Wells Fargo Announces Board and Executive Changes
Ticker: WFC-PA · Form: 8-K · Filed: Jan 30, 2025 · CIK: 72971
| Field | Detail |
|---|---|
| Company | Wells Fargo & Company/Mn (WFC-PA) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: WFC
TL;DR
Wells Fargo is shuffling its deck: board seats changing, exec pay adjusted. Keep an eye on this.
AI Summary
Wells Fargo & Company announced on January 28, 2025, changes in its board of directors and executive officers. The filing details the departure of certain directors and officers, the election of new directors, and updates to executive compensation arrangements. Specific details regarding the individuals involved and the financial implications of these changes are provided within the document.
Why It Matters
Changes in a major financial institution's leadership and compensation can signal strategic shifts and impact investor confidence.
Risk Assessment
Risk Level: medium — Leadership changes at a large financial institution can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- WELLS FARGO & COMPANY/MN (company) — Filer
- 0000072971 (company) — Central Index Key
- 333 MARKET STREET (location) — Business Address
- SAN FRANCISCO (location) — Business Address City
- CA (location) — Business Address State
- 94105 (location) — Business Address Zip
FAQ
What specific roles have been affected by the director and officer changes at Wells Fargo?
The filing indicates departures of certain directors and officers, election of new directors, and appointment of certain officers, along with updates to compensatory arrangements for certain officers. Specific names and roles are detailed within the document.
When were these changes effective or reported?
The filing is dated January 30, 2025, and the reported period of the report is January 28, 2025, with the date as of change also being January 28, 2025.
Are there any specific financial details related to the compensatory arrangements mentioned?
The filing states that compensatory arrangements of certain officers are being updated, but specific dollar amounts or details of these arrangements are not explicitly provided in the summary information.
What is the SIC code for Wells Fargo & Company?
The Standard Industrial Classification (SIC) code for Wells Fargo & Company is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
What are the different series of preferred stock mentioned in the filing?
The filing mentions several series of preferred stock, including A7.5NonCumulativePerpetualConvertibleClassAPreferredStockSeriesL, NonCumulativePerpetualClassAPreferredStockSeriesY, NonCumulativePerpetualClassAPreferredStockSeriesZ, NonCumulativePerpetualClassAPreferredStockSeriesAA, and NonCumulativePerpetualClassAPreferredStockSeriesCC.
Filing Stats: 620 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-01-30 17:04:02
Key Financial Figures
- $1 — ch Registered Common Stock, par value $1-2/3 WFC New York Stock Exchange ( N
Filing Documents
- wfc-20250128.htm (8-K) — 40KB
- exhibit991-weissannounceme.htm (EX-99.1) — 10KB
- wfclogo.jpg (GRAPHIC) — 1KB
- 0000072971-25-000043.txt ( ) — 269KB
- wfc-20250128.xsd (EX-101.SCH) — 5KB
- wfc-20250128_def.xml (EX-101.DEF) — 19KB
- wfc-20250128_lab.xml (EX-101.LAB) — 39KB
- wfc-20250128_pre.xml (EX-101.PRE) — 20KB
- wfc-20250128_htm.xml (XML) — 9KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description Location 99.1 News Release. Filed herewith. 104 Cover Page Interactive Data File. Embedded within the Inline XBRL document. 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. Dated: January 30, 2025 WELLS FARGO & COMPANY By: /s/ EMMA M. BAILEY Emma M. Bailey Executive Vice President, Deputy General Counsel and Secretary