US BancORP Files 8-K: Director, Officer, and Compensation Updates
Ticker: USB-PQ · Form: 8-K · Filed: May 3, 2024 · CIK: 36104
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing-update
Related Tickers: USB
TL;DR
USB filed an 8-K for director/officer changes and compensation updates.
AI Summary
U.S. Bancorp (USB) filed an 8-K on May 3, 2024, to report changes in its board of directors and executive officers, as well as updates to compensatory arrangements. The filing also includes financial statements and exhibits related to these changes.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation updates, not significant financial distress or operational disruptions.
Key Players & Entities
- US BANCORP \DE\ (company) — Filer
- 0000036104 (company) — Central Index Key
- MINNEAPOLIS (location) — Business Address City
FAQ
What specific items are being reported in this 8-K filing by U.S. Bancorp?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with financial statements and exhibits.
When was this 8-K filing submitted to the SEC?
The filing was submitted on May 3, 2024.
What is the Central Index Key for U.S. Bancorp?
The Central Index Key for U.S. Bancorp is 0000036104.
What is the primary business of U.S. Bancorp according to the filing?
The filing lists U.S. Bancorp's Standard Industrial Classification as NATIONAL COMMERCIAL BANKS [6021].
Does the filing mention any former company names for U.S. Bancorp?
Yes, the filing mentions former names FIRST BANK SYSTEM INC and FIRST BANK STOCK CORP, with dates of name changes in 1992 and 1972 respectively.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 9.1 · Accepted 2024-05-03 14:30:35
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
- $1,000,000 — base salary to an annualized amount of $1,000,000, effective May 5, 2024. Ms. Kedia will
- $1,500,000 — a long-term incentive award, valued at $1,500,000 as of the grant date of May 6, 2024, wh
Filing Documents
- d830658d8k.htm (8-K) — 36KB
- d830658dex991.htm (EX-99.1) — 7KB
- g830658g0503025317856.jpg (GRAPHIC) — 5KB
- g830658g0503025318127.jpg (GRAPHIC) — 4KB
- g830658g0503025318373.jpg (GRAPHIC) — 3KB
- 0001193125-24-130532.txt ( ) — 251KB
- usb-20240503.xsd (EX-101.SCH) — 4KB
- usb-20240503_def.xml (EX-101.DEF) — 15KB
- usb-20240503_lab.xml (EX-101.LAB) — 26KB
- usb-20240503_pre.xml (EX-101.PRE) — 16KB
- d830658d8k_htm.xml (XML) — 13KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release dated May 3, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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. U.S. BANCORP By: /s/ James L. Chosy James L. Chosy Senior Executive Vice President and General Counsel Date: May 3, 2024 3