Nasdaq Elects New Directors, Discloses Officer Compensation Details
Ticker: NDAQ · Form: 8-K · Filed: Sep 6, 2024 · CIK: 1120193
| Field | Detail |
|---|---|
| Company | Nasdaq, Inc. (NDAQ) |
| Form Type | 8-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, officer-compensation, debt-filing
Related Tickers: NDAQ
TL;DR
Nasdaq adds 2 directors to the board, details on exec pay filed.
AI Summary
On September 4, 2024, Nasdaq, Inc. announced the election of two new directors, Adena Friedman and Michael J. Bodson, to its Board of Directors, effective immediately. The company also disclosed compensatory arrangements for certain officers, though specific details were not provided in this filing. This filing also includes information regarding Nasdaq's Senior Notes due in 2032, 2033, 2030, and 2029.
Why It Matters
Changes in board composition can signal shifts in corporate strategy or governance, while details on officer compensation provide insight into executive incentives and company financial health.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board appointments and disclosures of compensatory arrangements, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- 2032 — Senior Notes Maturity Year (Indicates outstanding debt obligations.)
- 2033 — Senior Notes Maturity Year (Indicates outstanding debt obligations.)
- 2030 — Senior Notes Maturity Year (Indicates outstanding debt obligations.)
- 2029 — Senior Notes Maturity Year (Indicates outstanding debt obligations.)
Key Players & Entities
- Nasdaq, Inc. (company) — Filer
- Adena Friedman (person) — Newly elected director
- Michael J. Bodson (person) — Newly elected director
- Four Point Five Zero Zero Senior Notes Due 2032 (dollar_amount) — Debt instrument
- Zero Point Nine Zero Zero Senior Unsecured Notes Due 2033 (dollar_amount) — Debt instrument
- Zero Point Eight Seven Five Percent Senior Notes Due 2030 (dollar_amount) — Debt instrument
- One Point Seven Five Percent Senior Notes Due 2029 (dollar_amount) — Debt instrument
FAQ
Who were the individuals elected as new directors to Nasdaq's Board?
Adena Friedman and Michael J. Bodson were elected as new directors to Nasdaq's Board.
What is the effective date of the new directors' election?
The election of the new directors is effective immediately as of September 4, 2024.
What other information is disclosed in this 8-K filing besides director appointments?
The filing also discloses compensatory arrangements of certain officers and includes information related to various series of Senior Notes.
What are the maturity dates for the Senior Notes mentioned in the filing?
The Senior Notes mentioned have maturity dates in 2032, 2033, 2030, and 2029.
What is the SIC code for Nasdaq, Inc.?
The Standard Industrial Classification (SIC) code for Nasdaq, Inc. is 6200, which falls under SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES.
Filing Stats: 534 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-09-06 16:16:34
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share NDAQ The Nasdaq
Filing Documents
- d855658d8k.htm (8-K) — 32KB
- d855658dex991.htm (EX-99.1) — 9KB
- 0001193125-24-215181.txt ( ) — 218KB
- ndaq-20240904.xsd (EX-101.SCH) — 5KB
- ndaq-20240904_def.xml (EX-101.DEF) — 14KB
- ndaq-20240904_lab.xml (EX-101.LAB) — 24KB
- ndaq-20240904_pre.xml (EX-101.PRE) — 15KB
- d855658d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 99.1 Press release dated September 6, 2024. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 6, 2024 NASDAQ, INC. By: /s/ John A. Zecca Name: John A. Zecca Title: Executive Vice President and Chief Legal Officer