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): November 8, 2024
______________________
State Street Corporation
(Exact name of Registrant as Specified in its Charter)
____________________
| | | | | | | | | | | | | | |
| Massachusetts | | 001-07511 | | 04-2456637 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | | |
| | | | | | | | | | | | |
| One Congress Street | | |
| Boston | Massachusetts | 02114 | | |
| (Address of principal executive offices, and Zip Code) | | |
| | | | | | | | |
| Registrant’s telephone number, including area code: | (617) | 786-3000 |
________________
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 each exchange on which registered |
| Common stock, $1 par value per share | | STT | | New York Stock Exchange |
| | | | |
| Depositary Shares, each representing a 1/4,000th ownership interest in a share of | | STT.PRG | | New York Stock Exchange |
| Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G, without par value per share | | |
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; Compensation Arrangements of Certain Officers.
On November 8, 2024, State Street Corporation’s Board of Directors elected Patricia Halliday as a director of the corporation. There are no arrangements or understandings between Ms. Halliday and any other persons pursuant to which Ms. Halliday was elected as a director of the corporation. Ms. Halliday will be entitled to a pro rata share of the 2024-2025 $100,000 annual retainer and $195,000 stock retainer and to other director compensation arrangements under terms consistent with those previously disclosed in State Street’s definitive proxy statement for its 2024 annual meeting of shareholders and in Exhibit 10.9 to State Street’s annual report on Form 10-K for the fiscal year ended December 31, 2023. The pro-rated stock award will be based on the closing price of State Street’s common stock on the New York Stock Exchange on the date of election. Ms. Halliday will be entitled to enter into an indemnification agreement with State Street consistent with the forms of indemnification agreement entered into by State Street’s other non-employee directors and previously disclosed in Exhibit 10.11A to State Street’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
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.
| | | | | | | | | | | | | | | | | |
| | | | | STATE STREET CORPORATION |
| | | | | |
| | | By: | | /s/ Mark Shelton |
| | | Name: | | Mark Shelton |
| | | Title: | | Executive Vice President and General Counsel |
| Date: | November 13, 2024 | | | | |
