secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001289419-24-000160
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar names Michael Holt as CFO; dividend raised 12.3% to $0.455
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- CFO Jason Dubinsky to step down Dec 31, 2024; Michael Holt (current Chief Strategy Officer) succeeds Jan 1, 2025.
- Quarterly dividend increased 12.3% to $0.455 per share for 2025; payable date not specified.
- Leverage reduced to ~1.2x funded indebtedness/EBITDA as of Sep 30, 2024; debt paydown completes.
- Divested Commodity & Energy data business in Q3 2024; TAMP transfer to AssetMark completed Dec 1, 2024.
- Morningstar Credit revenue rose 35.7% in nine months through Sep 30, 2024 vs prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941924000160/0001289419-24-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941924000160/morn-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001289419-24-000160

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