Morningstar, Inc. 8-K

What Happened Morningstar, Inc. announced on Jan 5, 2026 (via Form 8‑K and a press release) that its Board approved increasing its size from ten to eleven members and appointed Anne Bramman to the new seat, effective January 2, 2026. Ms. Bramman will serve until the 2026 Annual Meeting of Shareholders, when she is expected to stand for election, and will join the Board’s Audit Committee and Compensation Committee.

Key Details

• Board size increased from 10 to 11 and Anne Bramman appointed effective Jan 2, 2026.
• Ms. Bramman will serve until the 2026 Annual Meeting and is expected to stand for election by shareholders.
• Compensation: a prorated cash retainer for the five‑month period until the 2026 Annual Meeting; upon election she would receive ongoing board and committee retainers plus an initial non‑employee director restricted stock unit grant with an approximate grant‑date value of $250,000, vesting over three years.
• No arrangements or understandings regarding her selection and no direct or indirect material interest in transactions reportable under Item 404(a); she will enter the Company’s standard indemnification agreement.
• Regulation FD disclosure: press release dated Jan 5, 2026 filed as an exhibit to the 8‑K.

Why It Matters This is a board governance update — not an executive leadership or financial-results change. Investors should note the board expansion and the expected equity/cash compensation (including an approximate $250,000 RSU grant upon election), which are routine costs for adding a non‑employee director. The appointment is subject to shareholder approval at the 2026 Annual Meeting.