secwatch.observer — SEC 8-K summary
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Issuer:     MARKETAXESS HOLDINGS INC (MKTX)
CIK:        0001278021
Form:       8-K
Filed at:   2021-08-13T23:59:59+00:00
Accession:  0001193125-21-246132
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketAxess (MKTX) grants enhanced severance protection to executive Gerosa
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- Severance protection agreement with Christopher N. Gerosa approved; initial 5-year term renews automatically.
- Pre-change-in-control severance: 1x base salary plus avg bonus, paid over 12 months; post-CIC: 1.5x lump sum.
- Equity vesting continues for 12 months (pre-CIC) or vests immediately (post-CIC) on qualifying termination.
- COBRA premium coverage for 12 months (pre-CIC) or 18 months (post-CIC); death/disability triggers 0.5x severance.
- Agreement conditioned on signing release and non-compete; indemnification and D&O coverage provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278021/000119312521246132/0001193125-21-246132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278021/000119312521246132/d171710d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-246132

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