US Bancorp Board Changes and Officer Compensation
Ticker: USB-PQ · Form: 8-K · Filed: Aug 21, 2024 · CIK: 36104
Sentiment: neutral
Topics: board-changes, executive-compensation, director-election
Related Tickers: USB
TL;DR
US Bancorp board shakeup: Walsh out, Chaney & Daberko in. Officer pay details also filed.
AI Summary
On August 19, 2024, US Bancorp \DE\ announced the departure of director John R. Walsh. The company also elected two new directors, Sarah M. Chaney and David M. Daberko, to its board. Additionally, the filing details compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while details on officer compensation are crucial for understanding executive incentives and potential future costs.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and compensation disclosures, with no immediate financial distress indicated.
Key Players & Entities
- US Bancorp \DE\ (company) — Filer of the 8-K
- John R. Walsh (person) — Departing Director
- Sarah M. Chaney (person) — Newly Elected Director
- David M. Daberko (person) — Newly Elected Director
- August 19, 2024 (date) — Effective date of director departure and election
FAQ
Who has departed from the US Bancorp board of directors?
John R. Walsh has departed from the US Bancorp board of directors as of August 19, 2024.
Who has been elected as new directors to the US Bancorp board?
Sarah M. Chaney and David M. Daberko have been elected as new directors to the US Bancorp board.
What other information is disclosed in this 8-K filing?
The filing also includes information regarding compensatory arrangements of certain officers.
What is the filing date for this 8-K?
This 8-K filing was made on August 21, 2024.
What is the primary business of US Bancorp \DE\?
US Bancorp \DE\ is in the business of National Commercial Banks, with SIC code 6021.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-08-21 14:16:03
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
Filing Documents
- d885039d8k.htm (8-K) — 33KB
- d885039dex991.htm (EX-99.1) — 5KB
- g885039g05w46.jpg (GRAPHIC) — 9KB
- 0001193125-24-204316.txt ( ) — 247KB
- usb-20240819.xsd (EX-101.SCH) — 4KB
- usb-20240819_def.xml (EX-101.DEF) — 15KB
- usb-20240819_lab.xml (EX-101.LAB) — 27KB
- usb-20240819_pre.xml (EX-101.PRE) — 16KB
- d885039d8k_htm.xml (XML) — 14KB
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: August 21, 2024 3