What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to report on amendments made to The NASDAQ OMX Group, Inc.'s By-Laws, which became effective on April 14, 2011. These amendments relate to committee names and voting procedures.

How does the change in the Nominating Committee's name affect the company?

The renaming of the Nominating Committee to the Nominating & Governance Committee suggests an expansion of its responsibilities to include oversight of corporate governance matters in addition to director nominations. This reflects a commitment to robust governance practices.

What is the significance of the clarification on broker non-votes?

The clarification that broker non-votes do not count for or against a director's election is important for understanding the voting mechanics. It means that only actual votes cast by shareholders or their proxies will determine whether a director is elected, potentially influencing the required vote threshold for director approval.

Are there any significant financial implications from these By-Law amendments?

These By-Law amendments are primarily related to corporate governance and organizational structure. There are no direct or immediate significant financial implications for investors mentioned in this filing.

NDAQ 8-K: Corporate Changes

Summary

This 8-K filing from The NASDAQ OMX Group, Inc. (NDAQ) on April 20, 2011, primarily details amendments to the company's By-Laws that became effective on April 14, 2011. The most significant changes for investors include the renaming of the Nominating Committee to the Nominating & Governance Committee, reflecting a broader scope of responsibilities, and a clarification regarding broker non-votes in director elections. This clarification ensures that broker non-votes are not counted for or against a director's election, which could impact voting outcomes in director nominations.

Key Highlights

1The NASDAQ OMX Group, Inc. amended its By-Laws effective April 14, 2011.
2The Nominating Committee of the Board of Directors has been renamed the Nominating & Governance Committee.
3A subsidiary, NASDAQ OMX PHLX, was renamed from 'NASDAQ OMX PHLX, Inc.' to 'NASDAQ OMX PHLX LLC' following its conversion to a limited liability company.
4By-Law Article IV, Section 4.4 was clarified to state that broker non-votes are not counted as votes for or against a director.
5The amended and restated By-Laws are attached as Exhibit 3.2 to the filing.
6This filing is considered non-fundamental in nature, focusing on internal governance and subsidiary structure.

NASDAQ, INC. 8-K Report, Bylaw Amendment (Apr 20, 2011)

Summary

Key Highlights

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