MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced the results of its annual Board of Directors (Board) election, held October 2, 2014. Re-elected to the Board were Scott A. Cordes, Martin F. Farrell, Christopher T. Matzdorf and Michael O. Miller. All will serve two-year terms.
MGEX Chief of Staff and Assistant Corporate Secretary Jesse Marie Green reported that five candidates ran for four open Board positions. A total of 332 votes on proxies were received, which is the best election turnout in more than 12 years.
“I am pleased to be able to continue working with the four re-elected members of the MGEX Board,” said Mark G. Bagan, President & CEO, MGEX. “Their sustained leadership will provide a great foundation as we work together to expand our position in the marketplace.”
The Board will meet on October 28, 2014, to elect the Executive Committee and Board officers, as well as to appoint the four public directors.
Information on MGEX products, services and history can be found on the Exchange’s website at www.mgex.com.