State Street Corp Elects New Directors, Appoints New CLO
Ticker: STT-PG · Form: 8-K · Filed: Mar 22, 2024 · CIK: 93751
| Field | Detail |
|---|---|
| Company | State Street Corp (STT-PG) |
| Form Type | 8-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $400,000, $800,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-appointment
Related Tickers: STT
TL;DR
State Street Corp shakes up leadership: Johnson & Thomas join board, Johnson takes over as CLO.
AI Summary
On March 19, 2024, State Street Corporation announced changes in its executive leadership. The company elected Sarah C. Johnson and David M. Thomas as new directors, effective immediately. Additionally, State Street Corporation appointed Sarah C. Johnson as Chief Legal Officer and General Counsel, succeeding Michelle A. Keane.
Why It Matters
These executive and board changes at a major financial institution like State Street Corporation could signal shifts in strategy or governance, impacting investor confidence and operational direction.
Risk Assessment
Risk Level: medium — Changes in key leadership roles and board composition can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- State Street Corporation (company) — Registrant
- Sarah C. Johnson (person) — Elected Director and appointed Chief Legal Officer and General Counsel
- David M. Thomas (person) — Elected Director
- Michelle A. Keane (person) — Succeeded as Chief Legal Officer and General Counsel
- March 19, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to the State Street Corporation board?
Sarah C. Johnson and David M. Thomas were elected as new directors.
What is Sarah C. Johnson's new role at State Street Corporation?
Sarah C. Johnson has been appointed as the Chief Legal Officer and General Counsel.
Who did Sarah C. Johnson succeed as Chief Legal Officer and General Counsel?
She succeeded Michelle A. Keane.
When were these changes effective?
The changes were effective as of March 19, 2024.
What is the filing date of this 8-K report?
The filing date is March 22, 2024.
Filing Stats: 514 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-03-22 16:16:49
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value per share STT New York Stock
- $400,000 — Schaefer will receive a base salary of $400,000 per year and her target incentive compe
- $800,000 — incentive compensation for 2024 will be $800,000. SIGNATURES Pursuant to the requirem
Filing Documents
- stt-20240319.htm (8-K) — 28KB
- 0000093751-24-000573.txt ( ) — 189KB
- stt-20240319.xsd (EX-101.SCH) — 5KB
- stt-20240319_def.xml (EX-101.DEF) — 7KB
- stt-20240319_lab.xml (EX-101.LAB) — 29KB
- stt-20240319_pre.xml (EX-101.PRE) — 17KB
- stt-20240319_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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. By: /s/ Mark Shelton Name: Mark Shelton Title: Executive Vice President and General Counsel Date: March 22, 2024