Summary
This 8-K filing by Nasdaq, Inc. (NDAQ) reports a significant internal leadership change. Effective December 15, 2015, Adena T. Friedman was appointed President and Chief Operating Officer. This promotion recognizes Ms. Friedman's extensive experience within Nasdaq, having previously held roles such as President and Chief Financial Officer, and a prior 17-year tenure at the company. Her prior experience also includes a role as President at The Carlyle Group. This appointment is accompanied by a revised compensation package. Investors should note the new annual base salary of $850,000, along with eligibility for a target cash incentive award of $1,500,000 and an equity grant valued at $4,000,000 for 2016. These details indicate the company's investment in key leadership and a commitment to retaining and incentivizing top talent for future growth.
Key Highlights
- 1Adena T. Friedman appointed President and Chief Operating Officer, effective December 15, 2015.
- 2Ms. Friedman has a strong track record with Nasdaq, previously serving as President and CFO.
- 3Her prior experience includes a significant role at The Carlyle Group.
- 4New annual base salary for Ms. Friedman set at $850,000.
- 5Ms. Friedman is eligible for a target cash incentive award of $1,500,000 for 2016.
- 6She will also receive an equity grant valued at $4,000,000 in 2016.
- 7The appointment and compensation changes are consistent with her existing employment contract.