Cboe Global Markets Announces 2024 Annual Meeting Results

Rhea-AI Summary

Cboe Global Markets (CBOE) announced the preliminary results of its 2024 Annual Meeting. All 12 nominees for the board of directors, who served during the 2023-2024 term, have been re-elected with a majority vote. The board members will serve one-year terms expiring in 2025. Key approvals included executive compensation, the appointment of KPMG LLP as the independent public accounting firm for 2024, and a management proposal allowing stockholders with 25% ownership to call special meetings. However, a proposal to grant stockholders the same right at a 10% ownership threshold was rejected. Full details can be found in the proxy statement on the Cboe investor relations website.

Positive

• All 12 board of director nominees received majority votes, ensuring continuity in leadership.
• Shareholders approved the executive compensation plan, reflecting confidence in the company's management.
• KPMG LLP was ratified as the independent public accounting firm for 2024, ensuring continued financial oversight.
• A proposal allowing stockholders holding 25% ownership to call special meetings was approved, enhancing shareholder rights.

Negative

• An advisory proposal to allow stockholders with 10% ownership to call special meetings was rejected, which may be seen as limiting shareholder influence.

CHICAGO, May 16, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced the preliminary shareholder voting results from its 2024 Annual Meeting held today.

All 12 board of director nominees served during the 2023-2024 board term and received a majority of votes cast. The board members re-elected to serve one-year terms expiring in 2025 are:

• William M. Farrow, III
• Fredric J. Tomczyk
• Edward J. Fitzpatrick
• Ivan K. Fong
• Janet P. Froetscher
• Jill R. Goodman
• Erin A. Mansfield
• Cecilia H. Mao
• Alexander J. Matturri, Jr.
• Jennifer J. McPeek
• Roderick A. Palmore
• James E. Parisi

In other proposals, shareholders:

• approved, in a non-binding resolution, the compensation paid to the company's executive officers;
• ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for the 2024 fiscal year;
• approved an advisory management proposal to provide stockholders the right to call a special meeting of stockholders at a 25% ownership threshold; and
• rejected an advisory stockholder proposal to provide stockholders the right to call a special meeting of stockholders at a 10% ownership threshold.

Additional information about each of the matters acted upon by shareholders at the Annual Meeting is in the proxy statement that was furnished to shareholders in connection with the meeting. The proxy statement is also available in the Investor Relations section of www.cboe.com. The final vote totals for the matters acted upon by shareholders at the Annual Meeting will be reported in a current report on Form 8-K filing with the SEC and posted on http://ir.cboe.com. 

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

Media Contacts			Cboe Analyst Contact
Angela Tu	Tim Cave			Kenneth Hill, CFA
+1-646-856-8734	+44 (0) 7593-506-719			+1-312-786-7559
atu@cboe.com	tcave@cboe.com			khill@cboe.com

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Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. 

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SOURCE Cboe Global Markets, Inc.

FAQ

What were the results of the 2024 CBOE Annual Meeting?

All 12 board nominees were re-elected, executive compensation was approved, KPMG LLP was ratified as the accounting firm, and a 25% ownership threshold for calling special meetings was approved. A 10% threshold proposal was rejected.

Who were re-elected to the CBOE board in 2024?

The re-elected members include William M. Farrow, III, Fredric J. Tomczyk, Edward J. Fitzpatrick, Ivan K. Fong, Janet P. Froetscher, Jill R. Goodman, Erin A. Mansfield, Cecilia H. Mao, Alexander J. Matturri, Jr., Jennifer J. McPeek, Roderick A. Palmore, and James E. Parisi.

What executive compensation proposals were approved at the 2024 CBOE Annual Meeting?

Shareholders approved, in a non-binding resolution, the compensation paid to the executive officers.

Which accounting firm was ratified for the 2024 fiscal year by CBOE shareholders?

Shareholders ratified the appointment of KPMG LLP as the independent public accounting firm for the 2024 fiscal year.

What threshold for calling special meetings was approved at the 2024 CBOE Annual Meeting?

Shareholders approved a management proposal allowing stockholders with a 25% ownership threshold to call special meetings.