UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): October 27, 2023 (
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or other jurisdiction of incorporation) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On October 26, 2023, Intercontinental Exchange, Inc. (“ICE” or the “Company”) announced that Christopher S. Edmonds, currently ICE’s Chief Development Officer, will become President, Fixed Income and Data Services, effective as of January 1, 2024. Mr. Edmonds will continue to be a named executive officer of the Company, his compensation is unchanged and he will continue to report to the Company's Chief Executive Officer.
Item 7.01 Regulation FD Disclosure
On October 26, 2023, ICE issued a press release announcing Mr. Edmonds’ appointment as President, Fixed Income and Data Services. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as may be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibits are filed as part of this Current Report on Form 8-K:
| Exhibit No. |
Description | |
| 99.1 | Press Release dated as of October 26, 2023. | |
| 104 | The cover page from Intercontinental Exchange, Inc.’s Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INTERCONTINENTAL EXCHANGE, INC. | ||
| By: |
/s/Andrew J. Surdykowski | |
| Andrew J. Surdykowski | ||
| General Counsel | ||
Dated: October 27, 2023
Exhibit 99.1
ICE Appoints Chris Edmonds to Lead Fixed Income and Data Services Business
Chief Regulatory Officer Elizabeth King to Lead ICE’s Clearing Operations
ATLANTA & NEW YORK -- October 26, 2023 -- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced today that Christopher Edmonds, currently ICE’s Chief Development Officer, will succeed Amanda Hindlian to lead ICE’s Fixed Income and Data Services (FIDS) business segment, a position that will move to ICE’s Atlanta headquarters. The FIDS segment, ICE’s second largest, earned $546 million in revenue in Q2 2023 and $2.1 billion in revenue for the full year 2022.
Edmonds has held several pivotal roles at ICE since joining the firm in 2010. He oversaw the company’s Credit Default Swap (CDS) clearing service during implementation of the Dodd-Frank Act, including its designation by the government as a “systemically important financial market utility.” From 2013 to 2019, Edmonds led ICE’s product sales teams in the areas of fixed income, commodities, and financial futures. And, since 2019, he has overseen ICE’s Clearing and Risk teams supporting the company’s six derivatives clearing organizations (DCOs). An Alabama native, Edmonds graduated from the University of Alabama at Birmingham. Based in Chicago during his first 13 years at ICE, Edmonds will relocate to Atlanta, joining a growing presence of ICE’s Fixed Income and Data Services teams.
“Exactly eight years ago, on October 26, 2015, ICE announced one of its most transformative acquisitions with our $5.2 billion purchase of Interactive Data Corporation, which allowed us to create our data services business. Through the successive leadership of Lynn Martin, Amanda Hindlian, and now Chris Edmonds, our FIDS organization has continued to grow and thrive as we serve our customers who depend on the tools and indices we provide,” said ICE Founder, Chair and CEO Jeffrey Sprecher. “As Amanda has elected to remain rooted in the New York area, I’m grateful for her service to ICE and confident that Chris, distinguished as one of ICE’s most skillful operators, will lead our FIDS team to new heights as he joins our team in Atlanta.”
“With the addition of new mortgage data products for ICE resulting from our acquisition of Black Knight, this is an exciting and dynamic moment for our business and our expanding roster of customers who rely daily on our technology and feeds,” Edmonds said. “During the last 13 years, I’ve been privileged to watch how ICE has become indispensable in connecting people to opportunity. Going forward, while we have long applied large language models to our user offerings, their broad adoption will accelerate our ability to deliver them an unparalleled user experience.”
As Edmonds assumes his new role, Elizabeth King, currently ICE’s Chief Regulatory Officer and President of its Sustainable Finance business, will add the leadership of ICE’s six clearinghouses around the world and its global risk management team, both part of Edmonds’ prior portfolio at the firm. King joined ICE in 2014 following ICE’s acquisition of the NYSE, where she served as NYSE’s General Counsel and Corporate Secretary until 2022. Prior to ICE, King served as Deputy General Counsel and Global Head of Government & Regulatory Affairs at KCG Holdings, Inc. Before joining KCG, King held the position of Associate Director, Division of Trading and Markets at the U.S. Securities and Exchange Commission. King holds a J.D. from the University of Pennsylvania and an A.B. from Duke University.
In their expanded roles, Edmonds and King will continue to report directly to Sprecher. As part of the transition, the ICE Sustainable Finance team that King established over the last two years will now report to Edmonds. Both appointments take effect as of January 1, 2024.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 3, 2023.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
ICE Media Contact:
Josh King
Josh.king@ice.com
(212) 656-2490
media@ice.com
ICE Investor Contact:
Katia Gonzalez
katia.gonzalez@ice.com
(678) 981-3882
investors@ice.com
Cover |
Oct. 26, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Oct. 26, 2023 |
| Entity File Number | 001-36198 |
| Entity Registrant Name | Intercontinental Exchange, Inc. |
| Entity Central Index Key | 0001571949 |
| Entity Tax Identification Number | 46-2286804 |
| Entity Incorporation, State or Country Code | DE |
| Entity Address, Address Line One | 5660 New Northside Drive |
| Entity Address, Address Line Two | Third Floor |
| Entity Address, City or Town | Atlanta |
| Entity Address, State or Province | GA |
| Entity Address, Postal Zip Code | 30328 |
| City Area Code | 770 |
| Local Phone Number | 857-4700 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, $0.01 par value per share |
| Trading Symbol | ICE |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |
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