Nasdaq Re-elects Michael R. Splinter as Chairman of the Board

All directors re-elected are set to serve one-year terms as per Nasdaq's shareholders' decision.

The US stock exchange operator, Nasdaq (Nasdaq: NDAQ) has announced on Wednesday the results from its 2021 Annual Meeting of Shareholders that took place on June 15, re-electing ten directors. According to the press release, the Board of Directors re-elected Michael R. Splinter as Chairman of the Board.

The elected board members during the meeting were Melissa M. Arnoldi, CEO, Vrio Corp., a subsidiary of AT&T Inc.; Charlene T. Begley, Retired SVP & CIO, General Electric Company; Steven D. Black, Co-CEO, Bregal Investments; Adena T. Friedman, President and CEO, Nasdaq; Essa Kazim, Governor, Dubai International Financial Centre and Chairman, Borse Dubai and Dubai Financial Market; Thomas A. Kloet, Retired CEO & Executive Director, TMX Group Limited; John D. Rainey, CFO and EVP of Global Customer Operations, PayPal Holdings, Inc.; Michael R. Splinter, Retired Chairman and CEO, Applied Materials, Inc.; Jacob Wallenberg, Non-Executive Chairman, Investor AB; Alfred W. Zollar, Executive Advisor, Siris Capital Group, LLC.

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On the other hand, Splinter, who was first elected as Chairman of Nasdaq’s Board in 2016, is a 40-year veteran of the semiconductor industry known for being the Co-Founder of WISC Partners and worked as Executive Chairman on the Board of Directors of Applied Materials. Since 2017, he has been a member of the Meyer Burger Technology’s compensation committee and TSMC’s audit and compensation committees. The directors elected will serve one-year terms, the announcement highlighted.

Proposals Approved

Additionally, during the 2021 Annual Meeting, shareholders approved proposals such as Nasdaq’s executive compensation on an advisory basis. Moreover, they ratified the appointment of Ernst & Young LLP as the operator’s independent registered public accounting firm for the fiscal year ending December 31, 2021, the press released noted.

Recently, Nasdaq reported that its cash equities volume, specifically for the US matched equities, in May witnessed 36,467 million shares traded, surging from April’s figure that was 35,248, according to the monthly volumes report for May released early this month.

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