Sign in Subscribe
Securities law

Morningstar, Inc. Files Form 8-K with Securities and Exchange Commission

Strategic Insights

— 2 min read

Morningstar, Inc., a global investment research and investment management firm, has filed a current report (Form 8-K) with the Securities and Exchange Commission on May 14, 2025. The filing discloses various corporate updates, including the adoption of a new executive severance policy and the results of the company's annual shareholders' meeting.

The executive severance policy provides benefits to eligible employees, including the Chief Executive Officer, Chief Financial Officer, Chief Revenue Officer, and certain other members of the executive leadership team. In the event of a termination not caused by the employee, the policy offers a multiple of the employee's base salary and target bonus, as well as an amount equal to the annual bonus for the fiscal year in which the termination occurred. Additionally, the policy provides payment of the employer portion of the employee's monthly COBRA premiums for the duration of the severance period.

At the annual shareholders' meeting held on May 9, 2025, each of the nominees for director was elected with the number of votes set forth below:

  • Joe Mansueto: 37,686,395
  • Kunal Kapoor: 37,836,064
  • Robin Diamonte: 37,437,472
  • Cheryl Francis: 36,202,671
  • Steve Joynt: 37,486,178
  • Steve Kaplan: 36,060,614
  • Gail Landis: 37,165,363
  • Bill Lyons: 35,439,407
  • Doniel Sutton: 37,568,715
  • Caroline Tsay: 37,410,173

Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows:

  • Votes For: 37,475,380

The appointment of KPMG as Morningstar's independent registered public accounting firm for 2025 was ratified with the voting as follows:

  • Votes For: 39,245,136

Key Takeaways:

  • Morningstar, Inc. filed Form 8-K with the Securities and Exchange Commission on May 14, 2025.
  • The company adopted a new executive severance policy, providing benefits to eligible employees in the event of termination.
  • At the annual shareholders' meeting on May 9, 2025, each of the nominees for director was elected with the number of votes set forth below.
  • Morningstar's executive compensation was approved, on an advisory basis, with 97.84% of votes in favor.
  • The appointment of KPMG as Morningstar's independent registered public accounting firm for 2025 was ratified with 98.53% of votes in favor.

Statistics:

  • 37,686,395 votes were cast in favor of Joe Mansueto.
  • 37,836,064 votes were cast in favor of Kunal Kapoor.
  • 97.84% of votes were cast in favor of Morningstar's executive compensation.
  • 98.53% of votes were cast in favor of the appointment of KPMG as Morningstar's independent registered public accounting firm for 2025.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
  • Morningstar, Inc. (Exact name of registrant as specified in its charter)
  • KPMG LLP ("KPMG")

Read more