01—Abstract
Summary
Summary of the 8-K filed May 13, 2024. Cited figures are marked; the original filing is the authoritative source.
On May 10, 2024, Tradeweb Markets Inc. held its 2024 Annual Meeting of Stockholders and reported the final results of four proposals voted on at the meeting, as described in its March 28, 2024 definitive proxy statement.
Stockholders elected four Class II directors, Jacques Aigrain, Balbir Bakhshi, Paula Madoff and Thomas Pluta, each to a three-year term expiring at the 2027 Annual Meeting. Each nominee received more votes for than withheld, with Thomas Pluta receiving the most support (1,135,788,956 for and 5,310,106 withheld) and Paula Madoff the most withheld votes (39,054,771). Stockholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 1,143,882,945 votes for, 58,354 against and 2,646 abstentions.
In a non-binding advisory vote, stockholders approved the compensation of the named executive officers, with 1,129,171,356 votes for and 11,917,132 against. On the frequency of future say-on-pay votes, a large majority of votes (1,140,677,669) favored an annual vote.
Following the results and the Board's recommendation, the Company has decided to hold an annual advisory vote on executive compensation until the next required frequency vote or until the Board determines a different frequency is in the best interests of the Company and its stockholders. The filing also lists 2,844,883 broker non-votes on the director, say-on-pay and frequency proposals.
02—Key points
Key Highlights
- Annual Meeting held May 10, 2024; four proposals were voted on as described in the March 28, 2024 proxy statement.
- Four Class II directors elected (Jacques Aigrain, Balbir Bakhshi, Paula Madoff, Thomas Pluta) to three-year terms expiring at the 2027 Annual Meeting.
- Deloitte & Touche LLP ratified as independent registered public accounting firm for fiscal year ending December 31, 2024, with 1,143,882,945 votes for.
- Advisory say-on-pay proposal approved with 1,129,171,356 votes for and 11,917,132 votes against.
- Stockholders favored an annual advisory vote on executive compensation (1,140,677,669 votes for one year), and the Company has adopted an annual frequency.
- Director nominee Paula Madoff received the highest number of withheld votes at 39,054,771, while Thomas Pluta received the fewest at 5,310,106.
03—Questions
Frequently Asked Questions
When and where was Tradeweb's 2024 Annual Meeting of Stockholders held?
The meeting was held on May 10, 2024. The matters voted on were described in the Company's definitive Proxy Statement on Schedule 14A filed with the SEC on March 28, 2024.
Who was elected to the Board at the 2024 Annual Meeting?
Jacques Aigrain, Balbir Bakhshi, Paula Madoff and Thomas Pluta were elected as Class II directors, each to serve a three-year term expiring at the 2027 Annual Meeting of Stockholders and until successors are duly elected and qualified.
Did stockholders approve the auditor and executive pay proposals?
Yes. Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for fiscal 2024, with 1,143,882,945 votes for and 58,354 against. They also approved, on an advisory basis, the compensation of the named executive officers, with 1,129,171,356 votes for and 11,917,132 against.
How often will Tradeweb hold advisory votes on executive compensation?
The Company will hold an annual advisory vote on named executive officer compensation, consistent with the Board's recommendation and the stockholder vote (1,140,677,669 votes for one year). This continues until the next required frequency vote or until the Board determines a different frequency is in the best interests of the Company and its stockholders.
04—Continue