Form 8-K · Current Report · Filed 2024-06-17
MSCI Appoints New Chief Accounting Officer
MSCI Inc. announced on June 17, 2024, the appointment of C. Jack Read as its new Global Controller and Chief Accounting Officer, effective August 8, 2024. Mr. Read, previously with Citizens Financial Group, Inc., will succeed Andrew C. Wiechmann, the current Chief Financial Officer, as the principal accounting officer. His compensation package includes a base salary of $500,000, an annual cash bonus target of $500,000, and a long-term incentive plan award target of $600,000. Additionally, Mr. Read will receive a sign-on cash bonus of $800,000, payable in three installments over two years, and a sign-on award of restricted stock units with a target grant date value of $500,000.
- Filer
- MSCI Inc. MSCI · NYSE
- Filed
- Accession
- 0001408198-24-000124
- CIK
- 0001408198
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$480.53
Next session
-0.8%
Since filing
+19.1%
Latest close
$572.24
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MSCI reporting the same item, with the next session's move:
About MSCI Inc.
MSCI Inc. is a global provider of investment decision support tools, offering products and services that include indices, portfolio risk, and performance analytics. The company's indices, such as the MSCI World, MSCI Emerging Markets, and MSCI EAFE, serve as key benchmarks for international equity markets and are widely utilized by institutional investors and asset managers for portfolio management and performance measurement. MSCI's offerings are critical in the construction and management of both active and passive investment portfolios, impacting sectors across the financial industry. Headquartered in New York City, MSCI supports investment decisions by integrating financial modeling tools, data metrics, and ethical analysis, including Environmental, Social, and Governance (ESG) ratings, to help investors better manage risk and improve transparency. Its extensive global reach and innovative solutions play a pivotal role in shaping the landscape of financial investment strategies worldwide.
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