Summary
CME Group Inc. announced a board appointment to fill a vacancy created by the passing of director David J. Wescott. Yra G. Harris has been appointed to the Class B-1 director position, effective August 7, 2019, and will serve until the company's next annual shareholder meeting. Mr. Harris was previously a nominee for the Class B-1 director role in the 2019 annual election. This appointment is primarily a governance update, ensuring the board maintains its full complement of directors. Investors should note that Mr. Harris will be compensated according to the standard terms for non-executive directors, indicating no immediate change to the company's compensation structure for its board members. This filing does not contain any material financial or operational updates.
Key Highlights
- 1CME Group Inc. appointed Yra G. Harris to its Board of Directors on August 7, 2019.
- 2The appointment fills a vacancy in the Class B-1 director position due to the passing of David J. Wescott.
- 3Mr. Harris will serve until the next annual meeting of shareholders.
- 4He was a Class B-1 nominee in the 2019 annual election of directors.
- 5Mr. Harris will receive compensation on the same terms as other non-executive directors.