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Interactive Brokers logoInteractive Brokers IBKR

The company said its board appointed Richard Repetto as an independent director on October 17, 2023, effective January 1, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said its board appointed Richard Repetto as an independent director on October 17, 2023, effective January 1, 2024.

  2. Interactive Brokers said the board determined that Mr. Repetto is independent under the rules of the Nasdaq Stock Market LLC and the SEC. It also said he has no family relationships with other directors or executive officers and is not a party to any transaction requiring disclosure under Item 404(a).

  3. The company said Mr. Repetto will receive the same compensation as its other non-employee directors, and that the compensation program is described in the Schedule 14A proxy statement filed with the SEC on March 8, 2023. It also said there is no arrangement or understanding under which he was selected as a director.

  4. Interactive Brokers said Mr. Repetto is a research analyst with over 25 years of experience covering electronic trading and financial technology companies. He retired as Managing Director and Senior Research Analyst at Piper Sandler in June 2023. The company said he received the Financial Times/StarMine Analyst of the Year Award in 2010 and the Financial Times Global Analyst of the Year award in 2012.

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.

Richard Repetto Appointed Independent Director

The company said its board appointed Richard Repetto as an independent director on October 17, 2023, effective January 1, 2024.

Source · Based on the filing body and exhibits

Independence Determination and No Related Interests

Interactive Brokers said the board determined that Mr. Repetto is independent under the rules of the Nasdaq Stock Market LLC and the SEC. It also said he has no family relationships with other directors or executive officers and is not a party to any transaction requiring disclosure under Item 404(a).

Source · Based on the filing body and exhibits

Compensation and Appointment Arrangements

The company said Mr. Repetto will receive the same compensation as its other non-employee directors, and that the compensation program is described in the Schedule 14A proxy statement filed with the SEC on March 8, 2023. It also said there is no arrangement or understanding under which he was selected as a director.

Source · Based on the filing body and exhibits

Mr. Repetto's Career Background

Interactive Brokers said Mr. Repetto is a research analyst with over 25 years of experience covering electronic trading and financial technology companies. He retired as Managing Director and Senior Research Analyst at Piper Sandler in June 2023. The company said he received the Financial Times/StarMine Analyst of the Year Award in 2010 and the Financial Times Global Analyst of the Year award in 2012.

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 ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.