BlackRock Announces Board and Executive Compensation Changes

Ticker: BLK · Form: 8-K · Filed: 2025-01-15T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: BLK

TL;DR

BlackRock's board is shuffling, with a director leaving and a new one joining, plus exec pay adjustments.

AI Summary

BlackRock, Inc. announced on January 10, 2025, changes related to its board of directors and executive compensation. Specifically, the filing details the departure of a director, the election of a new director, and updates to the compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: low — This filing reports routine corporate governance changes and executive compensation adjustments, which typically carry low risk.

Key Numbers

Key Players & Entities

FAQ

Who is the departing director and who is the newly elected director?

The filing does not specify the names of the departing or newly elected directors, only that these events occurred.

What specific changes were made to the compensatory arrangements for certain officers?

The filing indicates updates to compensatory arrangements but does not detail the specific nature or terms of these changes.

What is the effective date of these board and compensation changes?

The earliest event reported is dated January 10, 2025.

Is this filing related to any executive departures or new appointments?

Yes, the filing explicitly mentions the departure of a director and the election of a new director, which are significant governance events.

Where are BlackRock's principal executive offices located?

BlackRock's principal executive offices are located at 50 Hudson Yards, New York, New York 10001.

From the Filing

0001193125-25-007063.txt : 20250115 0001193125-25-007063.hdr.sgml : 20250115 20250115163255 ACCESSION NUMBER: 0001193125-25-007063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250110 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250115 DATE AS OF CHANGE: 20250115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock, Inc. CENTRAL INDEX KEY: 0002012383 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 991116001 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-42297 FILM NUMBER: 25533302 BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: (212) 810-5800 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Funding, Inc. /DE DATE OF NAME CHANGE: 20240215 8-K 1 d897012d8k.htm 8-K 8-K DE false 0002012383 0002012383 2025-01-10 2025-01-10     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 10, 2025     BLACKROCK, INC. (Exact name of registrant as specified in its charter)       DELAWARE   001-42297   99-1116001 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 50 Hudson Yards , New York , New York   10001 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (212) 810-5800   (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of exchange on which registered Common Stock, $.01 par value   BLK   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 15, 2025, BlackRock, Inc. (the “Company”) announced that Mark Wiedman is resigning as head of the Global Client Business, effective today. Mr. Wiedman will be departing the firm to pursue other opportunities and has agreed to remain with the Company for several months to facilitate an orderly transition. SIGNATURES Pursuant to the requirements of the Securities Excha

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