Nasdaq amends Stockholders' Agreement with Investor AB, reinstates board nomination right and standstill

NASDAQ, INC.

Amendment dated Dec. 14, 2022 reinstates Investor AB's right to propose one board nominee, subject to Nominating & ESG Committee approval.
Johan Torgeby (President & CEO of SEB) is designated as Investor AB's board representative until Nasdaq's 2024 annual meeting.
Standstill restrictions are reinstated and will lapse when Investor AB owns <10% of Nasdaq common stock, upon a change of control, or other specified events.
Board representation right also terminates upon Investor AB's withdrawal or Nasdaq's decision not to support the designee.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NASDAQ, INC. amended First Amendment to Nasdaq Stockholders’ Agreement with Investor AB (effective 2022-12-14).

Action: amendment
Counterparty: Investor AB
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, Nasdaq, Inc. (“Nasdaq”) entered into the First Amendment to Nasdaq Stockholders’ Agreement (the “Amended Stockholders’ Agreement”) with Investor AB (“Investor AB”), amending the original stockholders’ agreement that was entered into between Nasdaq and Investor AB on December 16, 2010

View on SEC.gov

Browse all material agreements →

NASDAQ, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-307314

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.