Northern Trust Appoints New Director, Updates Officer Compensation
Ticker: NTRSO · Form: 8-K · Filed: Sep 10, 2024 · CIK: 73124
| Field | Detail |
|---|---|
| Company | Northern Trust CORP (NTRSO) |
| Form Type | 8-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.66 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, executive-compensation, governance
Related Tickers: NTRS
TL;DR
NTT adds a new board member, updates exec pay.
AI Summary
Northern Trust Corporation announced on September 10, 2024, a change in its board of directors. Specifically, Douglas L. Paul has been appointed as a new director, effective immediately. The filing also notes the election of other directors and updates on compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in corporate strategy or governance, while updates to executive compensation are closely watched by investors for alignment with performance.
Risk Assessment
Risk Level: low — This filing primarily concerns board appointments and compensation, which are routine corporate governance matters and do not indicate significant financial distress or operational risk.
Key Players & Entities
- NORTHERN TRUST CORPORATION (company) — Registrant
- Douglas L. Paul (person) — Newly appointed director
- September 10, 2024 (date) — Effective date of appointment
- Delaware (jurisdiction) — State of incorporation
- 50 South LaSalle Street, Chicago, Illinois 60603 (address) — Principal executive offices
FAQ
Who has been appointed as a new director to Northern Trust Corporation's board?
Douglas L. Paul has been appointed as a new director.
When was the appointment of the new director effective?
The appointment was effective September 10, 2024.
What other items are covered in this 8-K filing?
The filing also covers the election of directors and compensatory arrangements of certain officers.
What is the principal business address of Northern Trust Corporation?
The principal business address is 50 South LaSalle Street, Chicago, Illinois 60603.
In which state is Northern Trust Corporation incorporated?
Northern Trust Corporation is incorporated in Delaware.
Filing Stats: 681 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-09-10 16:53:32
Key Financial Figures
- $1.66 — nge on which registered Common Stock, $1.66 2/3 Par Value NTRS The NASDAQ Stock
Filing Documents
- d868217d8k.htm (8-K) — 33KB
- d868217dex991.htm (EX-99.1) — 10KB
- g868217g0910103939622.jpg (GRAPHIC) — 3KB
- 0001193125-24-216672.txt ( ) — 202KB
- ntrs-20240910.xsd (EX-101.SCH) — 4KB
- ntrs-20240910_def.xml (EX-101.DEF) — 13KB
- ntrs-20240910_lab.xml (EX-101.LAB) — 21KB
- ntrs-20240910_pre.xml (EX-101.PRE) — 14KB
- d868217d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release of Northern Trust Corporation, dated September 10, 2024. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 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: September 10, 2024 By: /s/ Brad A. Kopetsky Brad A. Kopetsky Executive Vice President, Deputy General Counsel and Corporate Secretary