CME Group Inc. Announces Preliminary Results from its 2021 Annual Meeting of Shareholders

Rhea-AI Summary

CME Group announced the preliminary results from its 2021 annual meeting held on May 5, 2021. Shareholders elected a slate of directors for a one-year term, including Terrence A. Duffy and Timothy S. Bitsberger. The appointment of Ernst & Young LLP as the independent public accounting firm for 2021 was ratified. Additionally, the compensation of named executive officers received advisory approval. However, there was no quorum for the elections of Class B-1 and Class B-3 directors, resulting in holdover for certain directors until the 2022 meeting. Official results will be filed with the SEC.

Positive

• Shareholders elected multiple directors for a one-year term, ensuring continuity in governance.
• Ratification of Ernst & Young LLP as the independent accounting firm may enhance investor confidence.
• Advisory approval of executive compensation indicates shareholder support for management.

Negative

• No quorum for Class B-1 and B-3 director elections may reflect shareholder disengagement.

CHICAGO, May 5, 2021 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today announced the preliminary shareholder voting results from its 2021 annual meeting. 

At the meeting, shareholders:

• Elected Terrence A. Duffy, Timothy S. Bitsberger, Charles P. Carey, Dennis H. Chookaszian, Bryan T. Durkin, Ana Dutra, Martin J. Gepsman, Larry G. Gerdes, Daniel R. Glickman, Daniel G. Kaye, Phyllis M. Lockett, Deborah J. Lucas, Terry L. Savage, Rahael Seifu, William R. Shepard, Howard J. Siegel and Dennis A. Suskind, each for a one-year term expiring in 2022;
• Ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2021; and
• Approved, on an advisory basis, the compensation of named executive officers.

In addition, the company's Class B-2 shareholders elected Michael G. Dennis and Patrick W. Maloney each for a one-year term expiring in 2022.

There was no quorum in the elections of the Class B-1 directors or the Class B-3 director. As a result, William W. Hobert, Patrick J. Mulchrone and Robert J. Tierney will holdover as the Class B-1 directors and Elizabeth A. Cook will holdover as the Class B-3 director.  Each director will continue to serve until his or her successor is duly elected at the 2022 annual meeting.

The official results and voting percentages for each of these proposals will be disclosed in a report to be filed with the Securities and Exchange Commission.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners. 

CME-G

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SOURCE CME Group

FAQ

What were the results of CME Group's 2021 annual meeting?

CME Group's 2021 annual meeting resulted in the election of several directors and the ratification of Ernst & Young as the independent accounting firm.

Who were elected as directors at the CME Group annual meeting?

Directors elected include Terrence A. Duffy, Timothy S. Bitsberger, and others for a one-year term.

Was the executive compensation approved at CME Group's annual meeting?

Yes, the compensation of named executive officers received advisory approval from shareholders.

What happened regarding Class B-1 and Class B-3 director elections at CME Group?

There was no quorum for the elections of Class B-1 and Class B-3 directors, resulting in holdover for certain directors.

When will the official results from CME Group's annual meeting be released?

The official results and voting percentages will be disclosed in a report filed with the SEC.