Summary
This Current Report (8-K) filed by The Nasdaq Stock Market, Inc. on February 25, 2008, primarily details significant changes to its Board of Directors in anticipation of the consummation of its acquisition of OMX AB. The report announces the resignation of two existing directors, Daniel B. Coleman and Merit E. Janow, effective upon the completion of the OMX acquisition. Concurrently, Nasdaq has appointed seven new directors to its Board, effective March 1, 2008, with specific appointments stemming from agreements with OMX and Borse Dubai Limited. These changes reflect the strategic integration and governance adjustments following the major acquisition.
Key Highlights
- 1Two directors, Daniel B. Coleman and Merit E. Janow, resigned from the Board of Directors.
- 2The resignations were effective upon the consummation of the acquisition of OMX AB.
- 3Seven new directors were appointed to the Board of Directors, effective March 1, 2008.
- 4Appointments of Urban Bäckström, Birgitta Kantola, Hans Munk Nielsen, and Lars Wedenborn were made pursuant to the transaction agreement with OMX AB.
- 5Appointments of Essa Kazim and Soud Ba’alawi were made pursuant to the stockholders’ agreement with Borse Dubai Limited.
- 6Michael R. Splinter was also appointed as a new director.
- 7Several new directors were assigned to specific board committees, including the Executive Committee, Corporate Governance Committee, Audit Committee, Finance Committee, and Management Compensation Committee.