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MSCI logoMSCI MSCI

MSCI said its Board of Directors appointed Michelle Seitz as an independent director on July 31, 2024, effective August 5, 2024, and that the Board will have 12 directors after her appointment.

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

Key points

AI summary

  1. MSCI said its Board of Directors appointed Michelle Seitz as an independent director on July 31, 2024, effective August 5, 2024, and that the Board will have 12 directors after her appointment.

  2. The company said Ms. Seitz will serve on the Audit and Risk Committee and remain on the Board until the next annual shareholder meeting, and that the Board determined she is independent under NYSE and SEC director independence standards.

  3. MSCI said Ms. Seitz may receive an annual retainer of $90,000, an annual equity award of restricted stock units with a fair market value of $210,000, and an annual retainer of $10,000 for her Audit and Risk Committee service. The initial RSU award is scheduled to vest on May 1, 2025.

  4. MSCI said Ms. Seitz has been Founder and CEO of MeydenVest Partners since September 2022, and was CEO of Russell Investments from September 2017 to October 2022 and held senior positions at William Blair from February 1996 to August 2017.

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.

Michelle Seitz Appointed as Independent Director, Effective August 5

MSCI said its Board of Directors appointed Michelle Seitz as an independent director on July 31, 2024, effective August 5, 2024, and that the Board will have 12 directors after her appointment.

Source · Based on the filing body and exhibits

Audit and Risk Committee Role and Independence Determination

The company said Ms. Seitz will serve on the Audit and Risk Committee and remain on the Board until the next annual shareholder meeting, and that the Board determined she is independent under NYSE and SEC director independence standards.

Source · Based on the filing body and exhibits

Non-Employee Director Compensation Terms

MSCI said Ms. Seitz may receive an annual retainer of $90,000, an annual equity award of restricted stock units with a fair market value of $210,000, and an annual retainer of $10,000 for her Audit and Risk Committee service. The initial RSU award is scheduled to vest on May 1, 2025.

Source · Based on the filing body and exhibits

Ms. Seitz's Professional Background

MSCI said Ms. Seitz has been Founder and CEO of MeydenVest Partners since September 2022, and was CEO of Russell Investments from September 2017 to October 2022 and held senior positions at William Blair from February 1996 to August 2017.

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.