Form 8-K/A · Current Report · Filed 2024-05-30
MarketAxess CFO Compensation Adjustment
MarketAxess Holdings Inc. amended the compensation agreement for its newly appointed Chief Financial Officer, Ilene Fiszel Bieler, on May 27, 2024. The amendment reduced her expected cash and equity make-whole awards to zero and instead provided her with a new sign-on equity award valued at $750,000, to be granted on June 3, 2024. The sign-on award includes 50% restricted stock units and 50% performance stock units, both subject to vesting conditions and performance criteria.
- Filer
- MarketAxess Holdings Inc. MKTX · NASDAQ
- Filed
- Accession
- 0001193125-24-150352
- CIK
- 0001278021
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$200.41
Next session
-0.7%
Since filing
-19.1%
Latest close
$162.16
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MKTX reporting the same item, with the next session's move:
Exhibits (1)
About MarketAxess Holdings Inc.
MarketAxess Holdings Inc. is a leading operator in the electronic trading platform sector for fixed-income securities. Specializing in the facilitation of bond trading, MarketAxess enhances market efficiency by providing a centralized exchange where institutional investors can engage in seamless transactions of corporate bonds, treasuries, and emerging market debt. Utilizing innovative technology, the company enables efficient price discovery, liquidity aggregation, and trade execution in a traditionally opaque market segment. MarketAxess stands out with features such as its proprietary Open Trading platform, which extends anonymous, all-to-all trading capabilities, thus enhancing access to a broad array of market participants. The firm also integrates data and analytical tools that empower users with valuable market insights and improved decision-making processes. Serving sectors like asset management, banking, and insurance, it plays a pivotal role in modernizing and streamlining the bond trading landscape. Headquartered in New York, MarketAxess' impact is significant in the global financial markets, promoting greater transparency and efficiency. By fostering competitive and fair trading environments, it continues to redefine how fixed-income markets operate, catering to varied institutional needs around the world.
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