01—Abstract
Summary
Summary of the 8-K filed May 13, 2019. Cited figures are marked; the original filing is the authoritative source.
CME Group Inc. (CME) filed an 8-K on May 13, 2019, detailing the outcomes of its 2019 Annual Meeting of Shareholders held on May 8, 2019.
The report indicates a strong turnout, with approximately 88%a of the issued and outstanding Class A and Class B common stock represented. Key outcomes include the re-election of seventeen Equity Directors, the ratification of Ernst & Young LLP as the independent auditor for 2019, and advisory approval of executive compensation. While the majority of proposals received overwhelming support, the report also notes specific outcomes for Class B Director and Nominating Committee elections.
Notably, a quorum was not achieved for the election of one Class B-3 Director and the Class B-3 Nominating Committee, resulting in current members continuing to serve as "holdovers" until the 2020 meeting. Overall, the shareholder vote reflects broad support for the company's leadership and governance structure.
02—Key points
Key Highlights
- Record date for the 2019 Annual Meeting of Shareholders was March 11, 2019.
- Approximately 88.0% of Class A and Class B shares were present at the meeting.
- All seventeen Equity Director nominees were elected by shareholders.
- Ernst & Young LLP was ratified as the independent public accounting firm for 2019 with overwhelming support.
- Shareholders provided advisory approval for the compensation of named executive officers.
- A quorum was not achieved for the election of one Class B-3 Director and the Class B-3 Nominating Committee.
- Holdover directors and committee members will continue to serve until their successors are duly elected at the 2020 Annual Meeting.
03—Questions
Frequently Asked Questions
What were the main proposals voted on at the 2019 Annual Meeting of Shareholders?
The main proposals included the election of seventeen Equity Directors, the ratification of Ernst & Young LLP as the independent auditor, an advisory vote on executive compensation, the election of Class B Directors, and the election of Class B Nominating Committees.
What was the level of shareholder participation at the meeting?
Shareholder participation was robust, with 88.0% of the issued and outstanding Class A and Class B common stock represented, either in person or by proxy.
Were there any proposals that did not achieve a quorum?
Yes, a quorum was not achieved for the election of one Class B-3 Director and for the election of the Class B-3 Nominating Committee. In these cases, the existing members will continue to serve as 'holdovers' until the 2020 Annual Meeting.
How did shareholders vote on the appointment of the independent auditor?
Shareholders overwhelmingly ratified the appointment of Ernst & Young LLP as the Company's independent public accounting firm for 2019, with over 309.9 million votes in favor.
04—Continue