Why is Exelon moving its stock listing from the NYSE to Nasdaq?

While the filing doesn't explicitly state the reasons, companies often move exchanges for various strategic benefits, which can include cost savings, access to a different investor base, perceived advantages in trading technology, or alignment with specific industry sectors more prevalent on one exchange over another.

Will my Exelon stock (EXC) be affected on September 24th or 25th, 2019?

Your shares will continue to be listed and traded on the NYSE until market close on September 24, 2019. Trading is expected to commence on Nasdaq at market open on September 25, 2019. There should be no disruption to your ability to trade shares, and your existing shares will automatically transfer to Nasdaq for trading.

Does the change in listing exchange affect the ticker symbol?

No, Exelon's common stock will continue to trade under the familiar ticker symbol "EXC" on Nasdaq.

What are the changes to Exelon's bylaws regarding director nominations?

The amendments clarify the information required for shareholder-nominated director candidates regarding their independence. The bylaws now refer to the independence standards of the 'applicable exchange' rather than specifically mentioning the NYSE, aligning with the move to Nasdaq and removing potentially outdated or duplicative references.

EXC 8-K: Securities & Listing & Corporate Changes

Summary

Exelon Corporation (EXC) announced on September 13, 2019, its intention to voluntarily delist its common stock from the New York Stock Exchange (NYSE) and NYSE Chicago, and to transfer its listing to The Nasdaq Stock Market LLC (Nasdaq). This strategic move is expected to be completed by September 25, 2019, with trading on Nasdaq continuing under the existing ticker symbol "EXC". The company has received approval for listing on Nasdaq. In conjunction with this change, Exelon's Board of Directors also approved amendments to its Amended and Restated Bylaws. These amendments, effective upon commencement of trading on Nasdaq, aim to clarify director independence requirements related to shareholder nominations, removing specific references to NYSE standards in favor of general applicable exchange standards. These changes are designed to modernize governance practices and align with Nasdaq's listing requirements.

Key Highlights

1Exelon is transferring its primary stock listing from the NYSE to Nasdaq.
2The delisting from NYSE and NYSE Chicago is expected to be effective September 24, 2019.
3Trading on Nasdaq is scheduled to begin on September 25, 2019.
4The common stock will continue to trade under the ticker symbol "EXC" on Nasdaq.
5Bylaws were amended to clarify director independence requirements for shareholder nominations.
6The amendments remove specific references to NYSE independence standards in favor of general exchange standards.
7The changes are effective upon the commencement of trading on Nasdaq.

EXELON CORP 8-K Report, Listing Notice (Sep 13, 2019)

Summary

Key Highlights

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