Nasdaq, Inc. (NASDAQ:NDAQ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
| (d) | Election of Directors. |
(1) On July25, 2017, the Nasdaq, Inc. (“Nasdaq”) board of directors elected John D. Rainey as a director effective immediately. Nasdaq’s board has determined that Mr.Rainey is an “independent” director.
(2) Not applicable.
(3) Mr.Rainey was appointed to the audit and finance committees of Nasdaq’s board of directors.
(4) Mr.Rainey is Executive Vice President and Chief Financial Officer of PayPal Holdings, Inc., which is a customer of Nasdaq. Since January1, 2016, PayPal or its subsidiaries paid Nasdaq or its subsidiaries approximately $0.5 million, primarily for listing and corporate solutions products and services in the ordinary course of business.
(5) Mr.Rainey will be compensated under Nasdaq’s board compensation policy for the full 2017-2018 board compensation year.
A copy of the press release announcing Mr.Rainey’s election is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02. Financial Statements and Exhibits.
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Exhibit No. |
Exhibit Description |
| 99.1 | Press Release dated July 26, 2017. |
NASDAQ, INC. ExhibitEX-99.1 2 d435788dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Jul 26,…To view the full exhibit click here
About Nasdaq, Inc. (NASDAQ:NDAQ)
Nasdaq, Inc. (Nasdaq), formerly The NASDAQ OMX Group, Inc., is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions. Its Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing (FICC), and access and broker services businesses. Its Listing Services segment includes its United States and European Listing Services businesses. Its Information Services segment includes its Data Products and Index Licensing and Services businesses. Its Technology Solutions segment includes Corporate Solutions and Market Technology businesses.
