secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001193125-25-053028
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq enters new employment agreements with CEO Friedman, President Cohen, and CIO Peterson
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- CEO Adena Friedman's agreement runs through Jan 1, 2030; base salary $1.4M, target bonus 300%, 2025 equity award at least $15M.
- President Tal Cohen's agreement runs through Jan 1, 2030; base $750k, target bonus 200%, plus one-time $7M equity grant.
- CIO Bradley Peterson's agreement runs through Jan 1, 2028; base $650k, target bonus 175%, 2025 equity award $3.2M.
- All agreements include enhanced severance for qualifying termination and change-in-control protection.
- Executives may give 12-month retirement notice: Friedman after Dec 31, 2027; Cohen after Jan 1, 2027; Peterson after Dec 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312525053028/0001193125-25-053028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312525053028/d937707d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-053028

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