Additional Proxy Soliciting Materials (definitive) (defa14a)
07 May 2022 - 7:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the
Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐ |
Preliminary Proxy Statement |
☐ |
Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2)) |
☐ |
Definitive Proxy Statement |
☒ |
Definitive Additional Materials |
☐ |
Soliciting Material Pursuant to §240.14a-12 |
INTERCONTINENTAL EXCHANGE, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☐ |
Fee paid previously with preliminary materials. |
☐ |
Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
14a-6(i)(1) and 0-11. |
SUPPLEMENT TO PROXY STATEMENT DATED MARCH 25, 2022
FOR THE 2022 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 13, 2022
This
supplement to the Proxy Statement, dated May 6, 2022 (this Supplement), supplements the definitive proxy statement filed by Intercontinental Exchange, Inc., (we or the Company) with the U.S. Securities and
Exchange Commission (SEC) on March 25, 2022 (the 2022 Proxy Statement) and made available to the Companys stockholders in connection with the solicitation of proxies by the Companys Board of Directors (the
Board) for use at the 2022 Annual Meeting of Stockholders, scheduled to be held via webcast on Friday, May 13, 2022 at 8:30 a.m., Eastern time (the Annual Meeting). This Supplement is being filed with the SEC and made
available to stockholders on or about May 6, 2022.
This Supplement updates the disclosure in the 2022 Proxy Statement to present the following
slides to be used in discussions with stockholders regarding support for managements proposal for the approval of amendments to the Companys current Certificate of Incorporation to lower the special meeting ownership threshold to 20%.
This Supplement also updates the disclosure in the 2022 Proxy Statement in the section titled Certain Relationships
and Related Party Transactions by adding a new heading titled Private Aircraft Arrangement at the end of the section as follows:
As
previously disclosed, beginning in 2020, ICEs Nominating & Corporate Governance Committee approved an arrangement that permits a private aircraft owned by Mr. Sprecher and his wife, Kelly Loeffler, to be included in the pool of
aircraft managed by a majority owned ICE subsidiary. To help offset certain fixed costs associated with owning and operating aircraft, this company manages multiple aircraft that are owned by ICE, unaffiliated third parties and Mr. Sprecher and
his wife. The minority owners of the management subsidiary consist of Mr. Sprecher and his wife, who own a 5% interest in the management company, and unaffiliated third parties, who each also own a 5% interest. Under the arrangement,
Mr. Sprecher and his wife pay all fees and charges related to the services and use of the hangar at commercial rates for their private aircraft. The fees and charges paid to the management company consist of a fixed annual cost for the
operation of the aircraft, which is consistent with the cost paid by the unaffiliated members with similar aircraft, and a fee for the use of the hangar each year. In 2020 and 2021, Mr. Sprecher and Ms. Loeffler paid the management company
$649,481 and $1,065,000, respectively, in operational costs and $52,045 and $86,100, respectively, for the use of the hangar. This arrangement helps offset certain of the fixed costs that ICE and the other members would otherwise incur for operation
of their aircraft. ICE does not cross-lease Mr. Sprecher and Ms. Loefflers private aircraft and ICE has not made, and does not intend to make, any payment to Mr. Sprecher and Ms. Loeffler in connection with their ownership
and operation of a private aircraft. The management company routinely adjusts its charges in order to cover costs and not generate profit.
Except as
described in this Supplement, none of the items or information presented in the 2022 Proxy Statement is affected by this Supplement. This Supplement does not provide all of the information that is important to your voting decisions at the Annual
Meeting, and the 2022 Proxy Statement contains other important additional information. This Supplement should be read in conjunction with the 2022 Proxy Statement.
If you have already returned your proxy or voting instruction card or provided voting instructions, you do not need to take any action unless you wish to
change your vote. This Supplement does not change the proposals to be acted upon at the Annual Meeting, which are described in the 2022 Proxy Statement.
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