INTL FCStone to put name change to vote at special meeting of shareholders

Maria Nikolova

The company proposes to change its name from INTL FCStone Inc. to “StoneX Group Inc.”.

INTL FCstone Inc (NASDAQ:INTL) is inviting its shareholders to attend a special meeting to be held at the company’s offices at 1251 NW Briarcliff Parkway, Suite 800, Kansas City, Missouri on Wednesday, June 24, 2020 at 10:00 a.m. (Central Daylight Time). At the meeting, shareholders will be asked to vote on an amendment to the company’s certificate of incorporation to change the name of the company.

The INTL FCStone Inc. Board of Directors has unanimously approved a proposal to amend the company’s certificate of incorporation to change its name from INTL FCStone Inc. to “StoneX Group Inc.”, subject to shareholder approval. The Board has declared this amendment to be advisable and recommended that this proposal be presented to the Company’s shareholders for approval.

If the shareholders approve the proposal, INTL FCStone Inc. will file a certificate of amendment to the company’s certificate of incorporation with the Secretary of State of the State of Delaware to change the company’s name. Upon filing the certificate of amendment to the INTL FCStone Inc. certificate of incorporation, the name of the company will become StoneX Group Inc.

The company explains that it has operated as INTL FCStone Inc. for approximately nine years, as the name was selected in 2011 to reflect the merger between International Assets Holding Corporation and FCStone Group, Inc. The Board of Directors, management and employees of the company now desire to adopt a new corporate name as part of a global rebranding initiative.

The new name is seen as more distinctive, and easier to remember and pronounce, than the existing name. The new name also includes aspirational elements that are strategically important to the company, such as digitizing the company’s platforms and driving innovation in the marketplace.

The new name preserves significant brand equity and speaks to the aspirational elements of the Company’s branding strategy.

“Stone” embodies the oldest part of the company’s franchise and “X” evokes exchange, digitization and innovation, INTL FCStone says.

The Board of Directors recommends that the shareholders vote “for” the proposed change.

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