Summary
This 8-K filing by The Nasdaq Stock Market, Inc. (NDAQ) on May 13, 2005, primarily reports on a change in its Board of Directors. In accordance with an Amended and Restated Securityholders Agreement, Nasdaq has appointed Glenn Hutchins, a representative from Silver Lake Partners (SLP), to its Board of Directors. Mr. Hutchins' appointment is effective May 9, 2005, and he will serve as a Class 1 Director until the 2007 annual meeting. He has also been appointed to the Board's Finance and Compensation Committees.
Key Highlights
- 1Appointment of Glenn Hutchins to Nasdaq's Board of Directors.
- 2Mr. Hutchins represents Silver Lake Partners (SLP), a key securityholder.
- 3The appointment is in accordance with an Amended and Restated Securityholders Agreement dated April 22, 2005.
- 4Mr. Hutchins will serve as a Class 1 Director with a term expiring at the 2007 annual meeting.
- 5Mr. Hutchins has been appointed to the Board's Finance and Compensation Committees.
- 6This action fulfills Nasdaq's obligation to have an SLP representative on its Board.