Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed in the definitive proxy statement on Schedule 14A filed by Morningstar, Inc. (the "Company" or "Morningstar") with the Securities and Exchange Commission on March 27, 2026, Director Gail Landis, who had reached mandatory retirement age under the Company's director retirement policy by the Company's Annual Shareholders' Meeting held on May 7, 2026 (the "Annual Shareholders' Meeting"), did not stand for re-election to the Board of Directors of the Company (the "Board") in accordance with such policy. The size of the Board was set at 10 directors, effective upon the conclusion of the Annual Shareholders' Meeting.
Item 5.07. Submission of Matters to a Vote of Security Holders
On May 7, 2026, the Company held its Annual Shareholders' Meeting, for the purpose of electing directors, providing an advisory vote on Morningstar's executive compensation, and ratifying the appointment of KPMG LLP ("KPMG") as Morningstar's independent registered public accounting firm for 2026.
Each of the nominees for director, as listed in the proxy statement, was elected with the number of votes set forth below:
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Name
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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Joe Mansueto
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33,192,034
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508,755
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6,874
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1,281,152
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Kunal Kapoor
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33,502,488
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198,311
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6,864
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1,281,152
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Anne Bramman
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33,646,764
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46,318
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14,581
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1,281,152
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Robin Diamonte
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33,147,696
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552,518
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7,449
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1,281,152
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Cheryl Francis
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32,212,413
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1,462,628
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32,622
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1,281,152
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Steve Joynt
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33,420,268
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279,943
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7,452
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1,281,152
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Steve Kaplan
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32,236,110
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1,464,664
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6,889
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1,281,152
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Bill Lyons
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31,265,595
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2,434,521
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7,547
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1,281,152
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Doniel Sutton
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33,126,385
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473,192
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108,086
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1,281,152
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Caroline Tsay
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33,262,359
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437,726
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7,578
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1,281,152
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Morningstar's executive compensation was approved, on an advisory basis, with the voting as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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32,474,755
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1,206,815
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26,093
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1,281,152
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The appointment of KPMG as Morningstar's independent registered public accounting firm for 2026 was ratified with the voting as follows:
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Votes For
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Votes Against
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Abstentions
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34,861,651
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89,355
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37,809
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