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

Cboe: Global President David Howson to step down effective August 1, 2025

Neutral Impact 3 of 5 leadership Written later

Cboe Global Markets said Executive Vice President and Global President David Howson will leave the company, with his employment ending August 1, 2025. The filing says his resignation was not due to any disagreement with the company, and CEO Craig Donohue will also take the title of President after the transition, while Cathy Clay and Chris Isaacson expand their leadership roles.

Key points

  • David Howson's employment ends at the end of the day on August 1, 2025; he is returning to the UK after three years as Global President.
  • Under a Letter Agreement dated May 27, 2025, Howson keeps pro rata portions of certain time-based and performance-based restricted stock units that would vest in February 2026, with the rest forfeited.
  • Performance-based units retained by Howson will be paid out based on target performance through the end of each award's performance period.
  • Craig Donohue will assume the title of President after Howson's departure; Cathy Clay and Chris Isaacson take on expanded global roles.

The filing

CompanyCboe Global Markets (CBOE)
Form8-K, current report
Filed with the SECMay 28, 2025, 9:16 AM ET
Accession number0001104659-25-053355

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing 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 28, 2025.

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