. Mr. Johnston brings extensive experience from various trading and financial firms, most recently as COO of Akuna Capital. His compensation package includes a base salary of $550,000, incentive bonus potential, long-term equity awards totaling $2,735,000 (annual LTI) and a $1,000,000 sign-on grant, alongside a $627,200 cash sign-on bonus. This leadership change signals a strategic move to leverage new expertise within the company.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on October 31, 2025, announcing its financial results for the quarter ended September 30, 2025. The core of this filing is the attached press release (Exhibit 99.1), which contains the detailed financial performance and operational highlights for the period. Investors should refer to this press release for specific figures related to revenue, net income, earnings per share, and any segment-specific performance metrics that may indicate trends in Cboe's various business segments, such as exchange-traded products, derivatives, and data solutions. While the 8-K itself is brief, it serves as the official notification that Cboe has publicly disclosed its quarterly performance. The information presented in the press release is crucial for understanding the company's trajectory and evaluating its financial health. Investors will be looking for signs of growth, profitability, and any forward-looking statements or guidance provided by management that could impact future performance. The filing also notes that the information is not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, which is standard for earnings releases furnished under Item 2.02.

Cboe Global Markets, Inc. reported strong financial performance for the nine months ended September 30, 2025, with total revenues increasing by 18% to $3.51 billion and net income growing by 38% to $786.5 million. This growth was primarily driven by robust performance in the Derivatives Markets and Cash and Spot Markets segments, fueled by higher transaction and clearing fees due to increased trading volumes across their options and equities exchanges. The company also saw significant growth in its Data Vantage segment, indicating strong demand for its market data products. Operationally, Cboe has streamlined its reporting segments to five core areas: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX, with Digital segment results now included in Futures. The company also announced strategic divestitures of its Canadian and Australian equities businesses subsequent to the quarter, aiming to sharpen focus on core strengths. Despite these strategic shifts and ongoing investments, Cboe maintained a strong liquidity position and continued to return capital to shareholders through dividends.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on August 1, 2025, to disclose its financial results for the second quarter ended June 30, 2025. The key information is contained within the accompanying press release, incorporated by reference. Investors should review this press release for detailed insights into the company's operational performance and financial standing during the quarter. While this 8-K filing itself primarily serves to attach the press release, the press release is the substantive document for understanding CBOE's recent financial developments.

Cboe Global Markets, Inc. reported robust financial performance for the second quarter and first half of 2025, demonstrating significant growth across key segments. Total revenues surged by 20% year-over-year for the quarter and 23% for the first half, driven by strong transaction and clearing fees in derivatives and cash/spot markets. This growth was fueled by increased trading volumes across Cboe's options, U.S. equities, and European equities exchanges. The company also benefited from an elevated Section 31 fee rate, though this was partially offset by a decrease in the rate in the latter part of the period. Operating expenses saw a notable decrease of 18% for the quarter and 12% for the half, primarily due to the absence of the significant intangible asset impairment charges recorded in the prior year. This combination of strong revenue growth and controlled expenses led to a substantial increase in operating income, up 61% for the quarter and 41% for the half. Further analysis reveals that the Options segment remains the largest contributor to revenue, showing a 19% increase in revenues less cost of revenues for the quarter, driven by higher average daily volumes in multi-listed and index options. The North American Equities segment also performed well, with a 25% increase in revenues less cost of revenues, despite a slight decrease in net capture. The Europe and Asia Pacific segment experienced a strong 30% increase in revenues less cost of revenues, driven by increased European equities volumes and clearing activity. While the Futures segment saw a slight revenue decline, the company's focus on integrating its digital assets business into this segment is a strategic move for the future. Overall, Cboe Global Markets demonstrated solid operational execution and financial strength, positioning it well for continued growth.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report detailing adjustments to the equity incentive awards for two key executives, Chris Isaacson and Patrick Sexton. These adjustments are in recognition of their expanded global leadership roles within the company. The increases in target equity award values are designed to align executive compensation with their increased responsibilities and are structured to incentivize long-term performance and retention. Specifically, Mr. Isaacson's target annual equity incentive award has been increased to $2,625,000, and Mr. Sexton's to $1,310,000. These awards for 2025 include previously granted equity and new special awards, which will be granted on July 15, 2025. The new grants are to be equally split between Restricted Stock Units (RSUs) vesting over three years and Performance Share Units tied to EPS and Total Shareholder Return over a three-year performance period, contingent upon continued employment and achievement of performance goals.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report detailing a material definitive agreement concerning the amendment and restatement of its credit facility for Cboe Clear Europe N.V. This amendment, effective June 27, 2025, extends the facility's term to June 26, 2026, maintaining the aggregate commitment at EUR 1.2 billion, with an option for an accordion increase to EUR 1.7 billion. The company has also updated certain provisions to comply with evolving legal and regulatory requirements. The primary impact for investors is the continued availability of this significant credit line, which supports Cboe's European clearing operations. The extension provides financial flexibility and operational continuity for Cboe Clear Europe. The company's obligations as guarantor remain in full force, reinforcing the commitment to its European subsidiary's financial stability.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report detailing the resignation of David Howson, Executive Vice President and Global President. Mr. Howson will remain with the company until August 1, 2025, to facilitate a smooth transition. Importantly, his departure is amicable and not due to any disagreements with the company. This filing outlines the terms of his separation, including prorated vesting of certain restricted stock units and continued salary and benefits through his last day. Following Mr. Howson's departure, current CEO Craig Donohue will assume the additional role of President. Investors should note that while the loss of a key executive can sometimes signal uncertainty, the company has emphasized this is a planned transition with clear succession and terms. The prorated equity awards suggest an effort to retain some incentive for Mr. Howson to ensure a professional handover.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on May 7, 2025, reporting on its 2025 Annual Meeting of Stockholders held on May 6, 2025. The key outcomes from the meeting include the approval of the Third Amended and Restated Cboe Global Markets, Inc. Long-Term Incentive Plan, which is designed to incentivize and retain key employees and executives. Stockholders also elected the full slate of directors, ratified the appointment of KPMG LLP as the independent registered public accounting firm for fiscal year 2025, and voted on executive compensation and a shareholder proposal. Investors should note the strong support for director nominees and the ratification of the auditor, indicating shareholder confidence in the current leadership and governance structure. The approval of the long-term incentive plan is a positive signal for management's focus on long-term value creation and talent management. The advisory vote on executive compensation also passed, albeit with a notable number of dissenting votes, which may warrant further attention from management regarding executive pay alignment with shareholder interests.

Cboe Global Markets, Inc. reported a strong first quarter of 2025, with total revenues reaching $1.195 billion, a significant 25% increase year-over-year. This growth was primarily driven by robust performance in its Derivatives Markets and Cash and Spot Markets segments, fueled by higher trading volumes across various asset classes and an increase in the Section 31 fee rate. The company's operating income also saw a substantial jump of 25% to $353.9 million. Despite increased costs, particularly in liquidity payments and regulatory fees, Cboe demonstrated effective cost management with total operating expenses decreasing by 4%. The company also returned capital to shareholders through dividends and share repurchases, underscoring a positive financial quarter.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on May 2, 2025, announcing its financial results for the first quarter ended March 31, 2025. The filing primarily incorporates by reference the company's press release detailing these results. Investors should refer to the attached press release (Exhibit 99.1) for specific financial performance metrics, including revenue, profitability, and any segment-specific details. The 8-K itself does not contain the detailed financial data but serves as the official notification of the earnings release.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report announcing significant leadership changes. Effective May 7, 2025, current CEO Fredric J. Tomczyk will retire from his executive role but will remain with the company in an advisory capacity until June 30, 2025, and will continue to serve on the Board of Directors. Mr. Tomczyk's retirement is not due to any disagreements, but he will not be eligible for standard severance benefits under the Company's Severance Plan. His equity awards will receive extended vesting, and he will receive a prorated short-term incentive award. Concurrently, Cboe has appointed Craig Donohue as the new Chief Executive Officer and a member of the Board, effective May 7, 2025. Mr. Donohue brings extensive experience from leadership roles at Options Clearing Corporation (OCC) and CME Group. His compensation package includes a base salary of $1.3 million, a 150% target bonus, a substantial long-term incentive award of $10.05 million, and a $6 million sign-on equity grant with a three-year cliff vesting. The report also outlines severance provisions for Mr. Donohue in case of termination without cause or resignation for good reason, and details his ongoing equity award vesting and employment agreement terms.

Cboe Global Markets, Inc. (CBOE) reported its fiscal year 2024 results, demonstrating robust revenue growth and strategic advancements across its diverse business segments. Total revenues increased by 9% year-over-year, driven by strong performance in its Cash and Spot Markets, Data Vantage, and Derivatives Markets segments. The company continued to innovate with new product launches and enhancements, particularly in volatility-based products and ETPs, while expanding its geographic footprint through strategic investments. Cboe's commitment to its core derivatives business, alongside an increasing focus on recurring revenue streams from data and access solutions, positions it for continued growth. The company is also actively managing its digital asset business by transitioning certain futures contracts to its CFE platform and winding down its spot digital asset market, indicating a strategic refocus on its core strengths. Financially, Cboe maintained a strong operational performance with a 4% increase in operating income, supported by effective cost management and strategic reallocation of technology resources. The company also repurchased a significant amount of its common stock, demonstrating a commitment to returning value to shareholders. Despite facing a competitive landscape and evolving regulatory environment, Cboe's diversified business model, proprietary products, and technological investments provide a resilient foundation for future performance and shareholder value creation.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K to report its financial results for the quarter ended December 31, 2024. The primary information source is the press release dated February 7, 2025, attached as Exhibit 99.1. Investors should refer to this press release for detailed financial performance, operational metrics, and management's commentary on the fourth quarter and full year 2024 results. The filing itself is procedural, providing the official notification of the earnings release and incorporating the press release by reference.

Cboe Global Markets, Inc. (CBOE) has announced the effectiveness of its Eighth Amended and Restated Bylaws as of November 29, 2024. The primary impact of these amendments for investors relates to changes in the procedures for calling special meetings of stockholders and submitting director nominations or other proposals. Notably, the threshold for a stockholder or group of stockholders to call a special meeting has been significantly increased to 25% of the outstanding common stock. Additionally, enhanced procedural and disclosure requirements have been implemented for stockholders seeking to call special meetings or nominate directors outside of the standard proxy statement process. These bylaw changes aim to streamline governance processes and align with evolving legal requirements, including modifications related to universal proxy rules. While these amendments are largely procedural and administrative, they do provide greater control to the board and large stockholders regarding the timing and nature of special meetings and shareholder-driven proposals. Investors should be aware of these updated requirements when considering actions that involve special meetings or the submission of proposals at future Cboe shareholder meetings.

Cboe Global Markets, Inc. (CBOE) has announced the effectiveness of its Eighth Amended and Restated Bylaws as of November 29, 2024. These amendments, approved by the Board of Directors, primarily focus on refining the procedures for calling special stockholder meetings and for stockholder nominations of directors and proposal submissions. Key changes include raising the ownership threshold to 25% for stockholders to call a special meeting and introducing more stringent procedural and disclosure requirements for such meetings and for director nominations/proposals. These revisions also address compliance with Universal Proxy Rules (Rule 14a-19) and modify proxy procedures. The aim appears to be to align with recent legal developments, particularly in Delaware law, and to provide the company with clearer remedies and processes when stockholders engage in these activities. Investors should note that these changes may impact the ease and scope of future shareholder activism or proxy contests.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on November 1, 2024, to announce its financial results for the third quarter ended September 30, 2024. The core of this filing is the press release (Exhibit 99.1) containing these results, which is incorporated by reference. Investors should refer to this press release for specific financial performance details, as the 8-K itself primarily serves as a notification of the release of this information. The company is providing investors with its operational and financial performance for the most recent quarter. While this 8-K does not contain the detailed financial statements or narrative analysis typically found in a 10-Q or 10-K, it directs stakeholders to the official press release for comprehensive figures and commentary. Investors are advised to consult Exhibit 99.1 for a thorough understanding of CBOE's performance during the third quarter of 2024, including revenue, profitability, and any forward-looking statements or management commentary provided.

Cboe Global Markets, Inc. reported solid financial results for the nine months ended September 30, 2024. Total revenues increased by 6% year-over-year to $2.99 billion, driven by growth in cash and spot markets, data and access solutions, and derivatives markets. Net income rose by 3% to $568.4 million. The company's operating income saw a 5% increase to $799.9 million, demonstrating strong performance across its key segments, particularly Options and North American Equities. Cboe's strategic focus on its core derivatives and equities businesses continues to yield positive results, with a planned transition of certain digital asset futures to the Cboe Futures Exchange (CFE) expected in early 2025. Operationally, the company reported increased average daily volumes (ADV) in key areas like index options and futures, contributing to higher transaction and clearing fees. The company also continues to actively manage its capital, repurchasing shares and paying dividends, while maintaining a strong balance sheet. The digital asset business wind-down has been completed, with associated intangible asset impairment charges recognized in prior periods. Overall, Cboe demonstrated resilience and growth, underscoring its position as a leading exchange network. Investors should note the significant increase in Section 31 fees, which boosted both revenues and costs, but had a neutral impact on operating income. The company also highlighted ongoing legal challenges related to the CAT Funding Model Order, which could impact the implementation of CAT fees.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on August 2, 2024, primarily to report its financial results for the quarter ended June 30, 2024. The company released its earnings via a press release, which is attached as an exhibit to this filing. This 8-K serves as notification to the market of the company's latest financial performance. Investors should refer to the attached press release (Exhibit 99.1) for detailed financial figures and management's commentary on the quarter's results. This filing does not contain the detailed financial statements within the 8-K itself, but rather incorporates the press release by reference. The Chief Financial Officer, Jill M. Griebenow, signed off on the report.

Cboe Global Markets, Inc. (CBOE) reported its financial results for the second quarter and first half of 2024. The company demonstrated revenue growth, primarily driven by increased activity in its derivatives and cash markets, alongside a notable increase in interest income from its European clearing operations due to higher interest rates. Notably, Cboe incurred a significant $81 million impairment charge related to intangible assets in its Digital segment, reflecting the ongoing wind-down of its spot digital asset trading market. Despite this, the company's core segments, particularly Options and North American Equities, showed resilience with improved revenues and operating income. Financially, Cboe reported total revenues of $974 million for the quarter, up 7% year-over-year, and $1,931 million for the first half, up 2% year-over-year. Net income for the quarter was $140.4 million, a decrease from $167.8 million in the prior year, impacted by the digital asset impairment and other operational costs. However, adjusted diluted earnings per share showed a strong increase of 17% for the first half of the year, indicating operational efficiency improvements outside of specific charges. The company continues to return capital to shareholders through dividends and share repurchases, with $204.4 million remaining under its share repurchase authorization as of June 30, 2024. Cboe maintains a solid liquidity position with $3.35 billion in cash, cash equivalents, and restricted cash.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on June 28, 2024, detailing an amendment and restatement of its credit facility for Cboe Clear Europe N.V. The primary change involves extending the facility's term to June 27, 2025, and a slight reduction in the aggregate commitment from EUR 1.25 billion to EUR 1.2 billion (and from EUR 1.75 billion to EUR 1.7 billion after an accordion increase). This operational update indicates continued access to committed credit lines supporting Cboe's European clearing operations. The amendment also incorporates updates to comply with applicable laws and regulations. Cboe Global Markets, Inc. continues to serve as guarantor for this facility, highlighting its ongoing commitment to its European clearing house subsidiary. Investors should note that this is a routine refinancing and extension of an existing credit line, with minor adjustments to the total commitment, rather than a new debt issuance or significant change in financial leverage.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on May 20, 2024, detailing the results of its 2024 Annual Meeting of Stockholders held on May 16, 2024. The primary focus of the filing is the voting outcomes on several key proposals presented to shareholders. All director nominees were elected, and the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year 2024 was ratified with strong support. The advisory vote on executive compensation also received approval, though with a more divided outcome than the director elections or auditor ratification. Of particular note for investors is the outcome of two shareholder proposals regarding the right to call a special meeting. The management-backed proposal to allow a special meeting at a 25% ownership threshold was approved. However, a shareholder proposal seeking a lower 10% ownership threshold was rejected. These votes reflect shareholder sentiment on corporate governance and the ability of large shareholders to influence company direction.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on May 3, 2024, to report its financial results for the first quarter ended March 31, 2024. The key takeaway for investors is the release of its quarterly earnings, which are detailed in the attached press release (Exhibit 99.1). This filing serves as the official notification of these results to the market. While the 8-K itself does not contain the specific financial figures, it directs investors to the press release for comprehensive details on Cboe's operational performance and financial condition during the period. Investors should review the referenced press release for insights into revenue, profitability, segment performance, and any forward-looking statements or guidance provided by the company.

Cboe Global Markets, Inc. (CBOE) reported solid financial results for the first quarter of 2024, demonstrating resilience and strategic execution. The company saw a notable increase in "Revenues less cost of revenues," driven by strong performance in its Options and Data & Access Solutions segments, which more than offset a slight decline in overall total revenues. Operating income saw a significant increase, reflecting effective cost management and operational efficiencies. The company also announced its decision to wind down its spot crypto market operations, a strategic move aimed at optimizing its digital asset strategy and potentially incurring a pre-tax charge in the upcoming quarter. Financially, Cboe maintained a strong balance sheet with substantial cash and cash equivalents and healthy liquidity. The company continued its commitment to returning capital to shareholders through dividends and share repurchases, underscoring its focus on shareholder value. While the overall market environment presents ongoing challenges and opportunities, Cboe's diversified business model and strategic adjustments position it to navigate the evolving financial landscape.

Cboe Global Markets, Inc. (CBOE) reported its 2023 fiscal year results, showcasing resilience and strategic growth across its diverse business segments. Despite a slight overall revenue decrease compared to 2022, driven by lower volumes in cash and spot markets, the company demonstrated strong performance in its derivatives segments, particularly with index options and futures, and saw growth in data and access solutions. The company successfully managed its cost of revenues, leading to a significant increase in "revenues less cost of revenues" and a substantial boost in operating income, largely due to lower operating expenses, including a substantial goodwill impairment charge recognized in the prior year. Key strategic initiatives in 2023 focused on product innovation, ecosystem enhancement, and accessing new markets, with notable launches in volatility indices and expansion into pan-European single stock options. The company also advanced its digital asset strategy with the launch of margined futures on Bitcoin and Ether in early 2024. Despite executive leadership changes and ongoing industry competition, Cboe maintains a strong financial position with significant liquidity and a commitment to returning capital to shareholders through dividends and share repurchases.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on February 9, 2024, primarily detailing changes within its Board of Directors and its accounting leadership. The report announces the immediate resignation of director Joseph P. Ratterman, with no stated disagreements. Concurrently, Cboe has elected two new directors, Erin A. Mansfield and Cecilia H. Mao, expanding the board to 12 members. Ms. Mansfield brings extensive experience from Barclays and Goldman Sachs, with a focus on regulatory and compliance roles, and has been appointed to the Risk and ATS Oversight Committees. Ms. Mao, currently Global Chief Product Officer at Equifax, brings product and data expertise and has been appointed to the Finance and Strategy Committee. Both new directors will receive standard compensation for non-employee directors, with an updated annual stock retainer value. Additionally, the filing announces the appointment of Allen Wilkinson as Senior Vice President and Chief Accounting Officer, replacing Jill Griebenow, who will continue as CFO. Mr. Wilkinson, previously Vice President and Controller at Cboe, has a background in public accounting and internal financial roles. His compensation package includes a base salary, bonus target, and equity incentive award. These executive and board-level changes are significant for Cboe as they bolster its governance and financial reporting oversight with new expertise.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on February 2, 2024, to report its financial results for the quarter ended December 31, 2023. The core of this filing is the accompanying press release (Exhibit 99.1), which details the company's performance. Investors should note that this information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 of the Exchange Act, meaning it doesn't automatically trigger liability for forward-looking statements under that section. However, the content of the press release remains crucial for understanding Cboe's operational and financial standing. While the 8-K itself is brief and primarily serves to incorporate the press release, the press release (Exhibit 99.1) contains the actual financial and operational data. Investors are directed to this exhibit for a comprehensive understanding of Cboe's fourth-quarter and full-year 2023 results, including key performance indicators, revenue drivers, and profitability metrics. The filing also notes that Cboe is not an emerging growth company and has not elected to use the extended transition period for new accounting standards.

Cboe Global Markets, Inc. (CBOE) announced the termination of John F. Deters, Executive Vice President and Chief Strategy Officer, effective November 6, 2023. The company clarified that this termination was 'without cause' and not related to any disagreements or issues with the company's operations, policies, or practices. Mr. Deters is expected to receive severance payments and benefits in accordance with the established executive severance plan.

Cboe Global Markets, Inc. reported a robust third quarter and first nine months of 2023, demonstrating significant year-over-year growth in key financial metrics. Total revenues for the first nine months reached $2.8 billion, up 5% from the prior year, with a notable 10% increase in revenues less cost of revenues, reaching $1.4 billion. This growth was primarily driven by a strong performance in the Derivatives Markets segment, which saw a 21% increase in revenues less cost of revenues, fueled by higher volumes in index options. The Data and Access Solutions segment also showed healthy growth with a 9% increase in revenues less cost of revenues, attributed to rising subscriber numbers and pricing for access and capacity fees. The company successfully managed its expenses, with total operating expenses decreasing by 37% year-over-year for the nine-month period, largely due to the absence of a significant goodwill impairment charge recorded in the prior year. This improved cost management, combined with revenue growth, led to a substantial increase in operating income, up 228% for the nine months, reaching $763.9 million. Net income saw a dramatic increase of 630% for the nine-month period, reaching $549.4 million, translating to diluted earnings per share of $5.15. These results reflect the company's ability to leverage its diverse business segments and manage operational efficiency effectively.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on November 3, 2023, to report its financial results for the third quarter ended September 30, 2023. The core of the filing is the attached press release (Exhibit 99.1), which contains the detailed financial performance for the period. Investors should refer to this press release for specific figures related to revenue, earnings, and other key financial metrics. The filing itself is routine, primarily serving to incorporate the press release by reference. It does not contain new operational or strategic information beyond what is presented in the earnings announcement. As an "Emerging Growth Company," Cboe has elected not to utilize extended transition periods for new or revised financial accounting standards, indicating a commitment to timely adoption of accounting changes.

Cboe Global Markets, Inc. (CBOE) announced a significant leadership change via an 8-K filing on September 19, 2023. Edward T. Tilly has resigned as Chief Executive Officer and from the Board of Directors, effective September 18, 2023. This departure follows an internal investigation concerning violations of company policy related to the disclosure of personal relationships with colleagues. The company explicitly states that Mr. Tilly's conduct did not impact Cboe's strategy, financial performance, operations, or internal controls. Concurrently, Fredric J. Tomczyk, a current director, has been appointed as the new Chief Executive Officer. Mr. Tomczyk brings extensive experience, having previously served as CEO of TD Ameritrade Holding Corporation. His compensation package includes a base salary of $1,000,000 and a target bonus of 165%, along with a substantial equity incentive award. William M. Farrow III has also been appointed as non-executive Chairman of the Board.

Cboe Global Markets, Inc. (CBOE) filed an 8-K on August 18, 2023, primarily disclosing executive compensation adjustments for its newly appointed Executive Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer, Jill Griebenow. The Compensation Committee approved an increase in Ms. Griebenow's annual base salary to $500,000, effective July 10, 2023. Additionally, her targeted annual bonus remains at 120% of base salary, and she is set to receive a significant equity incentive award valued at $1,500,000. This filing details the specific breakdown of the equity award for 2023, including previously granted and newly approved special awards. The special awards will be split between Restricted Stock Units (RSUs) vesting over three years and Performance Share Units tied to earnings per share and total shareholder return, subject to continued employment. The filing also introduces new RSU award agreements with updated vesting terms, including a three-year cliff vesting without retirement provisions. Investors should note these compensation changes as they reflect the company's investment in key financial leadership and align executive incentives with company performance.

Cboe Global Markets, Inc. reported robust financial results for the second quarter and first half of 2023, demonstrating a significant recovery from the prior year's performance, which was impacted by a substantial goodwill impairment. Total revenues for the quarter were $907.8 million, a decrease of 8% year-over-year, primarily driven by lower cash and spot market revenues. However, derivatives market revenues saw a healthy increase of 7%, indicating strength in their core options and futures businesses. The company achieved operating income of $244.8 million for the quarter, a substantial improvement from the prior year's operating loss, and net income of $167.8 million. For the first six months of 2023, total revenues were $1,896.0 million, down 3% year-over-year. Despite this slight decrease, the company substantially improved its profitability, reporting an operating income of $492.7 million and net income of $341.2 million. This turnaround was significantly influenced by the absence of the large goodwill impairment charge recorded in the prior year. The company's focus on derivatives and data & access solutions continues to drive performance, with these segments showing positive revenue growth. Cboe also highlighted strong liquidity and compliance with debt covenants, providing a stable financial foundation.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report on August 4, 2023, to announce its financial results for the quarter ended June 30, 2023. The report primarily serves to incorporate by reference the Company's press release detailing these results, which is attached as Exhibit 99.1. Investors should refer to this press release for specific financial performance details, as the 8-K itself does not contain the quantitative results but rather directs stakeholders to the more comprehensive announcement. This filing is routine in nature, marking the official disclosure of quarterly earnings. While the 8-K provides the necessary regulatory notification, the core financial data, key performance indicators, and management's commentary regarding the quarter's performance are contained within the accompanying press release. Investors seeking to understand Cboe's operational and financial standing for the period will need to review Exhibit 99.1.

Cboe Global Markets, Inc. (CBOE) announced a CFO transition in an 8-K filing dated July 6, 2023. Brian N. Schell will be stepping down as Executive Vice President, Chief Financial Officer, and Treasurer, with his resignation effective July 10, 2023. Mr. Schell is leaving to pursue other career opportunities. Concurrently, Cboe has appointed Jill M. Griebenow, currently Senior Vice President and Chief Accounting Officer, to the role of Executive Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer, also effective July 10, 2023. Ms. Griebenow has a deep background within Cboe and its subsidiaries, including extensive experience in financial roles since 2011, and prior experience at Ernst & Young LLP. Investors can take comfort in the internal promotion and continuity of financial leadership.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K report detailing an amendment and restatement of its credit facility agreement with Cboe Clear Europe N.V. The key takeaway for investors is the extension of this facility's term to June 28, 2024, providing continued access to significant funding. The total commitment under the facility has been maintained at Euro 1.25 billion, with an accordion option to increase it to Euro 1.75 billion, ensuring robust financial flexibility for its European clearing operations. This refinancing indicates Cboe's ongoing commitment to supporting its European subsidiary and maintaining its operational capacity. The amendment also incorporates updates to comply with evolving legal and regulatory requirements. As the company's obligations as guarantor remain in full force, this action signals financial stability and continued operational support for Cboe Clear Europe.

Cboe Global Markets, Inc. (CBOE) filed an 8-K report detailing the results of its 2023 Annual Meeting of Stockholders held on May 11, 2023. The primary focus of the filing is the outcome of four key proposals voted upon by shareholders. All director nominees were elected, the executive compensation plan received advisory approval, and the frequency of advisory votes on executive compensation was overwhelmingly set to annually. Furthermore, the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year 2023 was ratified with strong support. For investors, the results indicate broad shareholder confidence in the current board of directors and the company's approach to executive compensation. The ratification of KPMG LLP as auditor also suggests continued satisfaction with the company's financial oversight. The overwhelming majority of votes in favor of these proposals, despite a notable number of broker non-votes, demonstrates strong alignment between Cboe's management and its voting shareholders on critical governance matters.

Cboe Global Markets, Inc. (CBOE) announced its financial results for the first quarter ended March 31, 2023, via an 8-K filing on May 5, 2023. The report primarily serves to incorporate by reference the company's press release detailing these results. While the 8-K itself does not provide the specific financial figures, it directs investors to Exhibit 99.1, the associated press release, for comprehensive details on the company's performance during the quarter. Investors should refer to the press release (Exhibit 99.1) for in-depth information regarding CBOE's revenue, expenses, profitability, and any segment-specific performance metrics. This filing is crucial for understanding the company's operational and financial standing as of the end of March 2023, and for assessing its trajectory moving forward. The Chief Financial Officer has signed off on the report, attesting to its contents.

Cboe Global Markets, Inc. reported a strong first quarter for 2023, with net income increasing by 58% to $173.4 million, or $1.63 per diluted share, compared to $109.6 million, or $1.02 per diluted share, in the prior year period. This significant growth was driven by a 13% increase in revenue less cost of revenues, primarily fueled by a robust performance in the Derivatives Markets segment, which saw a 15% revenue increase due to higher options volumes and a rise in Section 31 fees. The Data and Access Solutions segment also contributed positively with a 9% revenue increase. Despite a decrease in Cash and Spot Markets revenue, largely due to lower U.S. Equities volumes, the company demonstrated effective cost management, with total operating expenses increasing by 25% but at a slower pace than revenue growth. This resulted in a 10% increase in Adjusted EBITDA to $310.3 million. The company maintained a healthy liquidity position, with significant cash and cash equivalents, and ample availability under its revolving credit facility. Cboe's diversified business model across various asset classes and geographies continues to provide resilience and growth opportunities.

Cboe Global Markets, Inc. (CBOE) reported strong revenue growth in its 2022 10-K filing, with total revenues increasing by 13% to $3.96 billion. This growth was driven by increased trading volumes across its key segments, particularly in Options and European Equities, as well as higher regulatory fees and contributions from recent acquisitions. The company also highlighted its strategic expansion into digital assets with the acquisition of ErisX (now Cboe Digital) and into the Canadian market with the acquisition of NEO. Despite the top-line growth, net income decreased by 56% to $235 million, largely impacted by a significant goodwill impairment charge of $460.9 million related to the Cboe Digital segment and higher operating expenses, including compensation and benefits. The company continues to manage its debt effectively and returned capital to shareholders through dividends and share repurchases.

Cboe Global Markets, Inc. (CBOE) has filed an 8-K detailing significant updates to its CEO's employment and compensation arrangements. The filing announces an amended and restated employment agreement with Chairman and CEO Edward T. Tilly, extending his term through December 31, 2024, with automatic one-year renewal periods thereafter. This agreement also outlines a revised compensation structure, including a base salary of $1,265,000 and targeted annual bonuses and equity incentives for 2023. A notable aspect of the new agreement pertains to voluntary termination without good reason. In such events, particularly for terminations occurring on or after December 31, 2023, or the last day of a renewal period, Mr. Tilly is provided with enhanced terms for the vesting of outstanding performance-based restricted stock unit awards (PSUs), which will vest in full based on actual performance achieved, rather than being prorated.