Intercontinental Exchange Announces Results from 2024 Annual Meeting of Stockholders

Rhea-AI Summary

Intercontinental Exchange (NYSE: ICE) announced the outcomes of its 2024 Annual Meeting of Stockholders held on May 17.

All ten nominated directors were elected for one-year terms. Stockholders approved the advisory resolution on executive compensation and ratified Ernst & Young LLP as the independent accounting firm for 2024.

A stockholder proposal for an independent board chairman was rejected, following the Board's recommendation. Broadridge Financial Solutions managed and verified the vote tally.

Positive

• All ten director nominees were successfully elected, suggesting strong shareholder alignment.
• Stockholders approved the advisory resolution on executive compensation, reflecting confidence in the management's pay structure.
• Ernst & Young LLP was ratified as the independent registered public accounting firm for 2024, ensuring continuity in financial oversight.

Negative

• A stockholder proposal for an independent board chairman was not approved, potentially signaling governance concerns.
• No concrete financial figures or growth metrics were provided, limiting insight into company performance.

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced the results of the Company’s 2024 Annual Meeting of Stockholders, which was held Friday, May 17. A replay of the meeting is available at www.ir.theice.com.

Each of the ten director nominees received a majority of the votes cast “for” their election. Each director was elected to a one-year term.

Stockholders approved an advisory resolution on executive compensation, with a majority of the votes cast “for” the proposal.

Ernst & Young LLP was ratified as the Company’s independent registered public accounting firm for 2024, with a majority of the votes cast “for” the ratification of Ernst & Young LLP.

As recommended by ICE’s Board of Directors, stockholders did not approve a stockholder proposal regarding an independent board chairman, with a majority of the votes cast “against” the proposal.

Broadridge Financial Solutions, Inc. served as the Inspector of Elections, which tabulated and verified the results of the stockholder vote.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520276059/en/

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com

investors@ice.com

ICE Media Contact:

Josh King

+1 212 656 2490

josh.king@ice.com

media@ice.com

Source: Intercontinental Exchange

FAQ

What are the results of Intercontinental Exchange's 2024 Annual Meeting of Stockholders?

All ten director nominees were elected, executive compensation was approved, and Ernst & Young LLP was ratified as the independent accounting firm.

When was Intercontinental Exchange's 2024 Annual Meeting of Stockholders held?

The meeting was held on May 17, 2024.

Was the stockholder proposal for an independent board chairman approved at the 2024 Annual Meeting?

No, the proposal was not approved, following the Board's recommendation.

Which accounting firm was ratified as Intercontinental Exchange's independent registered public accounting firm for 2024?

Ernst & Young LLP.