---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-25-000090"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T08:07:18.276401+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Morningstar Board adopts Executive Severance Policy; shareholders reelect directors and ratify KPMG

## Summary
- CEO gets 2x base salary + target bonus over 24 months on non-CIC termination; other named execs get 1x over 12 months.
- Change-in-control severance: CEO receives 2.5x salary+bonus lump sum; other participants receive 1.5x lump sum.
- All 10 director nominees elected; advisory vote on executive compensation approved 37.5M for vs 0.5M against.
- KPMG LLP ratified as independent auditor for 2025 with 39.2M votes for vs 0.2M against.

## SEC filing metadata
- accession: 0001289419-25-000090
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000090/0001289419-25-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000090/morn-20250509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-25-000090
- JSON: https://secwatch.observer/filing/0001289419-25-000090.json
- Plain text: https://secwatch.observer/filing/0001289419-25-000090.txt

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