Northern Trust Corp Announces Executive and Board Changes
Ticker: NTRSO · Form: 8-K · Filed: Jan 22, 2025 · CIK: 73124
| Field | Detail |
|---|---|
| Company | Northern Trust CORP (NTRSO) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.66 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, management
Related Tickers: NTCC
TL;DR
NTCC board shakeup, new execs in, some old ones out.
AI Summary
Northern Trust Corporation announced on January 22, 2025, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and dollar amounts related to these changes were not detailed in this initial 8-K filing.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, risk appetite, and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can indicate internal shifts that may impact future strategy and performance.
Key Players & Entities
- NORTHERN TRUST CORP (company) — Registrant
- January 22, 2025 (date) — Date of earliest event reported
- 50 South LaSalle Street (location) — Principal executive offices address
- Chicago, Illinois (location) — Principal executive offices city and state
FAQ
What specific roles have been affected by the departures and appointments?
The filing indicates departures of certain officers and directors, and the election of new directors, but does not specify the exact roles in this section.
Are there any details on new compensatory arrangements for the officers?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure, but the specific details of these arrangements are not provided in the initial summary.
When was the earliest event reported in this filing?
The earliest event reported is dated January 22, 2025.
What is Northern Trust Corporation's state of incorporation?
Northern Trust Corporation is incorporated in Delaware.
What is the primary business classification for Northern Trust Corp?
Northern Trust Corp is classified under 'STATE COMMERCIAL BANKS' with SIC code 6022.
Filing Stats: 623 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2025-01-22 17:13:14
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-20250122.htm (8-K) — 33KB
- exhibit991pressrelease.htm (EX-99.1) — 5KB
- exhibit991pressrelease001.jpg (GRAPHIC) — 152KB
- exhibit991pressrelease002.jpg (GRAPHIC) — 160KB
- 0000073124-25-000020.txt ( ) — 640KB
- ntrs-20250122.xsd (EX-101.SCH) — 3KB
- ntrs-20250122_def.xml (EX-101.DEF) — 16KB
- ntrs-20250122_lab.xml (EX-101.LAB) — 29KB
- ntrs-20250122_pre.xml (EX-101.PRE) — 17KB
- ntrs-20250122_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On January 22, 2025, the Board of Directors of Northern Trust Corporation (the "Corporation") elected Robert Moritz and Richard Petrino as directors of the Corporation, effective March 1, 2025 and January 22, 2025, respectively. On January 22, 2025, Messrs. Moritz and Petrino were also elected as directors of The Northern Trust Company, the Corporation's principal subsidiary, with effective dates identical to those applicable to their service as directors of the Corporation. The Corporation's Board of Directors has not yet determined to which committees of the Board Messrs. Moritz and Petrino will be named. As members of the Corporation's Board of Directors, Messrs. Moritz and Petrino will participate in the Corporation's Non-Employee Director Compensation Plan and be eligible to participate in the Corporation's 2018 Deferred Compensation Plan for Non-Employee Directors, each of which is described in the Corporation's most recent proxy statement. Messrs. Moritz and Petrino will be granted equity awards as a portion of their compensation for service through the Corporation's 2025 Annual Meeting of Stockholders in an amount consistent with the awards granted annually to non-employee directors, prorated to account for the effective date of their respective appointments, pursuant to the Corporation's Non-Employee Director Compensation Plan.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits: Exhibit Number Description 99.1 Press Release of Northern Trust Corporation, dated Janu ary 22, 2025 . 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: January 22, 2025 By: /s/ Brad A. Kopetsky Brad A. Kopetsky Executive Vice President, Deputy General Counsel and Corporate Secretary