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

The main purpose of this filing is to announce a leadership change in Nasdaq's Board of Directors, specifically the appointment of Adena T. Friedman as the new Board Chair.

Will Adena Friedman still be the CEO of Nasdaq?

Yes, Adena T. Friedman will continue to serve as the President and Chief Executive Officer of Nasdaq, Inc. in addition to her new role as Board Chair.

What will Michael R. Splinter's new role be?

Michael R. Splinter, the current Board Chair, will transition to the role of Lead Independent Director, while remaining on the Board.

When do these leadership changes take effect?

The changes are effective as of January 1, 2023.

NDAQ 8-K SEC Disclosure

Summary

This 8-K filing from Nasdaq, Inc. (NDAQ) announces a significant leadership transition within its Board of Directors. Effective January 1, 2023, current President and CEO Adena T. Friedman will assume the role of Board Chair, in addition to her existing executive responsibilities. This move consolidates top leadership under Ms. Friedman, aligning strategic direction across both operational and governance functions. The filing also notes that Michael R. Splinter, the outgoing Board Chair, will continue to serve on the Board as the Lead Independent Director, ensuring continuity and experienced oversight.

Key Highlights

1Adena T. Friedman appointed as Board Chair, effective January 1, 2023.
2Ms. Friedman will continue in her roles as President and CEO.
3Michael R. Splinter transitions from Board Chair to Lead Independent Director.
4Mr. Splinter will remain a member of the Board.
5The leadership change aims to streamline governance and strategic oversight.
6This appointment consolidates key leadership positions under Ms. Friedman.

NASDAQ, INC. 8-K Report, Corporate Update (Dec 19, 2022)

Summary

Key Highlights

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