New independent directors join MarketAxess (NASDAQ: MKTX) board
Rhea-AI Filing Summary
MarketAxess Holdings Inc. reported changes to its Board of Directors. The Board elected Douglas A. Cifu and Kenneth T. Schiciano to serve as directors, effective March 1, 2026. The Board determined that both are independent under Nasdaq listing rules and the company’s corporate governance guidelines.
The Board plans to assign them to one or more Board committees later, and those initial committee assignments will be disclosed in a future amendment. There were no special arrangements leading to their elections and no related-party transactions over $120,000 involving either director. They will receive the same compensation structure as other non-employee directors, as previously described in the company’s April 23, 2025 proxy statement. The company also issued a press release about these appointments, furnished as Exhibit 99.1.
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FAQ
What did MarketAxess (MKTX) announce in this 8-K filing?
MarketAxess Holdings Inc. announced that its Board elected Douglas A. Cifu and Kenneth T. Schiciano to the Board of Directors, with their service effective March 1, 2026. The company also furnished a press release as Exhibit 99.1 describing these appointments.
When do the new MarketAxess (MKTX) directors take office?
Douglas A. Cifu and Kenneth T. Schiciano are scheduled to begin serving on the MarketAxess Board of Directors effective March 1, 2026, according to the filing.
Are the new MarketAxess (MKTX) directors considered independent?
Yes. The Board determined that both Douglas A. Cifu and Kenneth T. Schiciano are independent under applicable Nasdaq listing rules and the company’s Corporate Governance Guidelines.
Will the new MarketAxess (MKTX) directors serve on Board committees?
The Board expects to appoint each of Douglas A. Cifu and Kenneth T. Schiciano to one or more Board committees at a later date. Those initial committee assignments will be disclosed in a future amendment.
Do the new MarketAxess (MKTX) directors have related-party transactions with the company?
The filing states there have been no transactions since the beginning of the last fiscal year, and no currently proposed transactions, in which MarketAxess or its subsidiaries participated, the amount involved exceeded $120,000, and either new director had a direct or indirect material interest.
How will the new MarketAxess (MKTX) directors be compensated?
Douglas A. Cifu and Kenneth T. Schiciano will be eligible for the same compensation structure as other non-employee directors of MarketAxess, as described in the definitive proxy statement filed on April 23, 2025.
What disclosure did MarketAxess (MKTX) make under Regulation FD?
Under Item 7.01, MarketAxess noted that it issued a press release on January 26, 2026 announcing the election of the new directors. This release is attached as Exhibit 99.1 and is furnished, not filed, for purposes of certain securities law liability provisions.