UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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. |
On May 6, 2022, Bevin Desmond, the Chief Talent and Culture Officer of Morningstar, Inc. (“Morningstar”), informed Morningstar’s Chief Executive Officer that she has decided to depart Morningstar in August 2022 to focus more time on her family. The Compensation Committee of the Board of Directors of Morningstar has approved (i) the continued vesting of Ms. Desmond's awards of restricted stock units and market stock units granted to her before her date of departure in accordance with each award's vesting schedule and (ii) her receiving a pro-rata bonus for 2022 under Morningstar's Corporate Incentive Plan based on 2022 full-year financial results, each subject to her compliance with the separation agreement to be entered into between her and Morningstar. Such separation agreement will contain customary non-compete, non-solicit, non-disparagement and other restrictive covenants.
| Item 7.01 | Regulation FD Disclosure. |
On May 11, 2022, Morningstar issued a press release announcing Ms. Desmond’s planned departure from Morningstar. A copy of the press release is filed as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit No. |
Description | |
| 99.1 | Press Release dated May 11, 2022. | |
| 104 | The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101). |
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SIGNATURES
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.
| MORNINGSTAR, INC. | ||
| Date: May 12, 2022 | By: | /s/ Jason Dubinsky |
| Name: | Jason Dubinsky | |
| Title: | Chief Financial Officer | |
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