secwatch.observer — SEC 8-K summary
======================================

Issuer:     Virtu Financial, Inc. (VIRT)
CIK:        0001592386
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0000950142-21-002647
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Director Glenn Hutchins resigns; company updates share repurchase progress
--------------------------------------------------------------------------

- Glenn Hutchins resigned from Board effective Aug 17, 2021 after Ordinal Holdings repurchase triggered reduced nomination rights.
- Board now has 11 directors; Robert Greifeld remains Chairman.
- As of Aug 13, 2021, repurchased 11,064,638 shares for $302.6M of $470M authorization at avg $27.35.
- In Q3 2021 through Aug 13, repurchased 3,992,900 shares for $104.0M at avg $26.05.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592386/000095014221002647/0000950142-21-002647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592386/000095014221002647/eh210177721_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-002647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer