Moody's Corporation Reports Board of Directors Retirement and Committee Appointments

Executive Summary

On October 15, 2026, Moody's Corporation (NYSE: MCO) filed an amended Current Report on Form 8-K/A under Item 5.02 to report governance and board leadership updates following the retirement of long-tenured director Jorge Bermudez.

Key Disclosures

1. Director Retirement

   • Director: Jorge Bermudez
   • Effective Date: October 12, 2026
   • Tenure: Served on the Board since April 19, 2011.
   • Reason: Retirement; no disagreements were reported with the Company, management, or the Board.

2. Compensatory Arrangements

   • In recognition of his service, the Board approved the removal of forfeiture requirements for restricted stock units (RSUs) granted to Mr. Bermudez in February 2026, allowing the RSUs to become fully vested.

3. Committee Leadership & Board Composition

   • Audit Committee Chair: Lisa Sawicki was appointed Chairman of the Audit Committee, effective immediately.
   • New Director Committee Assignments: Keith Demmings (previously elected to the Board on August 11, effective November 1, 2026) was appointed to serve on both the Audit Committee and the Governance & Nominating Committee.
   • Total Board Size: Board size remains at 10 directors following Mr. Bermudez's departure and Mr. Demmings' accession.

Governance & Market Impact Assessment

• Trading Significance: Low. The changes represent planned succession and governance committee rotation rather than contentious departures or operational disruptions.
• Continuity: The appointment of Ms. Sawicki as Audit Committee Chair ensures experienced leadership continuity on the audit panel.