Miami International (MIAX) adopts Senior Executive Annual Bonus Plan effective 2026
Rhea-AI Filing Summary
Miami International Holdings, Inc. adopted a new Senior Executive Annual Bonus Plan effective for performance periods beginning January 1, 2026. The plan covers executive officers and other employees designated by the CEO, with administration handled by the Board’s Compensation Committee for executives and by the CEO for other participants.
Awards will be earned based on performance metrics set for each performance period, which the company expects to be each fiscal year. Earned bonuses may be paid in cash or in common stock issued under the company’s 2022 Equity Incentive Plan and are subject to the company’s clawback policy and applicable law. The full plan text will be filed as an exhibit to the Form 10-Q for the quarter ended June 30, 2026.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Terms
Senior Executive Annual Bonus Plan, Compensation Committee, 2022 Equity Incentive Plan, clawback policy, +1 more
5 terms
Senior Executive Annual Bonus Plan financial
"approved and adopted the Miami International Holdings, Inc. Senior Executive Annual Bonus Plan (the “Bonus Plan”)"
Compensation Committee financial
"the Compensation Committee (the “Compensation Committee”) of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
2022 Equity Incentive Plan financial
"cash or common stock granted under the Company’s 2022 Equity Incentive Plan"
clawback policy financial
"Payments in respect of earned awards under the Bonus Plan are subject to the Company’s clawback policy"
A clawback policy is a company rule that lets the firm take back pay, bonuses or stock awards from current or former executives if results are later found to be incorrect, misconduct occurred, or targets were missed. It matters to investors because it helps protect the value of their holdings by discouraging risky or fraudulent behavior and ensuring executive rewards reflect real, verified performance—think of it as a return policy for executive pay.
executive officers financial
"to be effective for performance periods beginning January 1, 2026 for executive officers and other employees"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Miami International Holdings (MIAX) announce in this 8-K?
Miami International Holdings approved a Senior Executive Annual Bonus Plan effective for 2026 performance periods. The plan governs how executive officers and certain employees can earn annual bonuses based on defined performance metrics set for each fiscal-year performance period.
When does the MIAX Senior Executive Annual Bonus Plan take effect?
The Senior Executive Annual Bonus Plan is effective for performance periods beginning January 1, 2026. The company expects each performance period to align with its fiscal year, so bonuses will generally be determined and paid based on full-year performance results.
Who is covered by the MIAX Senior Executive Annual Bonus Plan?
The plan covers Miami International Holdings’ executive officers and other employees designated by the CEO. The Compensation Committee administers the plan for executive officers, while the CEO administers it for all other eligible participants included under the program.
How will bonuses be determined under the MIAX Senior Executive Annual Bonus Plan?
Bonuses will be earned based on performance metrics set for each performance period. The administrator, either the Compensation Committee or the CEO, will determine the applicable metrics and assess whether required performance levels are met for the fiscal-year period.
In what form can MIAX bonus payments be made under the new plan?
Payments under the Senior Executive Annual Bonus Plan may be made in cash or in shares of common stock granted under the company’s 2022 Equity Incentive Plan. This structure allows the company to use either cash compensation or equity-based awards for earned bonuses.
Is the MIAX Senior Executive Annual Bonus Plan subject to a clawback policy?
Yes. Payments made under the Senior Executive Annual Bonus Plan are subject to Miami International Holdings’ clawback policy. They are also subject to applicable law, meaning certain bonus amounts may be recovered if future conditions outlined in those policies or laws are triggered.
Where can investors access the full MIAX Senior Executive Annual Bonus Plan document?
The company expects to file the full text of the Senior Executive Annual Bonus Plan as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. Investors can review that filing once it becomes publicly available.