In a related development, the board has elected Jill E. Sommers to fill the vacancy left by Mr. Becker, effective March 25, 2026. Ms. Sommers will serve until the Annual Meeting or until her successor is duly elected and qualified. She will receive compensation consistent with the Company's other non-employee directors. Notably, Ms. Sommers has no familial relationships with any of the Company's directors or executive officers, and there are no disclosed transactions between her and the Company that would require reporting under SEC regulations. Furthermore, she has entered into an indemnification agreement with the Company, which may require the Company to cover certain expenses incurred during her service as a director.
These changes come at a pivotal time for Miami International Holdings as it prepares for its Annual Meeting, where shareholders will have the opportunity to vote on various matters, including the election of directors. The board's decision to bring in new leadership reflects a commitment to maintaining effective governance and oversight as the Company continues to navigate the complexities of the financial markets.
