CBOE Holdings Announces 2016 Annual Meeting Results
All 14 board of director nominees received a majority of votes cast, with at least 86 percent of the votes cast "for" each of the nominees. The elected board members will serve one-year terms expiring in 2017:
- James R. Boris
- R. Eden Martin
- William J. Brodsky
- Roderick A. Palmore
- Frank E. English, Jr.
- Susan M. Phillips
- William M. Farrow III
- Samuel K. Skinner
- Edward J. Fitzpatrick
- Carole E. Stone
- Janet P. Froetscher
- Eugene S. Sunshine
- Jill R. Goodman
- Edward T. Tilly
William M. Farrow III is a new member of the CBOE Holdings board of directors. He currently serves as a director and the President and Chief Executive Officer of Urban Partnership Bank, a position he has held since 2010. Prior to that, he was the Managing Partner and Chief Executive Officer of FC Partners Group, LLC from 2007 to 2009, the Executive Vice President and Chief Information Officer of The
Additionally, in his remarks to shareholders, Chairman William Brodsky announced he does not intend to be a candidate for director in 2017. Brodsky has been with the Company since 1997, serving as Chairman and Chief Executive Officer of CBOE Holdings since its initial public offering in 2010 and of CBOE since 1997 until he stepped down as CEO of CBOE Holdings and CBOE in May 2013.
In the coming year, the CBOE Holdings board intends to review its leadership structure, including considering the option to combine the roles of Chairman and Chief Executive Officer, while continuing to appoint an independent Lead Director, based upon what it believes to be in the best interests of its shareholders.
In the other proposals, shareholders:
- endorsed, in a non-binding resolution, the executive compensation paid to the Company's executive officers, with 95 percent of the votes cast "for" the proposal;
- ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the 2016 fiscal year, with 99 percent voting "for" the proposal; and
- approved the Second Amended and Restated CBOE Holdings, Inc. Long-Term Incentive Plan, with 95 percent of the votes cast "for" the proposal.
Additional information about each of the matters acted upon by shareholders at the Annual Meeting is in the proxy statement that was furnished to shareholders in connection with the meeting. The proxy statement is also available in the Investor Relations section of www.cboe.com. The vote totals for the matters acted upon by shareholders at the Annual Meeting will be reported in a current report on Form 8-K filing with the SEC and posted on http://ir.cboe.com/.
About CBOE Holdings, Inc.:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for