Item 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS' APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On February 11, 2021, the Board of Directors (the "Board") of Cboe Global Markets, Inc. (the "Company") approved an amendment and restatement of the Cboe Global Markets, Inc. Executive Severance Plan (the "Severance Plan"), under which eligible executives and other officers are entitled to certain severance benefits upon a qualifying termination of employment. The material changes to the Severance Plan include:

(i) designating the Chief Executive Officer of the Company to determine from time to time the executive vice president ("EVP") and senior vice president ("SVP") participants in the Severance Plan;

(ii) establishing a severance multiplier for SVPs and all other participants (other than EVPs) in the Severance Plan of one times the sum of a participant's annual base salary and target annual bonus;

(iii) increasing the severance multiplier in the event a participant is terminated in connection with a change in control for EVP participants in the Severance Plan to two times the sum of a participant's annual base salary and target annual bonus;

(iv) establishing a severance multiplier in the event a participant is terminated in connection with a change in control for SVPs and all other participants (other than EVPs) in the Severance Plan of one and a half times the sum of a participant's annual base salary and target annual bonus;

(v) establishing company-paid premiums for COBRA for SVPs and all other participants (other than EVPs) in the Severance Plan of twelve (12) months;

(vi) increasing company-paid premiums for COBRA in the event a participant is terminated in connection with a change in control for EVP participants in the Severance Plan to twenty-four (24) months;

(vii) establishing company-paid premiums for COBRA in the event a participant is terminated in connection with a change in control for SVPs and all other participants (other than EVPs) in the Severance Plan of eighteen (18) months; and

(viii) revising the definition of "Cause" to be generally consistent with that certain Employment Agreement, by and between the Company and Edward Tilly, dated February 11, 2020.

As of February 11, 2021, the Severance Plan is expected to cover the following executive officers of the Company: Messrs. Isaacson, Schell, Harkins, Deters, and Sexton and Ms. Griebenow.

The foregoing description of the Severance Plan is only a summary and is qualified in its entirety by the full text of the Severance Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.





(d) Exhibits



10.1   Cboe Global Markets, Inc. Executive Severance Plan (filed herewith)  .*

104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL



document).

*Indicates Management Compensatory Plan, Contract or Arrangement.

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