---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-009907"
form_type: "8-K/A"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T01:55:42.840994+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Morningstar updates departure of Chief Talent & Culture Officer Bevin Desmond; transitions to contractor.

## Summary
- Bevin Desmond's employment ended Jan 31, 2023; she is now a contractor through March 31, 2023 at $350/hour.
- Separation Agreement provides continued vesting of unvested RSUs and MSUs as if she had remained employed.
- CEO Kunal Kapoor must pre-approve non-routine expenses; Desmond is classified as independent contractor with no benefits.
- Non-solicitation of Morningstar employees applies for one year after contract ends.

## SEC filing metadata
- accession: 0001104659-23-009907
- form_type: 8-K/A
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000110465923009907/0001104659-23-009907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000110465923009907/tm235278d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-009907
- JSON: https://secwatch.observer/filing/0001104659-23-009907.json
- Plain text: https://secwatch.observer/filing/0001104659-23-009907.txt

## Key facts
- Executive change
  Bevin Desmond departed as Chief Talent and Culture Officer at Morningstar, Inc..
  - Action: departed
  - Role: Chief Talent and Culture Officer
  source text: Ms. Desmond’s last day of employment as Morningstar’s Chief Talent and Culture Officer was January 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289419/000110465923009907/0001104659-23-009907-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.