VIRTU FINANCIAL, INC. (NASDAQ:VIRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTFAIN OFFICERS. |
announced that its Executive Chairman and Founder, Vincent J.
Viola, was nominated by President-Elect Donald Trump to serve
as Secretary of the Army, subject to ratification and
confirmation by the United States Senate.
director and Executive Chairman of the board of directors of
the Company (the Board), effective upon his nomination to serve
as Secretary of the Army being ratified and confirmed by the
United States Senate. Mr. Viola has informed the Company that
he will seek an orderly transition from his position as
Executive Chairman of the Board and from the Boards Nominating
and Corporate Governance Committee in the event that he is
confirmed.
communicated to the Company that it does not intend to divest
its holdings as a result of the nomination or confirmation.
appointed Mr. Douglas A. Cifu, the Companys Chief Executive
Officer and a current director of the Board, as Chairman of the
Board, contingent upon Mr. Violas nomination to serve as
Secretary of the Army being ratified and confirmed by the
United States Senate.
Board will consist of seven directors. The Board may seek to
add one or more new directors as business needs and
opportunities arise.
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ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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Exhibit No.
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Description
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99.1
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Press release of Virtu Financial, Inc., dated December
19, 2016. |
About VIRTU FINANCIAL, INC. (NASDAQ:VIRT)
Virtu Financial, Inc. is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions. It has a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools in various countries around the world. It makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities. It makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors. VIRTU FINANCIAL, INC. (NASDAQ:VIRT) Recent Trading Information
VIRTU FINANCIAL, INC. (NASDAQ:VIRT) closed its last trading session up +0.30 at 15.80 with 226,555 shares trading hands.