Item 5.02. Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 24, 2020, the Board of Directors (the "Board") of Interactive Brokers
Group, Inc. (the "Company") appointed Ms. Nicole Yuen to serve as a director of
the Company, effective July 1, 2020.
Ms. Yuen is a seasoned investment banker with more than 20 years' experience.
Ms. Yuen most recently served as Managing Director, Head of Equities - North
Asia and Vice Chairman - Greater China for Credit Suisse. During her 6-year
tenure, she led the build-out of Credit Suisse's brokerage business in mainland
China and oversaw the bank's equities business in North Asia.
Ms. Yuen will receive the same compensation as the Company's other non-employee
directors. The compensation program is described in the Company's Proxy
Statement on Schedule 14A filed with the U.S. Securities and Exchange
Commission ("SEC") on March 11, 2020.
The Board has determined that Ms. Yuen is "independent" under the rules of the
Nasdaq Stock Market LLC and the SEC. Ms. Yuen has no family relationships with
directors or other executive officers of the Company and is not a party to any
transactions requiring disclosure under Item 404(a) of Regulation S-K. There is
no arrangement or understanding between Ms. Yuen and any other persons pursuant
to which Ms. Yuen was selected as a director.
A copy of the Registrant's press release relating to this director appointment
is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item. 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated June 29, 2020.
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the Inline XBRL Document).
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