UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 14A
 
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant   x	
 	
Filed by a Party other than the Registrant   o	
 	
Check the appropriate box:	
o	Preliminary Proxy Statement	
o	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))	
o	Definitive Proxy Statement	
x	Definitive Additional Materials	
o	Soliciting Material under §240.14a-12	
 	
Morningstar, Inc.	
(Name of Registrant as Specified In Its Charter)	

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)	
 	
Payment of Filing Fee (Check the appropriate box):	
x	No fee required.	
o	Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.	
 	(1)	Title of each class of securities to which transaction applies:	
 	 	 	
 	(2)	Aggregate number of securities to which transaction applies:	
 	 	 	
 	(3)	Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):	
 	 	 	
 	(4)	Proposed maximum aggregate value of transaction:	
 	 	 	
 	(5)	Total fee paid:	
 	 	 	
o	Fee paid previously with preliminary materials.	
o	Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.	
 	(1)	Amount Previously Paid:	
 	 	 	
 	(2)	Form, Schedule or Registration Statement No.:	
 	 	 	
 	(3)	Filing Party:	
 	 	 	
 	(4)	Date Filed:	

 

 

22 West Washington Street
Chicago, IL 60602
 
SUPPLEMENT TO PROXY STATEMENT DATED APRIL 6, 2018 FOR THE 2018 ANNUAL
SHAREHOLDERS’ MEETING TO BE HELD ON MAY 18, 2018
 
EXPLANATORY NOTE:
 
The sole purpose of this supplement (this Supplement) to the definitive proxy statement of Morningstar, Inc. filed with the Securities and Exchange Commission on April 6, 2018 (the Proxy Statement) is to correct the table under the caption “Board Committees and Charters” on page 9 of the Proxy Statement. The table shows the members of each board committee as of the date of the Proxy Statement and the number of meetings held by each committee during 2017. The table incorrectly lists Kunal Kapoor as a member of the Nominating and Corporate Governance Committee and also incorrectly omits Robin Diamonte as a member of the Nominating and Corporate Governance Committee. The corrected table is set forth below and replaces the original table in the Proxy Statement in its entirety.

Director	 	Audit	 	Compensation	 	Nominating and Corporate
Governance	
Joe Mansueto	 	 	 	 	 	 	
Kunal Kapoor	 	 	 	 	 		
Robin Diamonte	 	Member	 	 	 	Member	
Cheryl Francis	 	Chair	 	Member	 	 	
Steve Kaplan	 	 	 	Chair	 	Member	
Gail Landis	 	Member	 	 	 	Member	
Bill Lyons	 	 	 	Member	 	Chair	
Jack Noonan	 	Member	 	Member	 	 	
Caroline Tsay	 	Member	 	 	 	Member	
Hugh Zentmyer	 	Member	 	Member	 	 	
2017 Meetings	 	8	 	6	 	4	
 
  This Supplement should be read in conjunction with the Proxy Statement. Except as specifically presented in this Explanatory Note, all information set forth in the Proxy Statement remains unchanged. If you have already voted and would like to change or revoke your prior vote on any proposal, please refer to page 2 of the Proxy Statement for further information on how to do so.