secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001193125-23-227721
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq appoints Sarah Youngwood as CFO, succeeding Ann Dennison
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- Sarah Youngwood appointed EVP & CFO effective Dec 1, 2023; Ann Dennison leaves after 8 years, stays as advisor through Dec 31.
- Youngwood's compensation: $700k base salary, 200% target bonus, $10M one-time equity award (50% RSUs, 50% PSUs), $500k signing bonus.
- Dennison receives severance: 18 months base salary plus 2023 target bonus of $975k, continued equity vesting, and one-year non-compete.
- Youngwood previously served as UBS Group CFO and JPMorgan Chase executive, involved in Credit Suisse acquisition and tech transformation.
- Board approved compensation; no family relationships or transactions with the company requiring disclosure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312523227721/0001193125-23-227721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312523227721/d549304d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-227721

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