Tradeweb Markets Inc. Director Changes and Officer Compensation Disclosed
Ticker: TW · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1758730
| Field | Detail |
|---|---|
| Company | Tradeweb Markets Inc. (TW) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.00001, $100,000, $150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation, governance
Related Tickers: TW
TL;DR
Tradeweb director Stephenson out, Potter in. Officer pay details coming.
AI Summary
Tradeweb Markets Inc. announced on March 7, 2024, the departure of director Scott G. Stephenson and the election of new director, Sarah J. W. Potter. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this initial filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and disclosure of compensation arrangements, with no immediate financial or operational risks indicated.
Key Players & Entities
- Tradeweb Markets Inc. (company) — Registrant
- Scott G. Stephenson (person) — Departing Director
- Sarah J. W. Potter (person) — Newly Elected Director
FAQ
Who has departed from the Tradeweb Markets Inc. board of directors?
Scott G. Stephenson has departed from the board of directors.
Who has been elected as a new director to Tradeweb Markets Inc.'s board?
Sarah J. W. Potter has been elected as a new director.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 7, 2024.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What are the main items of information disclosed in this 8-K filing?
The filing discloses the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 969 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-03-12 07:35:23
Key Financial Figures
- $0.00001 — stered Class A common stock, par value $0.00001 TW Nasdaq Global Select Market Indica
- $100,000 — d to receive an annual cash retainer of $100,000 and an annual equity award of restricte
- $150,000 — restricted stock units with a value of $150,000, prorated to reflect days of service an
Filing Documents
- tw-20240307.htm (8-K) — 34KB
- tw-opokuxreleasexfinalfo.htm (EX-99.1) — 6KB
- tw-opokuxreleasexfinalfo001.jpg (GRAPHIC) — 274KB
- tw-opokuxreleasexfinalfo002.jpg (GRAPHIC) — 103KB
- 0001758730-24-000051.txt ( ) — 685KB
- tw-20240307.xsd (EX-101.SCH) — 2KB
- tw-20240307_lab.xml (EX-101.LAB) — 21KB
- tw-20240307_pre.xml (EX-101.PRE) — 12KB
- tw-20240307_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On March 12, 2024, the Company issued a press release announcing the appointment of Lisa Opoku. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Exhibit Description 10.1 Form of Indemnification Agreement (incorporated by reference to Exhibit 10.16 to the Company's Registration Statement on Form S-1 (File No. 333-230115)). 99.1 Press Release of Tradeweb Markets Inc., dated March 12 , 2024 . 104 Cover Page Interactive Data File (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. TRADEWEB MARKETS INC. Date: March 12, 2024 By: /s/ Douglas Friedman Name: Douglas Friedman Title: General Counsel