MARKETAXESS HOLDINGS INC 8-K

What Happened MarketAxess Holdings Inc. (MKTX) filed an 8-K on February 17, 2026 reporting that, following a comprehensive search, the company identified a new Chief Technology Officer on February 16, 2026. At the same time, MarketAxess determined that Naineshkumar Panchal’s service as Chief Information Officer will end effective April 1, 2026. The company expects to announce the identity of the new CTO in a press release later in the first quarter of 2026.

Key Details

• New CTO identified by the company on February 16, 2026; public announcement expected later in Q1 2026.
• CIO Naineshkumar Panchal’s service ends April 1, 2026.
• The separation is treated as a termination without “Cause” under Mr. Panchal’s Severance Protection Agreement dated March 1, 2022.
• Mr. Panchal will be entitled to severance payments and benefits under that agreement, subject to his execution of a general release; the filing does not disclose dollar amounts.

Why It Matters This 8-K reports an executive leadership change in MarketAxess’ technology organization, which is material to operational leadership and continuity. The filing confirms the company will incur severance obligations under an existing agreement, though the amount and timing are not disclosed. Investors should watch for the forthcoming press release naming the new CTO and any additional disclosures about compensation or operational plans.