Summary
This filing is an amendment to a previous 8-K report filed by The NASDAQ OMX Group, Inc. (NASDAQ OMX) on June 2, 2011. The amendment clarifies the company's decision regarding the frequency of advisory votes on executive compensation, often referred to as 'say-on-pay'. Following a stockholder preference indicated at the 2011 annual meeting of stockholders on May 26, 2011, NASDAQ OMX's Board of Directors has resolved to include an advisory vote on executive compensation in its proxy materials annually.
Key Highlights
- 1Amendment to a previous 8-K filing to provide an update on the frequency of advisory votes on executive compensation.
- 2Stockholders expressed a preference for an annual advisory vote on executive compensation at the 2011 annual meeting.
- 3NASDAQ OMX's Board of Directors has formally decided to implement annual advisory votes on executive compensation.
- 4This decision aligns the company's practices with the expressed will of its shareholders.
- 5The 'say-on-pay' advisory vote will be included in proxy materials annually until a new vote on frequency is held.
- 6The filing date is August 8, 2011, with the earliest event date being May 26, 2011.