Election Notice - March 27, 2009

Nominees for Vacant FINRA Board of Governors Large Firm Seats

Executive Summary

The purpose of this Notice is to announce the individuals nominated by the NYSE Group Committee of the FINRA Board of Governors (FINRA Board) for election to the vacant Large Firm Governor seats on the FINRA Board. The nominees are Seth H. Waugh and James D. Weddle. Eligible individuals who were not nominated may petition to have their name included on the ballot by following the procedures below.

 

Pursuant to Article VII, Section 10 of FINRA's By-Laws, a person who has not been nominated for election to the FINRA Board may be included on the ballot for the election of governors if:

 

(a) within 45 days after the date of this Election Notice, such person presents to the Secretary of FINRA petitions in support of such nomination, duly executed by at least three percent of FINRA member firms entitled to vote for such nominee's election. If, however, a candidate's name appears on a petition in support of a slate of more than one nominee, the slate must be endorsed by 10 percent of FINRA's voting members entitled to vote for such nominees' election; and

 

(b) the Secretary certifies that such petitions have been duly executed by the executive representatives of the requisite number of FINRA member firms entitled to vote for such person's election, and the person being nominated satisfies the classification of the governorship to be filled based on the information provided by the person as is reasonably necessary for the Secretary to make the certification.

 

Only Large Firm member firms may endorse nominees for the vacant Large Firm Governor seats. No firm may endorse more than one such nominee. Persons submitting petitions must provide information sufficient for the Corporate Secretary to determine that the petitions are duly executed by the executive representatives of the requisite number of large firms by Monday, May 11, 2009.