Morningstar (MORN) Proxy filing summary

Executive summary

• Forward-looking statements highlight risks from AI, cybersecurity, regulatory changes, and market volatility, with a focus on maintaining a durable competitive moat through proprietary data, research, intellectual property, and software integration.

• Recent business performance includes diversified revenue streams, with regulated segments contributing about a third of revenue and adjusted operating income in 2025, growing 7.4% over 2024.

• The company is investing in office environments to support a four-day in-office workweek, emphasizing collaboration and productivity.

Voting matters and shareholder proposals

• The 2026 Proxy for the Annual Shareholders' Meeting will be filed, with proxy solicitation conducted via a Notice of Internet Availability to stockholders of record as of March 9, 2026.

• Additional information on participants in the proxy solicitation and relevant proposals will be included in the definitive proxy statement.

Board of directors and corporate governance

• Biographical information on directors and executive officers is available in prior SEC filings, with updates to be provided in the 2026 Proxy.

• Insider buying is permitted under compliance policies, with recent open-market purchases disclosed as required.