---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-015293"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2026-01-16T23:59:59+00:00"
generated_at: "2026-05-16T09:44:03.572783+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Nasdaq adopts charter amendment for officer exculpation and modernizes bylaws

## Summary
- Shareholder-approved charter amendment to limit officer liability (exculpation) filed with Delaware, effective Jan 14, 2026, after SEC approval.
- Bylaws amended to modernize advance notice for stockholder nominations and business proposals, including universal proxy card provisions.
- Bylaws updated for Delaware General Corporation Law changes, emergency provisions, and exclusive forum clause for certain claims.
- Amendments provide operational flexibility and clarify administrative provisions.

## SEC filing metadata
- accession: 0001193125-26-015293
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2026-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312526015293/0001193125-26-015293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312526015293/d71294d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-015293
- JSON: https://secwatch.observer/filing/0001193125-26-015293.json
- Plain text: https://secwatch.observer/filing/0001193125-26-015293.txt

## Source-grounded claims
- claim_id: a320c449085222905da56f7a48b999c8f166ffd9
  claim: NASDAQ, INC.: Amendments modernizing advance notice, universal proxy, operational flexibility, DGCL updates, emergency bylaw, and forum selection provisions (effective 2026-01-14).
  evidence_excerpt: On April 23, 2025, Nasdaq’s Board of Directors approved amendments to the By-Laws of the Company (the “By-Laws” and the amendments thereto, the “By-Laws Amendments”), which amendments were also subject to the approval of the SEC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312526015293/0001193125-26-015293-index.htm
- claim_id: f5d1146ce31664d78b934fb15138ac78a8c9e9aa
  claim: NASDAQ, INC.: Approved certificate of amendment to provide for limited officer exculpation (effective 2026-01-14).
  evidence_excerpt: Nasdaq’s shareholders approved a certificate of amendment to Nasdaq’s Amended and Restated Certificate of Incorporation to provide for limited officer exculpation (the “Charter Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312526015293/0001193125-26-015293-index.htm

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