secwatch.observer — SEC 8-K summary
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Issuer:     CME GROUP INC. (CME)
CIK:        0001156375
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001193125-23-067672
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CME Group finalizes CFO retirement, new severance plan for U.S. employees
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- John W. Pietrowicz to retire as CFO effective 4/1/23; stays as Special Advisor through 12/31/23 with $600K base salary, 100% bonus target, 300% equity target.
- New severance plan replaces prior plans; provides 2 weeks pay per year of service, min 4 weeks, max 38 (performance) or 52 (position elimination) weeks.
- Severance eligibility requires release of claims; bonus in lieu available for non-performance RIF terminations after 6 months of work.
- Plan effective 3/7/23 and covers U.S. employees of Chicago Mercantile Exchange, NYMEX, and NEX Services North America LLC.
- Compensation Committee of Board serves as Plan Administrator with full discretionary authority over eligibility and benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1156375/000119312523067672/0001193125-23-067672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1156375/000119312523067672/d472500d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-067672

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