Today's action also allows for an annual election to establish a nine-person Board of Directors by no later than March 31, 2002, if the CBOT® membership has voted in a timely manner in favor of the CBOT® restructuring proposal. It also allows for an annual election to fill the normal vacancies on an eighteen-person Board of Directors by no later than March 31, 2002 if the exchange membership has voted against the CBOT® restructuring proposal, or if the membership vote on the restructuring proposal was not able to be taken in a timely manner.
CBOT® Chairman Nickolas J. Neubauer said, "Today's favorable vote represents a critical step towards achieving our goal of creating a more competitive Chicago Board of Trade, and moves us further along in modernizing certain aspects of our governance structure."
For more information about the CBOT®'s products and markets, log onto the exchange web site at www.cbot.com.
While the Board of Trade of the City of Chicago, Inc. (CBOT®) has filed a Registration Statement on Form S-4, including a preliminary proxy statement and prospectus, regarding the restructuring transactions with the SEC, it has not yet become effective, which means it is not yet final. CBOT® members are urged to read the final Registration Statement on Form S-4, including the final proxy statement and prospectus, regarding the restructuring transactions referred to above, when it is finalized and distributed to members, as well as the other documents for which the CBOT® has filed or will file with the SEC, because they contain or will contain important information for making an informed investment decision. Members may obtain a free copy of the final prospectus, when it becomes available, and other documents filed by the CBOT® at the SEC's web site at www.sec.gov. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state in which offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
