false 0001120193 0001120193 2023-06-21 2023-06-21 0001120193 ndaq:CommonStock.01parvaluepershareMember 2023-06-21 2023-06-21 0001120193 ndaq:ZeroPointNineZeroZeroSeniorUnsecuredNotesDue2033Member 2023-06-21 2023-06-21 0001120193 ndaq:ZeroPointEightSevenFivePercentSeniorNotesDue2030Member 2023-06-21 2023-06-21 0001120193 ndaq:OnePointSevenFivePercentSeniorNotesDue2029Member 2023-06-21 2023-06-21





Washington, D.C. 20549



Form 8-K




Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 21, 2023



Nasdaq, Inc.

(Exact name of registrant as specified in its charter)




Delaware   001-38855   52-1165937

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)


151 W. 42nd Street,

New York, New York

(Address of principal executive offices)   (Zip code)

Registrant’s telephone number, including area code: +1 212 401 8700

No change since last report

(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




Name of each exchange

on which registered

Common Stock, $0.01 par value per share   NDAQ   The Nasdaq Stock Market
0.900% Senior Notes due 2033   NDAQ33   The Nasdaq Stock Market
0.875% Senior Notes due 2030   NDAQ30   The Nasdaq Stock Market
1.75% Senior Notes due 2029   NDAQ29   The Nasdaq Stock 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 5.07. Submission of Matters to a Vote of Security Holders.

On June 21, 2023, the Company held its 2023 Annual Meeting of Shareholders, and the Company’s shareholders took the following actions: (i) elected each of the Company’s eleven nominees for director to serve until the 2024 Annual Meeting of Shareholders and until their successors are duly elected and qualified, (ii) approved the Company’s executive compensation on an advisory basis, (iii) approved an advisory vote to conduct future advisory votes on executive compensation every year, (iv) ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 and (v) did not approve the shareholder proposal entitled “Independent Board Chairman.”

The table below shows the voting results, which exclude excess shares that were ineligible to vote as a result of the 5% voting limitation in the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter”).


     FOR      AGAINST      ABSTAIN      BROKER

Proposal 1: Election of Directors


Melissa M. Arnoldi

     290,363,032        3,855,238        186,345        22,843,855  

Charlene T. Begley

     286,350,638        7,869,691        184,286        22,843,855  

Steven D. Black

     280,754,204        13,425,303        225,108        22,843,855  

Adena T. Friedman

     276,113,239        17,583,404        707,972        22,843,855  

Essa Kazim

     292,007,387        2,162,716        234,512        22,843,855  

Thomas A. Kloet

     291,623,529        2,586,093        194,993        22,843,855  

Michael R. Splinter

     281,844,862        12,399,173        160,580        22,843,855  

Johan Torgeby

     293,779,177        466,555        158,883        22,843,855  

Toni Townes-Whitley

     290,742,055        3,463,162        199,398        22,843,855  

Jeffery W. Yabuki

     293,846,632        355,513        202,470        22,843,855  

Alfred W. Zollar

     290,275,920        3,957,146        171,549        22,843,855  

Proposal 2: Approval of the Company’s Executive Compensation on an Advisory Basis

     277,610,720        16,213,058        580,837        22,843,855  

     ONE YEAR    TWO

Proposal 3: Advisory Vote on the Frequency of Future Advisory Votes on Executive

   290,907,367    260,629    3,096,949    139,670    22,843,855



Proposal 4: Ratification of the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023

   303,129,640    13,983,541    135,289   

Proposal 5: Shareholder Proposal – “Independent Board Chairman”

   82,465,270    211,434,174    505,171    22,843,855

Consistent with its shareholder vote on Proposal 3, Nasdaq shall include an advisory vote of the shareholders on executive compensation in Nasdaq’s proxy materials every year until the next shareholder vote on the frequency of advisory votes on executive compensation.


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.


Dated: June 27, 2023     NASDAQ, INC.

/s/ John A. Zecca

    Name:   John A. Zecca
    Title:   Executive Vice President and Chief Legal Officer