The Chicago Mercantile Exchange postponed its annual meeting and...

The Chicago Mercantile Exchange postponed its annual meeting and election until April 18 to give the IRS time to rule on allowing the exchange to complete its move from a member-owned, not-for-profit corporation to a demutualized public company. The exchange board also agreed to hold future annual elections and meetings in April, rather than December. The later date will give the exchange more time to prepare annual financial reports and proxy statements required of public companies, and it makes the exchange’s election and meeting cycle more compatible with other publicly held companies.