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AI brief of an SEC Form 8-K · Cboe Global Markets (CBOE)

Cboe names Craig Donohue CEO, succeeding Fredric Tomczyk effective May 7, 2025

Neutral Impact 4 of 5 leadership Written later

Cboe Global Markets said CEO Fredric Tomczyk will retire and resign as CEO effective May 7, 2025, and that Craig Donohue, former Chairman of the Board at the Options Clearing Corporation, will succeed him as CEO and join the board on the same date. Tomczyk will stay an employee in an advisory role until June 30, 2025, and remain a director, subject to re-election at the May 6, 2025 annual meeting. The filing says his retirement was not the result of any disagreement with the company.

Key points

  • Fredric Tomczyk resigns as CEO effective May 7, 2025, and stays on the board subject to re-election on May 6, 2025
  • Craig Donohue, 63, becomes CEO and a board member effective May 7, 2025
  • Donohue's base salary is $1,300,000, with a 150% target bonus and a $6,000,000 sign-on equity award subject to 3-year cliff vesting
  • Donohue's employment agreement runs to May 7, 2030, with severance of 200% of base salary and target bonus on termination without cause or for good reason

The filing

CompanyCboe Global Markets (CBOE)
Form8-K, current report
Filed with the SECMay 1, 2025, 4:34 PM ET
Accession number0001104659-25-043543

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.