AI English summary of an SEC filing — figures as filed

Cboe Global Markets said David Howson, Executive Vice President and Global President, notified the company of his resignation on May 27, 2025 and will remain employed through his Transition Date, the end of the day on August 1, 2025. The company said the resignation was not due to any disagreement with the company over its operations, policies or practices.

8-KDeparture or Appointment of Directors or Certain OfficersFiled May 28, 2025Period of report May 27, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

Cboe Global Markets said David Howson, Executive Vice President and Global President, notified the company of his resignation on May 27, 2025 and will remain employed through his Transition Date, the end of the day on August 1, 2025. The company said the resignation was not due to any disagreement with the company over its operations, policies or practices.
The company said that under the Letter Agreement, Howson will receive his current base salary and benefits through the Transition Date. Of his outstanding time-based and performance-based restricted stock units scheduled to vest in February 2026, he will keep a pro rata portion based on days worked through the Transition Date and forfeit the rest, and performance-based units will pay out at target performance through the end of each award's performance period.
Cboe Global Markets said its board appointed Craig Donohue, Chief Executive Officer, as President of the company, effective after the Transition Date. The press release said Donohue will also take the title of President following Howson's departure.
Cboe Global Markets said Cathy Clay, EVP and Global Head of Derivatives, will also oversee the Cboe Data Vantage business, and Chris Isaacson, EVP and Chief Operating Officer, will also oversee Cash Equities, Global FX and Clearing.

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.

David Howson Resignation and Transition Date

Cboe Global Markets said David Howson, Executive Vice President and Global President, notified the company of his resignation on May 27, 2025 and will remain employed through his Transition Date, the end of the day on August 1, 2025. The company said the resignation was not due to any disagreement with the company over its operations, policies or practices.

Source · Based on the filing body and exhibits

Letter Agreement Compensation Terms

The company said that under the Letter Agreement, Howson will receive his current base salary and benefits through the Transition Date. Of his outstanding time-based and performance-based restricted stock units scheduled to vest in February 2026, he will keep a pro rata portion based on days worked through the Transition Date and forfeit the rest, and performance-based units will pay out at target performance through the end of each award's performance period.

Source · Based on the filing body and exhibits

Craig Donohue Appointed President

Cboe Global Markets said its board appointed Craig Donohue, Chief Executive Officer, as President of the company, effective after the Transition Date. The press release said Donohue will also take the title of President following Howson's departure.

Source · Based on the filing body and exhibits

Expanded Roles for Cathy Clay and Chris Isaacson

Cboe Global Markets said Cathy Clay, EVP and Global Head of Derivatives, will also oversee the Cboe Data Vantage business, and Chris Isaacson, EVP and Chief Operating Officer, will also oversee Cash Equities, Global FX and Clearing.

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 ↗

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