MarketAxess (NASDAQ: MKTX) CIO to depart as company lines up new CTO

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

MarketAxess Holdings Inc. reported a planned leadership change in its technology organization. Following a comprehensive search, the company has identified a new Chief Technology Officer, whose name will be announced in a press release later in the first quarter of 2026. At the same time, the company determined that Naineshkumar Panchal’s role as Chief Information Officer will end effective April 1, 2026. His departure is characterized as a termination without “Cause” under his Severance Protection Agreement dated March 1, 2022, which entitles him to severance payments and benefits in line with that agreement, contingent on his signing a general release of claims.

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.

Understanding 8-K Material Events →

02/17/2026 - 05:00 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): February 16, 2026

    

MARKETAXESS HOLDINGS INC.

(Exact name of Registrant as Specified in Its Charter)


Delaware	001-34091	52-2230784
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

55 Hudson Yards 15th Floor
New York, New York		10001
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (212) 813-6000

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.003 par value	MKTX	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Following a comprehensive search, on February 16, 2026, MarketAxess Holdings Inc. (the “Company”), identified a new Chief Technology Officer. Concurrently, the Company determined that Naineshkumar Panchal’s service as Chief Information Officer will end effective April 1, 2026. The Company expects to announce the identity of its new Chief Technology Officer in a press release later in the first quarter of 2026.

Mr. Panchal’s separation is considered a termination without “Cause” under his Severance Protection Agreement, dated March 1, 2022, and he will be entitled to receive certain severance payments and benefits in accordance with such agreement, subject to his execution of a general release of claims.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			MARKETAXESS HOLDINGS INC.

Date:	February 17, 2026	By:	/s/ Scott Pintoff
			Name: Scott Pintoff Title: General Counsel & Corporate Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did MarketAxess (MKTX) disclose in this 8-K?

MarketAxess disclosed a planned change in its technology leadership. It has identified a new Chief Technology Officer and decided that current Chief Information Officer Naineshkumar Panchal will leave his role effective April 1, 2026.

When will MarketAxess (MKTX) announce the new Chief Technology Officer?

The company plans to announce the identity of its new Chief Technology Officer in a press release later in the first quarter of 2026. The 8-K notes the search is complete and a candidate has been identified.

When does the MarketAxess CIO Naineshkumar Panchal’s role end?

Naineshkumar Panchal’s service as Chief Information Officer will end effective April 1, 2026. This planned date provides a transition window after the company’s identification of a new Chief Technology Officer.

How is Naineshkumar Panchal’s departure from MarketAxess (MKTX) classified?

His separation is treated as a termination without “Cause” under his Severance Protection Agreement dated March 1, 2022. That classification governs his eligibility for contractual severance payments and benefits.

What severance will the departing MarketAxess CIO receive?

Under his Severance Protection Agreement, Mr. Panchal is entitled to certain severance payments and benefits. These are contingent on his execution of a general release of claims, as specified in the agreement’s terms.

Does MarketAxess (MKTX) specify financial impacts from this leadership change?

The disclosure focuses on governance and employment terms, not specific financial impacts. It describes the leadership transition, effective date of April 1, 2026, and severance treatment under the existing Severance Protection Agreement.

Filing Exhibits & Attachments

1 document