Nasdaq Elects New Directors, Discloses Officer Compensation Details

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

From the Filing

0001193125-24-215181.txt : 20240906 0001193125-24-215181.hdr.sgml : 20240906 20240906161634 ACCESSION NUMBER: 0001193125-24-215181 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240904 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240906 DATE AS OF CHANGE: 20240906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NASDAQ, INC. CENTRAL INDEX KEY: 0001120193 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521165937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38855 FILM NUMBER: 241284725 BUSINESS ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 1 212 401 8700 MAIL ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ OMX GROUP, INC. DATE OF NAME CHANGE: 20080227 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ STOCK MARKET INC DATE OF NAME CHANGE: 20010423 8-K 1 d855658d8k.htm 8-K 8-K false 0001120193 0001120193 2024-09-04 2024-09-04 0001120193 ndaq:CommonStock.01parvaluepershareMember 2024-09-04 2024-09-04 0001120193 ndaq:FourPointFiveZeroZeroSeniorNotesDue2032Member 2024-09-04 2024-09-04 0001120193 ndaq:ZeroPointNineZeroZeroSeniorUnsecuredNotesDue2033Member 2024-09-04 2024-09-04 0001120193 ndaq:ZeroPointEightSevenFivePercentSeniorNotesDue2030Member 2024-09-04 2024-09-04 0001120193 ndaq:OnePointSevenFivePercentSeniorNotesDue2029Member 2024-09-04 2024-09-04     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 4, 2024     Nasdaq, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-38855   52-1165937 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   151 W. 42nd Street , New York , New York   10036 (Address of principal executive offices)   (Zip code) Registrant’s telephone number, including area code: +1 212 401 8700 No change since last report (Former Name or Address, If Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value per share   NDAQ   The Nasdaq Stock Market 4.500% Senior Notes due 2032   NDAQ32   The Nasdaq Stock Market 0.900% Senior Notes due 2033   NDAQ33   The Nasdaq Stock Market 0.875% Senior Notes due 2030   NDAQ30   The Nasdaq Stock Market 1.75% Senior Notes due 2029   NDAQ29   The Nasdaq Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Secur