State Street Corp Announces Board and Executive Changes
Ticker: STT-PG · Form: 8-K · Filed: Nov 13, 2024 · CIK: 93751
| Field | Detail |
|---|---|
| Company | State Street Corp (STT-PG) |
| Form Type | 8-K |
| Filed Date | Nov 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $100,000, $195,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: STT
TL;DR
State Street Corp shakes up board and exec pay - effective Nov 8.
AI Summary
State Street Corporation announced on November 8, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of a director and the appointment of new officers, along with updates to their compensatory arrangements. These changes are effective as of November 8, 2024.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial priorities, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes, such as director departures and executive appointments, which typically do not pose significant immediate risks.
Key Players & Entities
- State Street Corporation (company) — Registrant
- November 8, 2024 (date) — Date of Earliest Event Reported
- Massachusetts (jurisdiction) — State of Incorporation
FAQ
Who departed from the board of directors at State Street Corporation?
The filing indicates the departure of a director, but the specific name is not provided in the excerpt.
When were the changes in directors and officers effective?
The changes were effective as of November 8, 2024.
What specific items are covered by this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is State Street Corporation's fiscal year end?
State Street Corporation's fiscal year ends on December 31.
What is the SIC code for State Street Corporation?
The Standard Industrial Classification (SIC) code for State Street Corporation is 6022, which corresponds to STATE COMMERCIAL BANKS.
Filing Stats: 582 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-11-13 07:54:28
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value per share STT New York Stock
- $100,000 — ed to a pro rata share of the 2024-2025 $100,000 annual retainer and $195,000 stock reta
- $195,000 — 2024-2025 $100,000 annual retainer and $195,000 stock retainer and to other director co
Filing Documents
- stt-20241108.htm (8-K) — 28KB
- 0000093751-24-000915.txt ( ) — 185KB
- stt-20241108.xsd (EX-101.SCH) — 4KB
- stt-20241108_def.xml (EX-101.DEF) — 6KB
- stt-20241108_lab.xml (EX-101.LAB) — 27KB
- stt-20241108_pre.xml (EX-101.PRE) — 16KB
- stt-20241108_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: November 13, 2024