CEO Tilly resigns after violating personal relationship policy; Tomczyk named new CEO

Cboe Global Markets, Inc.

Tilly resigned Sept 18, 2023 after board investigation found personal relationships with colleagues in violation of policy.
Conduct unrelated to strategy, financials, or operations; Tilly receives pro-rata equity treatment per contract.
Fredric Tomczyk, former TD Ameritrade CEO and board member since 2019, appointed CEO immediately.
William Farrow III becomes non-executive Chairman, replacing his prior role as lead director.
Tomczyk compensation: $1M base salary, 165% target bonus, $7.15M RSU vesting over 3 years.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Fredric J. Tomczyk

Chief Executive Officer

CBOE · Cboe Global Markets, Inc.

Effective: 2023-09-18
Filed: September 19, 2023, 7:59 PM ET

the appointment of Fredric J. Tomczyk, an existing director of the Company, as Chief Executive Officer of the Company, effective as of the Effective Date.

Departed

Edward T. Tilly

Chief Executive Officer

CBOE · Cboe Global Markets, Inc.

Effective: 2023-09-18
Successor: Fredric J. Tomczyk
Filed: September 19, 2023, 7:59 PM ET

On September 18, 2023, Edward T. Tilly, Chief Executive Officer of Cboe Global Markets, Inc. (the “Company”), resigned and voluntarily terminated his employment with the Company without Good Reason (as defined under his existing employment agreement with the Company), effective as of September 18, 2023

Departed

Edward T. Tilly

Director

CBOE · Cboe Global Markets, Inc.

Effective: 2023-09-18
Filed: September 19, 2023, 7:59 PM ET

Mr. Tilly also resigned from the Company’s Board of Directors (the “Board”), effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Fredric J. Tomczyk was appointed as Chief Executive Officer at Cboe Global Markets, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the appointment of Fredric J. Tomczyk, an existing director of the Company, as Chief Executive Officer of the Company, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward T. Tilly resigned as Chief Executive Officer at Cboe Global Markets, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On September 18, 2023, Edward T. Tilly, Chief Executive Officer of Cboe Global Markets, Inc. (the “Company”), resigned and voluntarily terminated his employment with the Company without Good Reason (as defined under his existing employment agreement with the Company), effective as of September 18, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward T. Tilly resigned as Director at Cboe Global Markets, Inc..

Action: resigned
Role: Director

Exact text from the filing

Mr. Tilly also resigned from the Company’s Board of Directors (the “Board”), effective as of the Effective Date.

View on SEC.gov

Cboe Global Markets, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-101775

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