UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On September 28, 2026 (the “Effective Date”), Cboe Exchange, Inc. (“Cboe”), a subsidiary of Cboe Global Markets, Inc. (the “Company”), entered into a Master License Agreement (the “MLA”) and a certain Order No. 1-1 (“Order 1”) and Order No. 2-1 entered into thereunder (“Order 2” and, together with the MLA and Order 1, the “Agreement”) with S&P Opco, LLC and certain of its affiliates (collectively, “S&P”), pursuant to which the parties have agreed to extend, supersede, continue, expand and replace certain rights, licenses and obligations of each party presently provided for pursuant to the Restated License Agreement, dated November 1, 1994, between Cboe and S&P Dow Jones Indices LLC (as amended). The Agreement shall be effective from the Effective Date until December 31, 2051.
In consideration for certain updated license fees (which shall take effect from January 1, 2027) to be calculated on a per-contract basis, the Agreement provides for the extension of the grant of (a) certain rights and licenses from S&P to Cboe and its affiliates to exclusively use the S&P 500 index and certain S&P marks set forth in Order 1 to (i) create, issue, list, trade, clear and settle standardized option contracts on Cboe’s markets in the United States and (ii) market and promote such standardized option contracts, and (b) certain cross-licenses and other rights from each party to the other party in and to certain intellectual property to derive, maintain, publish, calculate and disseminate certain Volatility Indices, BuyWrite Indices and Variance Indicators set forth in Order 2, including, in the case of Cboe, in connection with the creation, issuing, listing, trading, clearing and settling of standardized option contracts and other financial products.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the MLA, Order 1 and Order 2, which are filed with this Current Report on Form 8-K as Exhibits 10.1, 10.2 and 10.3, respectively, and are incorporated herein by reference.
Item 7.01. REGULATION FD DISCLOSURE.
On September 29, 2026, the Company and S&P Dow Jones Indices LLC issued a joint press release, and the Company individually issued a press release, in connection with the entry into of the Agreement described in Item 1.01 of this Current Report on Form 8-K. Copies of the press releases are attached as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K and are incorporated herein by reference.
The information contained in this Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and are not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
+ Portions of this exhibit have been omitted pursuant to Item 601(b)(10) of Regulation S-K because they both (i) are not material and (ii) contain the type of information that the Company customarily and actually treats as private or confidential. Such omitted information is indicated by brackets with three asterisks “[***]” in this exhibit.
* Certain personally identifiable information has been omitted from this exhibit pursuant to Item 601(a)(6) of Regulation S-K. Such omitted information is indicated by brackets with one asterisk “[*]” in this exhibit.
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.
| CBOE GLOBAL MARKETS, INC. | ||
| By: | /s/ Jill M. Griebenow | |
| Jill M. Griebenow | ||
| Executive Vice President and Chief Financial Officer | ||
Dated: September 29, 2026