AI English summary of an SEC filing — figures as filed

The company said Fredric J. Tomczyk will step down as CEO effective May 7, 2025, will serve in an advisory role until June 30, 2025, and will remain on the board.

8-KDeparture or Appointment of Directors or Certain OfficersFiled May 1, 2025Period of report May 1, 2025Summary published (UTC) Oct 17, 2026

Key points

AI summary

The company said Fredric J. Tomczyk will step down as CEO effective May 7, 2025, will serve in an advisory role until June 30, 2025, and will remain on the board.
Cboe Global Markets said Craig Donohue will succeed Tomczyk as CEO and join the board effective May 7, 2025. He was chairman of the board at OCC and served as CME Group CEO from January 2004 to May 2012.
The company said it will provide Donohue with an annual base salary of $1,300,000, a target bonus of 150%, an annual long-term incentive target value of $10,050,000, and a sign-on long-term equity award with a grant date value of $6,000,000 that vests on a 3-year cliff.
The company said Donohue's initial employment agreement term will expire on May 7, 2030 and will automatically renew for successive 1-year terms. If he is terminated without cause or resigns for good reason, he may receive severance equal to 200% of his annual base salary and target bonus.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

CEO Tomczyk Steps Down; Moves to Advisory Role

The company said Fredric J. Tomczyk will step down as CEO effective May 7, 2025, will serve in an advisory role until June 30, 2025, and will remain on the board.

Source · Based on the filing body and exhibits

Craig Donohue Named New CEO

Cboe Global Markets said Craig Donohue will succeed Tomczyk as CEO and join the board effective May 7, 2025. He was chairman of the board at OCC and served as CME Group CEO from January 2004 to May 2012.

Source · Based on the filing body and exhibits

Donohue Pay and Sign-On Equity Structure

The company said it will provide Donohue with an annual base salary of $1,300,000, a target bonus of 150%, an annual long-term incentive target value of $10,050,000, and a sign-on long-term equity award with a grant date value of $6,000,000 that vests on a 3-year cliff.

Source · Based on the filing body and exhibits

Donohue Employment Term and Severance Terms

The company said Donohue's initial employment agreement term will expire on May 7, 2030 and will automatically renew for successive 1-year terms. If he is terminated without cause or resigns for good reason, he may receive severance equal to 200% of his annual base salary and target bonus.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.