MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced the results of its annual Board of Directors (Board) election, held October 6, 2016. Re-elected to the Board were Martin F. Farrell, Christopher T. Matzdorf and Michael O. Miller. Newly elected to the Board was Kerry L. Melius. All were elected to serve two-year terms.
MGEX Chief of Staff and Assistant Corporate Secretary Jesse Marie Green reported that the four candidates ran uncontested for four open Board positions. A total of 244 votes on proxies were received.
“On behalf of MGEX ownership and management, I would like to thank outgoing director Scott A. Cordes for his service to MGEX over the last two decades. He was a dedicated leader as Chairman of the Board for a total of five years over the course of his Board tenure,” said Mark G. Bagan, President & CEO, MGEX. “I would also like to welcome Kerry Melius to the Board, and I look forward to continue working with the three re-elected members to further grow the Exchange.”
Information on MGEX products, services and history can be found on the Exchange’s website at www.mgex.com.
