Current Report Filing (8-k)
February 17 2017 - 12:32PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 15, 2017
CME Group Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-31553
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36-4459170
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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20 South Wacker Drive, Chicago, Illinois
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60606
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: 312-930-1000
Not Applicable
Former
name or former address, if changed since last report
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On February 15, 2017, CME Group Inc. (the Company) entered into a retirement
agreement with Phupinder Gill, the Companys former Chief Executive Officer, governing the terms of Mr. Gills retirement from the Company and his resignation from the Board of Directors of the Company and its affiliates, in each case
effective December 31, 2016, as the Company previously announced in a Current Report on Form 8-K filed November 14, 2016. The following is a summary of the key terms of the retirement agreement. A copy of the retirement agreement is
attached to this report as Exhibit 10.1 and is incorporated herein by reference as though fully set forth herein. The description below is only a summary of the terms of the retirement agreement and is qualified in its entirety by the complete text
of the agreement itself.
On December 31, 2016, under Mr. Gills most recent employment agreement with the Company, Mr. Gills
outstanding time-vesting equity awards issued between August 5, 2009 and November 11, 2015 became fully vested. Also in accordance with Mr. Gills most recent employment agreement, he became entitled to 48 months of continued
medical coverage following his retirement. Mr. Gills restrictive covenants with the Company under his most recent employment agreement will continue to apply following his retirement in accordance with their terms. Under the terms of
the retirement agreement, Mr. Gills outstanding time-vesting equity awards issued after November 11, 2015 will become fully vested. Also in accordance with Mr. Gills retirement agreement, he will receive a retirement
payment equal to two times his annual base but will not receive a bonus payment in respect of fiscal 2016. Under the terms of both the employment agreement and the retirement agreement, Mr. Gills outstanding performance-vesting equity
awards will remain eligible to vest (and will vest or be forfeited based on actual performance results). The retirement payment and the vesting of Mr. Gills equity awards, both time- and performance- vesting, are subject to
Mr. Gills execution of a release of claims in favor of the Company.
Item 9.01 Financial Statements and Exhibits.
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Exhibit
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Description of Exhibit
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10.1
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Retirement Agreement, dated February 15, 2017, between CME Group Inc. and Phupinder Gill
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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CME Group Inc.
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February 15, 2017
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By:
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/s/ Kathleen M. Cronin
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Name: Kathleen M. Cronin
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Title: Senior Managing Director, General Counsel & Assistant Corporate Secretary
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