UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 13, 2006
MarketAxess Holdings Inc.
(Exact name of registrant as specified in its charter)
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| Delaware
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0-50670
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52-2230784 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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140 Broadway,
42nd
Floor
New York, New York 10005 |
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(Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (212) 813-6000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
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| Item 5.02 |
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Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers. |
On December 13, 2006, Iain N. Baillie stepped down as Head of MarketAxess Europe Limited
(“MarketAxess Europe”), the London-based broker-dealer affiliate of MarketAxess Holdings Inc. (the
“Company”), effective December 29, 2006 (the “Termination Date”).
In connection with his departure from MarketAxess Europe, Mr. Baillie entered into a
Settlement and Compromise Agreement with MarketAxess Europe (the “Agreement”). The Agreement
contains a general release by Mr. Baillie of any and all claims against the Company and its
affiliates arising on or prior to the Termination Date. Subject to Mr. Baillie’s compliance with
all of his obligations under the Agreement, Mr. Baillie will (i) continue to be paid his current
salary up to and including the Termination Date, and (ii) receive a 2006 discretionary bonus and ex
gratia payments in the aggregate amount of £383,000 on January 25, 2007.
The foregoing description of the severance payments and general release is only a summary and
is qualified in its entirety by reference to the Agreement, a copy of which is attached as Exhibit
10.1 hereto and is incorporated by reference into this Item 5.02.
Item 8.01 Other Events.
On
December 14, 2006, the Company issued a press release announcing that Iain N. Baillie will
step down as Head of MarketAxess Europe, effective December 29, 2006. A copy of this press release
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
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10.1 |
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Settlement and Compromise Agreement, dated December 13, 2006, by and
between MarketAxess Europe Limited and Iain N. Baillie. |
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99.1 |
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Press Release entitled “MarketAxess Announces Iain N. Baillie to Step Down as
Head of MarketAxess Europe” issued by MarketAxess Holdings Inc. on
December 14, 2006. |
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