JPMorgan Chase & Co. Announces Board and Executive Changes
Ticker: VYLD · Form: 8-K · Filed: Jan 23, 2025 · CIK: 19617
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: JPM
TL;DR
JPM board shakeup and exec comp changes filed today.
AI Summary
JPMorgan Chase & Co. announced on January 21, 2025, changes related to its board of directors and executive compensation. Specifically, the filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, not significant financial events.
Key Players & Entities
- JPMORGAN CHASE & CO (company) — Filer
- 20250121 (date) — Report Date
- 2122706000 (phone_number) — Business Phone
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates the departure of certain officers but does not specify the exact roles in this summary.
Who are the newly elected directors?
The filing mentions the election of directors but does not name them in this summary.
What are the key changes in the compensatory arrangements for certain officers?
The filing notes updates to compensatory arrangements but does not detail the specifics of these changes.
What is the effective date of these changes?
The changes are effective as of January 21, 2025.
Is this filing related to any financial performance announcements?
No, this filing pertains to director and officer changes and executive compensation, not financial performance.
Filing Stats: 1,677 words · 7 min read · ~6 pages · Grade level 11.3 · Accepted 2025-01-23 16:15:44
Key Financial Figures
- $39,000,000 — Mr. James Dimon, CEO, in the amount of $39,000,000, compared to last year's annual compens
- $36,000,000 — d to last year's annual compensation of $36,000,000. The annual compensation for 2024 refle
- $1,500,000 — ation includes an annual base salary of $1,500,000 and performance-based variable incentiv
- $37,500,000 — ased variable incentive compensation of $37,500,000. $5,000,000 of the variable incentive c
- $5,000,000 — incentive compensation of $37,500,000. $5,000,000 of the variable incentive compensation
- $32,500,000 — be delivered in cash and the remaining $32,500,000 will be delivered in the form of at-ris
- $180.6 billion — nue for the seventh consecutive year of $180.6 billion 1 and record net income of $58.5 billio
- $58.5 b — 80.6 billion 1 and record net income of $58.5 billion, or $19.75 per share, with ROTCE
- $19.75 — record net income of $58.5 billion, or $19.75 per share, with ROTCE of 22% representi
- $1.05 — ased its quarterly common dividend from $1.05 to $1.25 per share. The Firm ended 20
- $1.25 — quarterly common dividend from $1.05 to $1.25 per share. The Firm ended 2024 with a
- $275.5 billion — ET1") ratio of 15.7%, CET1 capital 3 of $275.5 billion and $1.4 trillion of cash and marketabl
- $1.4 — %, CET1 capital 3 of $275.5 billion and $1.4 trillion of cash and marketable securit
- $2.8 — ing 2024, the Firm raised approximately $2.8 trillion of credit and capital 5 for it
Filing Documents
- jpm-20250121.htm (8-K) — 53KB
- 0000019617-25-000056.txt ( ) — 284KB
- jpm-20250121.xsd (EX-101.SCH) — 5KB
- jpm-20250121_def.xml (EX-101.DEF) — 20KB
- jpm-20250121_lab.xml (EX-101.LAB) — 43KB
- jpm-20250121_pre.xml (EX-101.PRE) — 21KB
- jpm-20250121_htm.xml (XML) — 10KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibit Exhibit No. Description of Exhibit 101 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). 4 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. JPMorgan Chase & Co. (Registrant) By: /s/ John H. Tribolati John H. Tribolati Corporate Secretary Dated: January 23, 2025 5