MSCI Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by MSCI Inc. on May 25, 2010. The report discloses a corporate governance change involving the appointment of a new director to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and governance matters rather than financial performance.
Material Changes
- Board Appointment: Patrick Tierney was appointed as a member of the Board of Directors, effective June 7, 2010.
- Board Size: The Board of Directors increased its size to nine members.
- Independence: The Board determined Mr. Tierney is independent under the Company's Corporate Governance Policies.
- Committee Assignment: Mr. Tierney was appointed to the Audit Committee.
Compensation and Governance
Mr. Tierney's compensation includes cash retainers (which may be elected as MSCI common stock) and equity-based compensation in the form of restricted stock units under the Directors' Plan. All directors are reimbursed for reasonable out-of-pocket expenses.
Key Facts for Investor Verification
- Verify the effective date of Patrick Tierney's board membership (June 7, 2010).
- Confirm the total number of directors on the board is now nine.
- Review the specific terms of the Directors' Plan regarding cash versus stock election for retainers.
- Check the attached press release (Exhibit 99.1) for additional context on the appointment.