MSCI Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by MSCI Inc. on June 2, 2009, reporting events occurring on June 1, 2009. The filing addresses Item 5.02 regarding the appointment of certain officers and compensatory arrangements.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation adjustments.
Material Changes
The Compensation Committee approved increases to the base salaries of executive officers effective June 1, 2009. This change adjusts the mix between fixed and variable compensation to better reflect market levels, consistent with the 2009 proxy statement. Variable compensation decisions for the fiscal year will account for these new salary levels.
Executive Salary Adjustments
- Henry A. Fernandez (Chairman, CEO, President): USD 600,000
- David C. Brierwood (COO): GBP 250,000 (approx. USD 400,000)
- Michael K. Neborak (CFO): USD 400,000
- C. D. Baer Pettit (Head of Client Coverage): GBP 250,000 (approx. USD 400,000)
- Gary Retelny (Chief Administrative Officer): USD 400,000
Outlook and Risks
The filing does not contain forward-looking guidance, risk factors, or contingencies beyond the stated intent to align compensation with market standards. Total compensation awards remain determined by the Committee at the end of the fiscal year.
Investor Verification Points
- Verify the impact of increased fixed compensation on total executive pay relative to performance metrics.
- Confirm the exchange rate assumptions used for GBP to USD conversions for international officers.
- Review the 2009 proxy statement for the full context of the compensation structure modifications.