| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously announced, on November 6, 2023, MarketAxess Holdings Inc. (the “Company”) was informed by Christopher N. Gerosa, the Company’s Chief Financial Officer, that he will resign from such position effective January 31, 2024, to accept a position with another company.
On January 18, 2024, the Board of Directors (“Board”) of the Company appointed Christopher R. Concannon, Chief Executive Officer of the Company, as interim Chief Financial Officer, effective February 1, 2024. The Board is actively conducting a formal search process for the role. Mr. Concannon will serve as Chief Executive Officer and interim Chief Financial Officer, and will fulfill the functions of the principal financial officer of the Company, until a permanent chief financial officer has been appointed. In addition, on January 18, 2024, the Board appointed Michael R. Cianciulli, the Company’s Head of External Reporting, as interim principal accounting officer of the Company.
Mr. Concannon’s biographical information is set forth in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on April 26, 2023, and such information is incorporated herein by reference.
Michael R. Cianciulli, age 36, has been our Head of External Reporting since January 2024. Previously, Mr. Cianciulli served as the Company’s Head of Securities and Exchange Commission Reporting from May 2020 to December 2023. Prior to his employment with the Company, Mr. Cianciulli served as Financial Reporting Manager of Virtu Financial, Inc. from June 2018 to May 2020 and in various roles at PricewaterhouseCoopers LLP from 2010 to 2018. Mr. Cianciulli earned a B.B.A. from the University of Notre Dame.
There are no arrangements or understandings between either Mr. Concannon or Mr. Cianciulli and any other person pursuant to which they were appointed to their respective positions. Neither Mr. Concannon nor Mr. Cianciulli has a family relationship with any director or executive officer of the Company and neither has any director or indirect interest in any transaction in which the Company is a participant that is required to be reported in this Current Report on Form 8-K under Item 404(a) of Regulation S-K.
As of the date of this report, no new compensatory arrangements have been entered into in connection with the appointment of Mr. Concannon as interim Chief Financial Officer or principal financial officer or Mr. Cianciulli as interim principal accounting officer.