Miami International Holdings, Inc. Announces Appointment of New Director

Key Highlights:

• Miami International Holdings, Inc. (MIAX) announced the appointment of Eric Sites as a new director to its Board of Directors, effective April 24, 2026.
• This change fills an existing vacancy on the Board and is effective until the 2026 Annual Meeting of Shareholders, or until a successor is elected and qualified, or until Mr. Sites’ earlier death, resignation, or removal.
• Mr. Sites is not, as of this filing, assigned to any Board committees.

Details of the Appointment:

• The Board’s decision follows a recommendation from the Nominating and Corporate Governance Committee.
• Mr. Sites’ compensation will be in line with other non-employee directors of the Company.
• He has no family relationships with any of the Company’s directors or executive officers.
• There are no transactions, current or proposed, between Mr. Sites and the Company that would require disclosure under Item 404(a) of Regulation S-K.
• There are no arrangements or understandings between Mr. Sites and any other persons concerning his election as a director.
• Mr. Sites has entered into an indemnification agreement with the Company, consistent with the agreement filed as Exhibit 10.19 to the Company’s Registration Statement on Form S-1 (filed July 18, 2025). This agreement may require the Company to indemnify Mr. Sites for certain expenses, including legal fees, judgments, fines, and settlement amounts incurred as a result of his service as a director.

What Shareholders Need to Know (Potential Price-Sensitive Information):

• Board Refreshment: The appointment of a new director generally signals ongoing board refreshment and may reflect the Company’s strategic or governance priorities. Investors may view the addition of new independent directors as a positive for corporate governance and oversight.
• No Related Party Transactions: The filing clarified that there are no related party transactions or family ties, ensuring independent oversight.
• Standard Compensation and Indemnification: Mr. Sites will be compensated like other non-employee directors and has standard indemnification coverage, which is typical for listed companies and helps attract qualified board members.
• Not Assigned to Committees: As of the effective date, Mr. Sites is not serving on any committee, but future assignments could be significant, especially if he joins key committees such as audit or compensation.

General Information about MIAX:

• Miami International Holdings, Inc. is incorporated in Delaware and is based in Princeton, New Jersey.
• The company’s common stock (par value \$0.001 per share) trades on the New York Stock Exchange under the ticker symbol MIAX.

Disclaimer: This news article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence before making investment decisions. The appointment of a new director, while potentially significant for governance and future strategy, does not guarantee any specific financial or share price outcome. Please refer to the company’s official filings and disclosures for comprehensive information.

View MIAMI INTERNATIONAL HOLDINGS, INC. Historical chart here