MSCI MSCI Inc

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 29, 2020, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) appointed Paula Volent and Sandy C. Rattray (together, the “New Directors”) as members of the Board, effective February 26, 2020 (the “Effective Date”), which will increase the number of directors serving on the Board from ten to twelve. The Board has not yet appointed Ms. Volent or Mr. Rattray to any standing committee of the Board.

The New Directors will serve on the Board until the next annual meeting of shareholders of the Company, or until their successors are elected and qualified or until the earlier of their death, resignation or removal. In connection with the appointments of the New Directors, the Board determined that the New Directors are independent under the Company’s Corporate Governance Policies and within the meaning of the New York Stock Exchange (“NYSE”) and Securities and Exchange Commission (“SEC”) standards of independence for directors.

Under the non-employee director compensation program described in the Company’s annual proxy statement filed with the SEC on March 11, 2019, in connection with their service on the Board, the New Directors are entitled to receive an annual retainer (payable in cash or stock at their election) of $75,000 and an annual equity award in the form of restricted stock units (“RSUs”) under the MSCI Inc. 2016 Non-Employee Directors Compensation Plan having an aggregate fair market value of $160,000, with the number of shares of common stock underlying such awards determined based on the closing price of the Company’s common stock as reported by the NYSE on the date prior to grant. Upon their appointment to a standing committee of the Board, they will also be entitled to receive an annual retainer (payable in cash or stock at their election) of $10,000 for each committee on which they serve. The annual retainer and initial award of RSUs will be prorated from the Effective Date. The initial RSU award is scheduled to vest on May 1, 2020.

Ms. Volent, age 63, is currently the Senior Vice President for Investments and Chief Investment Officer at Bowdoin College, a role she has held since 2006. She previously served as Vice President for Investments at Bowdoin College from 2002 to 2006, and Associate Treasurer at Bowdoin College from 2000 to 2002. Prior to joining Bowdoin College in 2000, Ms. Volent served as a Senior Associate at the Yale Investments Office and before focusing on endowment management, she worked as a paper conservator. She holds a Master of Business Administration from Yale School of Management, a Master of Arts from the Institute of Fine Arts, New York University and a Bachelor of Arts from the University of New Hampshire.

Mr. Rattray, age 50, is currently the Chief Investment Officer of Man Group plc, a position he has held since 2017. He previously served as Chief Executive Officer of Man AHL from 2013 to 2017, and Chief Investment Officer of Man Systematic Strategies from 2010 to 2013. Prior to holding such positions, he held several other senior leadership positions at Man Group. Before joining GLG Partners, which was later acquired by Man Group, in 2007, he spent 15 years at Goldman Sachs where he held various positions, including Managing Director and head of the Fundamental Strategy Group. Mr. Rattray also sits on the MSCI Advisory Council. He holds a Master’s Degree in Natural Sciences and Economics from the University of Cambridge and a Licence Spéciale from the Université Libre de Bruxelles.

There are no family relationships between the New Directors and any officer or other director of the Company.  There is no arrangement or understanding between the New Directors and any other person pursuant to which they were selected as directors. In addition, the New Directors have never been employed at the Company or any of its subsidiaries.

There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K) between Ms. Volent and the Company or any of its subsidiaries. In 2019, Man Group plc and its subsidiaries subscribed to, licensed or otherwise purchased in the normal course of business, certain of the Company’s products and services.  Revenues recognized from subscriptions, licenses and other fees related to such products and services in 2019 were approximately $2.3 million.