INTERACTIVE BROKERS GROUP, INC. (NASDAQ:IBKR) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
Interactive Brokers Group, Inc.announced today that Mr. Thomas Peterffy, Chairman and Chief Executive Officer of the Company, and his affiliates, intend to adopt a trading plan in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934 and the Company’s Employee Trading Policy.Following the Company’s July 2019 earnings announcement, an annually renewable trading plan will be adopted to which approximately 20,000 shares of Class A common stock will be sold each trading day at prevailing market prices, subject to any minimum price and volume thresholds and other terms to be set forth in the trading plan.The shares of Class A common stock to be sold under the trading plan will be acquired to the terms of that certain Exchange Agreement, previously filed by the Company as exhibit 10.3 to its Form 10-Q filed on November 11, 2009, as amended by that certain amendment previously filed as exhibit 10.1 to the Form 8-K filed on June 12, 2012 and as further amended by that certain amendment filed as exhibit 10.1 to the Form 10-Q on November 9, 2015.It is expected the trading plan will be renewed annually.The transactions will be disclosed in accordance with applicable securities laws, rules and regulations through appropriate filings with the Securities and Exchange Commission, as applicable.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
|
Exhibit Number |
Description |
|
10.1 |
Exchange Agreement by and among Interactive Brokers Group,Inc., IBG HoldingsLLC, IBGLLC and the Members of IBGLLC (filed as Exhibit10.3 to the Quarterly Report on Form10‑Q for the Quarterly Period Ended September30, 2009 filed by the Company on November11, 2009).** |
|
10.2 |
Interactive Brokers Group,Inc. Amendment to the Exchange Agreement (filed as Exhibit10.1 to the Form8‑K filed by the Company on June6, 2012).** |
|
10.3 |
Second Amendment to Exchange Agreement by and among Interactive Brokers Group, Inc., IBG Holdings LLC, IBG (filed as Exhibit 10.1 to the Quarterly Report on Form 10-Q for the Quarterly Period Ended September 31, 2015 filed by the Company on November 9, 2015).** |
**Previously filed; incorporated herein by reference.
***
About INTERACTIVE BROKERS GROUP, INC. (NASDAQ:IBKR)
Interactive Brokers Group, Inc. (IBG, Inc.) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 100 electronic exchanges and trading venues around the world. It operates in two segments: electronic brokerage and market making. Its primary assets are its membership interests of IBG LLC (the Group), the holding company for its businesses. The Company is the sole managing member of IBG LLC. As a direct market access broker, the Company serves the customers of both traditional brokers and prime brokers. It provides its customers with order management, trade execution and portfolio management platform. As a market maker, it provides continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world.