Northern Trust Corp Files 8-K for Other Events
Ticker: NTRSO · Form: 8-K · Filed: Mar 6, 2024 · CIK: 73124
| Field | Detail |
|---|---|
| Company | Northern Trust CORP (NTRSO) |
| Form Type | 8-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.66 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, regulatory-filing
Related Tickers: NTRS
TL;DR
NTCC filed an 8-K for 'Other Events' on March 5th. Details TBD.
AI Summary
On March 5, 2024, Northern Trust Corporation filed an 8-K report to disclose information regarding "Other Events." The filing does not contain specific details about transactions, agreements, or financial figures, but serves as a notification of events relevant to the company's operations.
Why It Matters
This filing indicates that Northern Trust Corporation has reported an event requiring public disclosure, which could be material to investors. Investors should review the full filing for details on the nature of the event.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any immediate financial risks or negative developments.
Key Players & Entities
- NORTHERN TRUST CORP (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- March 5, 2024 (date) — Date of report
FAQ
What specific event prompted this 8-K filing by Northern Trust Corporation?
The filing is categorized under 'Other Events' and does not specify the exact event in the provided text.
When was this 8-K report filed with the SEC?
The report was filed on March 6, 2024, and the date of the earliest event reported is March 5, 2024.
What is Northern Trust Corporation's principal executive office address?
The principal executive offices are located at 50 South LaSalle Street, Chicago, Illinois, 60603.
What is Northern Trust Corporation's IRS Employer Identification Number?
The IRS Employer Identification Number for Northern Trust Corporation is 36-2723087.
Under which section of the Securities Exchange Act of 1934 is this 8-K filed?
This 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 784 words · 3 min read · ~3 pages · Grade level 14.4 · Accepted 2024-03-06 06:26:47
Key Financial Figures
- $1.66 — ange on which registered Common Stock, $1.66 2/3 Par Value NTRS The NASDAQ Stock Mar
Filing Documents
- ntrs-20240305.htm (8-K) — 31KB
- 0000073124-24-000100.txt ( ) — 192KB
- ntrs-20240305.xsd (EX-101.SCH) — 3KB
- ntrs-20240305_def.xml (EX-101.DEF) — 15KB
- ntrs-20240305_lab.xml (EX-101.LAB) — 27KB
- ntrs-20240305_pre.xml (EX-101.PRE) — 16KB
- ntrs-20240305_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events As previously disclosed, Northern Trust Fiduciary Services (Guernsey) Limited ("NTFS"), an indirect subsidiary of Northern Trust Corporation, was among the defendants in a re-trial at a French appellate court regarding a charge of complicity in estate tax fraud in connection with the administration of two trusts for which NTFS serves as trustee. On March 5, 2024, the French court rendered a judgement of conviction against all defendants, including NTFS. NTFS was ordered by the court to pay a fine of 187,500 in conjunction with the judgement. In addition, the court ordered that certain of those convicted of complicity in the matter, including NTFS, are jointly and severally liable for the allegedly unpaid estate taxes owing, plus penalties and interest (such aggregate amount will be determined in a separate proceeding before the tax courts, currently expected to occur in late March 2024). NTFS provided no tax advice and was not involved in the preparation or filing of the challenged estate tax filings in this case. Further, NTFS believes it acted in accordance with all applicable laws and fully complied with its fiduciary duties. Accordingly, NTFS filed an appeal of the judgement on March 5, 2024. Under applicable law, upon the filing by NTFS of its appeal, the judgement, as well as its effects (including the fine and joint and several liability) will be stayed pending the outcome of the appeal.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K may include statements which constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified typically by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "project," "likely," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are based on Northern Trust's current beliefs and expectations of future events or future results, and involve risks and uncertainties that are difficult to predict and subject to change. Factors that could cause results to differ materially from those anticipated in forward-looking statements can be found under the caption "Risk Factors" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2023 and in the Corporation's other filings with the Securities and Exchange Commission. The information contained herein is current only as of the date of that information. All forward-looking statements included in this document are based upon information presently available, and Northern Trust assumes no obligation to update its forward-looking statements. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORTHERN TRUST CORPORATION (Registrant) Dated: March 6, 2024 By: /s/ Susan C. Levy Susan C. Levy Executive Vice President & General Counsel