secwatch.observer — SEC 8-K summary
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Issuer:     Cboe Global Markets, Inc. (CBOE)
CIK:        0001374310
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001104659-23-101775
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374310/000110465923101775/0001104659-23-101775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374310/000110465923101775/tm2326345d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101775

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