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Monday, May 11, 2009

Futures Regulatory Alert #2009 - 8
NASDAQ OMX Futures Exchange Conducted Its Annual Meeting of Shareholders on May 11, 2009

Markets Impacted:

  • NASDAQ OMX Futures Exchange (NFX)

Contact Information:

What you need to know:

  • NASDAQ OMX Futures Exchange (NFX) conducted its 2009 Annual Meeting of Shareholders on Monday, May 11, 2009
  • NASDAQ OMX PHLX, Inc., the sole shareholder, elected eight directors to the NFX Board of Directors

Why is NFX issuing this alert?

NASDAQ OMX Futures ExchangeSM (NFXSM) would like to inform its members that pursuant to Article III of the NFX By-Laws, NFX conducted its 2009 Annual Meeting of Shareholders on Monday, May 11, 2009. NFX is a wholly owned subsidiary of NASDAQ OMX PHLX, Inc. and thus NASDAQ OMX PHLX, Inc. is the sole shareholder.

The following nominees were elected to the NFX Board of Directors: Peter Askey, Adrian Basora, Ben Craig, Albert S. Dandridge, III, Kevin Fischer, William Hankowsky, Clark Hutchison, and Stephen Mullin. The Board of Directors serves for a one-year term or until their successors have been elected and have qualified.

How many directors serve on the NFX Board?

Nine directors serve on the NFX Board. Pursuant to NFX By-Law Article IV, Section 2, the nine members of the Board of Directors consist of the Chairman, the President, four Public Directors and three who shall qualify as commercial interest representatives pursuant to Commodity Futures Trading Commission Regulation 1.64. The NFX Nominating Committee nominated Chris Concannon as Chairman at its April 9, 2009 meeting. Since that time, Mr. Concannon has resigned from NFX and therefore no longer qualifies for the position of Chairman. At this time, the board position of Chairman remains vacant as no individual qualifies pursuant to By-Law Article IV, Section 2. The Board of Directors will fill this vacancy at such time as an individual qualifies for the position. Pursuant to Article IV, Section 2, the President, Ben Craig, in the absence of a Chairman, shall perform all the duties of that office.

Who should I contact for more information?

Questions regarding these matters and issues may be directed to:

  • Joan C. Conley, Corporate Secretary, NFX

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