8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): June 16, 2021

MOODY’S CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware	1-14037	13-3998945
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7 World Trade Center at 250 Greenwich Street

New York, New York 10007

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 553-0300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	MCO	New York Stock Exchange
1.75% Senior Notes Due 2027	MCO 27	New York Stock Exchange
0.950% Senior Notes Due 2030	MCO 30	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

TABLE OF CONTENTS

ITEM 5.02	DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS	3
ITEM 7.01	REGULATION FD DISCLOSURE	3
ITEM 9.01	FINANCIAL STATEMENTS AND EXHIBITS	3
SIGNATURES		4
EXHIBIT 99.1
EXHIBIT 104

2

Item 5.02, “Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers”

(d)    On June 17, 2021, Moody’s Corporation (the “Company”) announced that Mr. Zig Serafin has been elected as a member of the Company’s Board of Directors, effective as of July 14, 2021.

Mr. Serafin also has been elected to serve on the Board’s Audit, Governance & Nominating and Compensation & Human Resources Committees effective July 14, 2021. With the election of Mr. Serafin, the Company’s Board will consist of ten directors. Mr. Serafin, 47, is currently the chief executive officer of Qualtrics International and has served in that role since July 2020. Prior to becoming chief executive officer, Mr. Serafin served as president from January 2019 to July 2020 and as its chief operating officer from October 2016 to December 2018. From July 2009 to October 2016, Mr. Serafin served as corporate vice president at Microsoft Corporation, a multi-national technology company, where he led a global team responsible for engineering, service operations and strategy in telecommunications services and applications.

In accordance with the Company’s director compensation plan for non-employee directors, Mr. Serafin will be paid an annual cash retainer of $105,000, payable in quarterly installments. In July 2021, he will receive an annual restricted stock unit award under the 1998 Moody’s Corporation Non-Employee Directors’ Stock Incentive Plan equivalent in value to $180,000 based on the fair market value of the Company’s common stock on the effective date of the grant, which award vests on the first anniversary of the date of grant.

A copy of the Company’s press release relating to Mr. Serafin’s election as director is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 shall not be incorporated by reference into future filings under the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.

Item 7.01, “Regulation FD Disclosure”

The Company’s press release announcing Mr. Serafin’s election is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01, “Financial Statements and Exhibits”

(d) Exhibits

99.1	Press release dated June 17, 2021.
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

3

SIGNATURES

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

MOODY’S CORPORATION
By:	/s/ Elizabeth M. McCarroll
	Elizabeth M. McCarroll
	Corporate Secretary and Associate General Counsel

Date: June 17, 2021

4

EX-99.1

Exhibit 99.1

Moody’s Corporation Elects Zig Serafin to Board of Directors

New York, June 17, 2021 – Moody’s Corporation (NYSE:MCO) announced today that Zig Serafin has been elected to the Company’s Board of Directors, effective July 14, 2021.

Mr. Serafin will join the Board’s Audit, Governance & Nominating and Compensation & Human Resources committees. With the election of Mr. Serafin, Moody’s Board will consist of ten directors.

“Zig’s extensive experience in growing and managing a dynamic software company, as well as his application of innovative technologies to address customer needs, contributes to the valuable perspective he will bring to Moody’s,” said Raymond McDaniel, Chairman of Moody’s Corporation. “We look forward to working with Zig and welcome him to Moody’s board.”

“Moody’s is a world leader in using data to help organizations make the right decisions, a commitment that I share,” said Mr. Serafin. “I am proud to join distinguished colleagues on the Moody’s board, and I look forward to strengthening the experiences of the company’s stockholders, employees, and customers all over the world.”

Mr. Serafin has served as CEO of Qualtrics International, the leading experience management software provider, since 2020, earlier serving as President and Chief Operating Officer. Prior to Qualtrics, Mr. Serafin spent 17 years at Microsoft where he held a variety of senior roles, including Corporate Vice President. He led Microsoft’s enterprise collaboration services business as well as the global teams responsible for the design and development of Microsoft’s artificial intelligence platform.

Mr. Serafin holds a B.S. from Brigham Young University.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,500 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

SHIVANI KAK

Investor Relations

+1 212-553-0298

Shivani.kak@moodys.com

OR

JOE MIELENHAUSEN

Corporate Communications

+1 212 553-1641

joe.mielenhausen@moodys.com

###

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