UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) of THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 15, 2015

INTERCONTINENTAL EXCHANGE, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware 001-36198 46-2286804

(State or other jurisdiction of

incorporation)

(Commission

File No.)

(I.R.S. Employer Identification

Number)

5660 New Northside Drive, Third Floor, Atlanta, Georgia 30328

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (770) 857-4700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

Item 1.01 Entry into a Material Definitive Agreement.

On May 15, 2015, Intercontinental Exchange, Inc., as parent borrower, and its subsidiary ICE Europe Parent Limited, as subsidiary borrower, entered into an amendment to its $3.0 billion senior unsecured revolving credit facility (the “Credit Agreement Amendment”) with Wells Fargo Bank, National Association, as administrative agent, issuing lender and swingline lender, Bank of America, N.A., as syndication agent, and the lenders party thereto. The Credit Agreement Amendment removes from the definition of "Change of Control" the trigger related to certain changes in the composition of the Intercontinental Exchange's board of directors by reference to the concept of "Continuing Directors" and eliminates the defined term “Continuing Directors”.

The preceding description of the Credit Agreement Amendment is not a complete description of the terms of the document, and is qualified in its entirety by reference to the text of the amendment, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

Item 5.07. Submission of Matters to a Vote of Security Holders

(a) The Annual Meeting of Stockholders of Intercontinental Exchange, Inc. was held on May 15, 2015. At the close of business on March 17, 2015, which was the record date for the determination of stockholders entitled to vote at the Annual Meeting, there were 111,753,632 outstanding shares of common stock eligible to vote at the Annual Meeting, constituting all of the outstanding voting securities of Intercontinental Exchange, Inc.

(b) The results of the matters submitted to a stockholder vote at the Annual Meeting are as follows:

1. Election of Directors : Our stockholders elected the following ten directors to each serve a one-year term expiring on the date of the 2016 Annual Meeting of Stockholders or until his or her earlier resignation or successor has been duly elected and qualified:

  For Against  Abstain Broker Non-Votes
Charles R. Crisp 87,748,773 1,448,411 179,574 6,008,290
Jean-Marc Forneri 87,386,509 1,807,146 183,103 6,008,290
Fred W. Hatfield 88,538,058    655,818 182,882 6,008,290
Terrence F. Martell, Ph.D 88,628,790    568,445 179,523 6,008,290
Sir Callum McCarthy 88,608,862    588,593 179,303 6,008,290
Sir Robert Reid 87,269,928 1,923,567 183,263 6,008,290
Frederic V. Salerno 81,525,522 7,668,482 182,754 6,008,290
 
 

 

Jeffrey C. Sprecher 85,745,440 3,071,729 559,589 6,008,290
Judith A. Sprieser 87,937,216 1,256,876 182,666 6,008,290
Vincent Tese 81,983,146 7,213,814 179,798

6,008,290

 

2. Advisory Resolution on Executive Compensation : Our stockholders approved the proposal on executive compensation. As previously disclosed, our Board of Directors has determined to hold advisory votes on executive compensation annually.

 

For Against Abstain Broker Non-Votes
86,761,286 2,254,315 361,157

6,008,290

 

3. Ratification of Appointment of Independent Registered Public Accounting Firm : Our stockholders ratified the selection of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2015.

 

For Against Abstain
94,475,029 729,312

180,707

 

4. Approval of the amendment to our Amended and Restated Certificate of Incorporation : Our stockholders approved the amendment to our Amended and Restated Certificate of Incorporation to delete provisions no longer applicable to us following our sale of Euronext.

For

95,047,322

 

Against

54,258

Abstain

283,468

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
10.1 First Amendment to Credit Agreement dated May 15, 2015 amending Credit Agreement originally dated April 3, 2014 among Intercontinental Exchange, Inc. (formerly known as IntercontinentalExchange Group, Inc.) and ICE Europe Parent Limited, as borrowers, Wells Fargo Bank, National Association, as administrative agent, issuing lender and swingline lender, Bank of America, N.A., as syndication agent, and each of the lenders party thereto for an aggregate $3.0 billion five-year senior unsecured revolving credit facility.
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

    INTERCONTINENTAL EXCHANGE, INC.
     
Date: May 19, 2015 By:  /s/ Andrew J. Surdykowski
    Andrew J. Surdykowski
    Senior Vice President, Associate General Counsel


Exhibit 10.1

 

FIRST AMENDMENT TO CREDIT AGREEMENT

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “ First Amendment ”), dated as of May 15, 2015, is entered into by and among INTERCONTINENTAL EXCHANGE INC. (formerly INTERCONTINENTALEXCHANGE GROUP, INC.) , a Delaware corporation (the “ Parent Borrower ”), ICE EUROPE PARENT LIMITED , a limited company incorporated under the laws of England and Wales (the “ Subsidiary Borrower ”, and together with the Parent Borrower, the “ Borrowers ”), the Lenders (as hereinafter defined), and WELLS FARGO BANK, NATIONAL ASSOCIATION , as Administrative Agent.

RECITALS

A. The Borrowers, the several lenders from time to time party thereto (the “ Lenders ”), and the Administrative Agent are party to the Credit Agreement, dated as of April 3, 2014 (as amended, supplemented, restated or otherwise modified prior to the date hereof, the “ Credit Agreement ”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement as amended by this First Amendment.

B. The Parent Borrower has requested that the Required Lenders amend the Credit Agreement on the terms and conditions set forth herein.

STATEMENT OF AGREEMENT

NOW, THEREFORE , in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I 

Amendments to CREDIT AGREEMENT

1.1               Amendments to the Credit Agreement . Effective upon the First Amendment Effective Date (as hereinafter defined):

(a)                 the definition of “Change of Control” in Section 1.1 of the Credit Agreement is hereby amended and restated in full to read as follows:

 
 

““ Change of Control ” means an event or series of events by which any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934), directly or indirectly, of 35% or more of the equity securities of the Parent Borrower entitled to vote for members of the board of directors or equivalent governing body of the Parent Borrower on a fully-diluted basis.”

(b) the definition of “Continuing Directors” in Section 1.1 of the Credit Agreement is hereby deleted in its entirety.

ARTICLE II 

conditions OF EFFECTIVENESS

2.1               The amendments set forth in Sections 1.1 shall become effective as of the date (the “ First Amendment Effective Date ”) when, and only when, the Administrative Agent shall have received an executed counterpart of this First Amendment from the Borrowers and the Required Lenders.

ARTICLE III 

REPRESENTATIONS AND WARRANTIES

Each of the Borrowers hereby represents and warrants, on and as of the First Amendment Effective Date, that this First Amendment has been duly authorized, executed and delivered by such Borrower and constitutes the legal, valid and binding obligation of such Borrower enforceable against it in accordance with its terms subject, in the case of the Subsidiary Borrower, to Legal Reservations and except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general equitable principles or by principles of good faith and fair dealing (regardless of whether enforcement is sought in equity or at law).

ARTICLE IV 

ACKNOWLEDGEMENT AND conFIRMATION

Each party to this First Amendment hereby confirms and agrees that, after giving effect to this First Amendment and the amendments contemplated hereby, and except as expressly modified hereby, the Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect.

 
 

ARTICLE V 

MISCELLANEOUS

5.1               Governing Law . This First Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules).

5.2               Credit Document . As used in the Credit Agreement, “hereinafter,” “hereto,” “hereof,” and words of similar import shall, unless the context otherwise requires, mean the Credit Agreement after amendment by this First Amendment. Any reference to the Credit Agreement or any of the other Credit Documents herein or in any such documents shall refer to the Credit Agreement and the other Credit Documents as amended hereby. This First Amendment is limited to the matters expressly set forth herein, and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit Agreement except as expressly set forth herein. This First Amendment shall constitute a Credit Document under the terms of the Credit Agreement.

5.3               Expenses . The Credit Parties shall pay all reasonable and documented fees and expenses of counsel to the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this First Amendment.

5.4               Severability . To the extent any provision of this First Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in any such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Amendment in any jurisdiction.

5.5               Successors and Assigns . This First Amendment shall be binding upon, inure to the benefit of and be enforceable by the respective successors and permitted assigns of the parties hereto.

5.6               Construction . The headings of the various sections and subsections of this First Amendment have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof.

5.7               Counterparts; Integration . This First Amendment may be executed and delivered via facsimile or electronic mail with the same force and effect as if an original were executed and may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures hereto were upon the same instrument. This First Amendment constitutes the entire contract among the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.

[remainder of page intentionally left blank]

 
 

 

 

IN WITNESS WHEREOF , the parties hereto have caused this First Amendment to be executed by their duly authorized officers as of the date first above written.

 

  INTERCONTINENTAL EXCHANGE INC.
     
  By: /s/ Scott A. Hill
  Name: Scott A. Hill
  Title: Senior Vice President and
    Chief Financial Officer
     
  ICE EUROPE PARENT LIMITED
     
  By: /s/ Scott A. Hill
  Name: Scott A. Hill
  Title: Director
     
  By: /s/ Johnathan H. Short
  Name: Johnathan H. Short
  Title: Director

 

SIGNATURE PAGE TO

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 
 

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION ,
as the Administrative Agent, the Multi-Currency Agent, an Issuing Bank, the Swingline Lender and a Lender
     
  By: /s/ Tracy L. Moosbrugger
  Name: Tracy L. Moosbrugger
  Title: Managing Director
     
  BANK OF AMERICA, N.A. , as a Lender
     
  By: /s/ Thomas M. Paulk
  Name: Thomas M. Paulk
  Title: Senior Vice President
     
  THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. , as a Lender
     
  By: /s/ Oscar Cortez
  Name: Oscar Cortez
  Title: Vice President
     
  BANK OF CHINA, NEW YORK BRANCH , as a Lender
     
  By: /s/ Chen Xu
  Name: Chen Xu
  Title: President & CEO, USA
     
  BANK OF MONTREAL (CHICAGO BRANCH) , as a Lender
     
  By: /s/ Adam Tarr
  Name: Adam Tarr
  Title: Vice President

 

 
 

 

 

  BANK OF MONTREAL (LONDON BRANCH) , as a Lender
     
  By: /s/ A. Leboon
  Name: A. Leboon
  Title: Managing Director
     
  By: /s/ Lisa Rodriguez
  Name: Lisa Rodriguez
  Title: Managing Director
     
  COMPASS BANK , as a Lender
     
  By: /s/ Stephen H. Lee
  Name: Stephen H. Lee
  Title: Senior Vice President
     
  FIFTH THIRD BANK , as a Lender
     
  By: /s/ Kenneth W. Deere
  Name: Kenneth W. Deere
  Title: Senior Vice President
     
  REGIONS BANK , as a Lender
     
  By: /s/ Stephen A. Brothers
  Name: Stephen A. Brothers
  Title: Senior Vice President
     
  SUNTRUST BANK , as a Lender
     
  By: /s/ David A. Ernst
  Name: David A. Ernst
  Title: Vice President

 

 
 

 

  JPMORGAN CHASE BANK , N.A., as a Lender
     
  By: /s/ Leo Lai
  Name: Leo Lai
  Title: Executive Director
     
  MORGAN STANLEY BANK, N.A., as a Lender
     
  By: /s/ Scott Taylor
  Name: Scott Taylor
  Title: Authorized Signatory
     
  SOCIETE GENERALE , as a Lender
     
  By: /s/ Paul Dalle-Molle
  Name: Paul Dalle-Molle
  Title: Managing Director
     
  US BANK NATIONAL ASSOCIATION , as a Lender
     
  By: /s/ Charles Howes
  Name: Charles Howes
  Title: Vice President
     
  GOLDMAN SACHS BANK USA, as a Lender
     
  By: /s/ Jamie Minieri
  Name: Jamie Minieri
  Title: Authorized Signatory