Item 5.02, "Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers"
On October 20, 2020, the Board of Directors of Moody's Corporation (the
"Company") elected Robert Fauber as the Company's President and Chief Executive
Officer, effective January 1, 2021. The Board also elected Mr. Fauber to the
Board of Directors, effective October 21, 2020.
Effective January 1, 2021, Raymond W. McDaniel, Jr., the Company's current
President and Chief Executive Officer, will serve as non-executive Chairman of
the Board. Henry A. McKinnell, Jr., Ph.D will step down from the Chairman
position effective December 31, 2020 and will continue to serve on the Board of
Directors. The Board will name one of its independent directors to serve as Lead
Independent Director, effective January 1, 2021.
A copy of the press release issued by the Company on October 22, 2020 regarding
Mr. Fauber's election is furnished as Exhibit 99.1 to this report. Mr. Fauber,
age 50, was appointed the Company's Chief Operating Officer in 2019. In that
role, he has overseen both Moody's Investors Service ("MIS") and Moody's
Analytics, as well as Strategy and Marketing for the Company. Mr. Fauber
previously served as President of MIS, Managing Director of the Global
Commercial Group in MIS and as Senior Vice President, Corporate Development for
the Company. He joined Moody's in September 2005.
Item 9.01, "Financial Statements and Exhibits"
(d) Exhibits
99.1 Press release dated October 22, 2020.
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
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