- Current report filing (8-K)
November 10 2010 - 4:08PM
Edgar (US Regulatory)
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):
November 4, 2010
MORNINGSTAR, INC.
(Exact name of
registrant as specified in its charter)
Illinois
(State or other
jurisdiction
of incorporation)
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000-51280
(Commission
File Number)
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36-3297908
(I.R.S. Employer
Identification No.)
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22 West Washington Street
Chicago, Illinois
(Address of
principal executive offices)
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60602
(Zip Code)
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(312) 696-6000
(Registrants telephone number, including area code)
N/A
(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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 10, 2010, Morningstar, Inc. announced
that Peng Chen, Ph.D., CFA, and current president of Morningstars Ibbotson
Associates unit, has been named president of Morningstars global Investment
Management division. Peng will oversee the companys investment consulting,
retirement advice, and investment management operations in North America, Europe,
Asia, and Australia, including Morningstar Associates, Ibbotson
Associates, Morningstar Investment Services, Old Broad Street Research, and
Seeds Finance. A copy of the press
release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Patrick Reinkemeyer, who served as president of Morningstar
Associates, LLC, is leaving the firm, effective December 15, 2010. In
connection with Patricks separation, Morningstar, Morningstar Associates, LLC
and Patrick entered into a Separation Agreement under which Patrick will serve
as a consultant of Morningstar until December 15, 2011. The Separation Agreement also provides for
customary restrictive covenants, including covenants prohibiting Patrick from
competing with Morningstar or Morningstar Associates or soliciting employees of
Morningstar or Morningstar Associates.
Pursuant to the terms of the Separation Agreement, Patrick will be paid
approximately $2.2 million in connection with his separation from Morningstar.
A copy of the Separation Agreement is filed as Exhibit 10.1
to this Current Report on Form 8-K and is incorporated herein by
reference. The summary of the material
terms of the Separation Agreement set forth above is qualified in its entirety
by reference to such exhibit.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No.
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Description
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10.1
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Separation Agreement, dated
November 10, 2010, by and among Morningstar Associates, LLC, a Delaware
limited liability company, Morningstar, Inc., an Illinois corporation,
and Patrick Reinkemeyer.
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99.1
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Press release dated November 10,
2010.
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2
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.
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MORNINGSTAR, INC.
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Date: November 10, 2010
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By:
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/s/ Richard E. Robbins
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Name:
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Richard E. Robbins
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Title:
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General Counsel and Corporate
Secretary
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3
EXHIBIT INDEX
Exhibit No.
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Description
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10.1
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Separation Agreement, dated
November 10, 2010, by and among Morningstar Associates, LLC, a Delaware
limited liability company, Morningstar, Inc., an Illinois corporation,
and Patrick Reinkemeyer.
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99.1
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Press release dated November 10,
2010.
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4
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