secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARKETAXESS HOLDINGS INC (MKTX)
CIK:        0001278021
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001193125-23-004112
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketAxess promotes Chris Concannon to CEO; McVey becomes Executive Chairman effective April 3, 2023
--------------------------------------------------------------------------------

- Effective April 3, 2023, Chris Concannon (previously President/COO) becomes CEO; Richard McVey becomes Executive Chairman.
- Concannon's new CEO employment agreement provides $650K base salary, annual cash bonus, and equity (RSU $1.05M, PSU $2.45M).
- McVey's Executive Chairman agreement provides $650K base salary, annual cash bonus, and 24-month severance upon certain terminations.
- Concannon has over 20 years of electronic markets experience, including as CEO of Bats and COO of Cboe.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278021/000119312523004112/0001193125-23-004112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278021/000119312523004112/d408729d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-004112

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