---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-141406"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T06:03:09.029894+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Nasdaq elects 12 directors, approves compensation, ratifies E&Y, passes officer exculpation amendment

## Summary
- All 12 director nominees elected with >95% of votes cast; Holden Spaht received 390.8M for votes.
- Executive compensation approved on advisory basis with 374.96M for (96% of votes cast).
- Ernst & Young ratified as independent auditor for FY2025 with 393.77M for (95% approval).
- Charter amendment to allow limited officer exculpation passed with 353.2M for (90% of votes cast).
- Broker non-votes totaled ~24.97M shares on director elections, compensation, and charter amendment.

## SEC filing metadata
- accession: 0001193125-25-141406
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2025-06-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312525141406/0001193125-25-141406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312525141406/d922347d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-141406
- JSON: https://secwatch.observer/filing/0001193125-25-141406.json
- Plain text: https://secwatch.observer/filing/0001193125-25-141406.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.