secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K/A
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001104659-23-009907
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000110465923009907/0001104659-23-009907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000110465923009907/tm235278d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-009907

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