Nasdaq Announces Results from 2024 Annual Meeting of Shareholders

Rhea-AI Summary

On June 11, 2024, Nasdaq (NDAQ) held its Annual Meeting of Shareholders, announcing the election of all 12 nominated directors. Kathryn A. Koch, with over 20 years of asset management experience, joins as an independent director. Adena T. Friedman was re-elected as Chair of the Board. The elected directors will serve one-year terms. Other board members include executives from AT&T, General Electric, TCW Group, Thoma Bravo, Applied Materials, SEB, SAIC, InvestCloud, and Siris Capital Group. Shareholders also approved executive compensation and Ernst & Young LLP as the accounting firm for the fiscal year ending December 31, 2024. A proposal for special shareholder meeting improvements was not approved.

Positive

• All 12 nominated directors elected, ensuring continuity in leadership.
• Kathryn A. Koch, with significant asset management experience, joins the board.
• Adena T. Friedman re-elected as Chair of the Board, providing stability.
• Shareholders approved executive compensation, reflecting confidence in management.
• Ratification of Ernst & Young LLP as the accounting firm, indicating financial oversight.

Negative

• Shareholder proposal for special meeting improvements was not approved, signaling potential dissatisfaction among some investors.

All 12 Nominated Directors Elected

Kathryn A. Koch Joins the Board of Directors as a Newly Elected Independent Director

Nasdaq Board Re-elects Adena T. Friedman as Chair of the Board

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) shareholders elected all nominated directors at the company’s Annual Meeting of Shareholders on Tuesday, June 11, 2024. All directors will serve one-year terms. The elected board members are:

• Melissa M. Arnoldi, EVP and Chief Customer Officer, AT&T Consumer
• Charlene T. Begley, Retired SVP and CIO, General Electric Company
• Adena T. Friedman, Chair and CEO, Nasdaq
• Essa Kazim, Governor, Dubai International Financial Centre
• Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited
• Kathryn A. Koch, President and CEO, The TCW Group, Inc.
• Holden Spaht, Managing Partner, Thoma Bravo
• Michael R. Splinter, Retired Chairman and CEO, Applied Materials, Inc.
• Johan Torgeby, President and CEO, Skandinaviska Enskilda Banken (SEB)
• Toni Townes-Whitley, CEO, Science Applications International Corp. (SAIC)
• Jeffery W. Yabuki, Chairman and CEO, InvestCloud; Chairman and Founding Partner, Motive Partners
• Alfred W. Zollar, Executive Advisor, Siris Capital Group, LLC

As part of Nasdaq’s Board refreshment process, Kathryn A. Koch was newly elected to Nasdaq’s Board of Directors. With more than 20 years of experience in the asset management industry, Koch has an extensive background of expertise in investment management, strategy, managing a P&L, client relationships, and human capital management.

The Nasdaq Board of Directors also re-elected Adena T. Friedman as Chair of the Board for a one-year term.

In addition, Nasdaq shareholders approved the following proposals:

• The company’s executive compensation on an advisory basis; and
• Ratification of the appointment of Ernst & Young LLP as Nasdaq’s independent registered public accounting firm for the fiscal year ending December 31, 2024.

The shareholders did not approve a shareholder proposal relating to a special shareholder meeting improvement.

For additional information on Nasdaq’s corporate governance, please visit: https://ir.nasdaq.com/corporate-governance/nasdaq-inc/board-of-directors.

About Nasdaq:

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Nasdaq Media Contacts:

Nick Jannuzzi
+1.973.760.1741
Nicholas.Jannuzzi@Nasdaq.com

Nick Eghtessad
+1.929.996.8894
Nick.Eghtessad@Nasdaq.com

Investor Relations Contact

Ato Garrett
+1.212.401.8737
Ato.Garrett@Nasdaq.com

-NDAQF-

FAQ

What were the results of Nasdaq's 2024 Annual Meeting of Shareholders?

All 12 nominated directors were elected, Kathryn A. Koch joined as a new director, and Adena T. Friedman was re-elected as Chair of the Board. Shareholders approved executive compensation and retained Ernst & Young LLP as the accounting firm.

Who was newly elected to Nasdaq's Board of Directors in 2024?

Kathryn A. Koch, with over 20 years of experience in asset management, was newly elected to the board.

Did Nasdaq shareholders approve the executive compensation in 2024?

Yes, Nasdaq shareholders approved the company's executive compensation on an advisory basis.

Which accounting firm was ratified by Nasdaq shareholders for 2024?

Nasdaq shareholders ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.

Was the proposal for special shareholder meeting improvements approved at Nasdaq's 2024 Annual Meeting?

No, the proposal for special shareholder meeting improvements was not approved by the shareholders.