Morningstar (MORN) ASM 2025 summary

Opening remarks and agenda

• The meeting opened with a welcome from the Executive Chairman, outlining a three-part agenda: formal business, management presentations, and a Q&A session with shareholders.

• Management presentations featured the CEO, CFO, and business unit leaders, focusing on growth areas.

• The meeting was accessible virtually, allowing shareholders to vote, submit questions, and view the webcast, with instructions provided for remote participation.

Board and executive committee updates

• All directors and executive officers were introduced, with thanks for their contributions.

• Election of ten directors, including Steve Kaplan, Caroline Tsay, and Kunal Kapoor, was held.

• KPMG was confirmed as independent auditors for 2025 and available for questions.

Shareholder proposals

• Three proposals were presented: election of 10 directors, advisory vote on executive compensation, and ratification of KPMG as auditors.

• The board recommended approval of all proposals, with opportunity for questions.