01—Abstract
Summary
Summary of the 10-K/A filed May 14, 2010. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Bank of New York Mellon Corporation's (BK) 2009 10-K report, filed on May 14, 2010.
It primarily details information regarding the company's directors, executive officers, and corporate governance, as well as executive compensation. The document emphasizes the adoption of a Code of Conduct for all employees and a separate Directors' Code of Conduct, both available on the company's website and upon written request. Key information pertains to the leadership team, listing executive officers by name, age, and their roles, with specific details on their tenure and prior experience, particularly in relation to the 2007 merger.
The filing also incorporates by reference information from the company's proxy statement concerning executive compensation, director compensation, and the findings of the Human Resources and Compensation Committee regarding compensation policies and risks. Investors seeking a comprehensive understanding of BK's corporate structure and executive remuneration will find this filing informative, though it does not contain detailed financial statements or performance metrics, which are assumed to be in the original 10-K filing.
02—Key points
Key Highlights
- The filing is an Amendment No. 1 to the original 2009 10-K filing for Bank of New York Mellon Corporation (BK).
- It provides details on the company's directors, executive officers, and corporate governance practices.
- BNY Mellon has adopted a Code of Conduct for employees and a Directors' Code of Conduct, both accessible online and available upon request.
- A comprehensive list of executive officers is provided, including their names, ages, positions, and appointment years.
- Information regarding executive compensation is incorporated by reference from the company's 2010 Proxy Statement, including details on compensation policies and risk assessment.
- The filing lists numerous exhibits, primarily related to various executive compensation plans, agreements, and historical corporate actions like mergers and stock purchase agreements.
- The financial statements and schedules for the period ending December 30, 2009, are referenced as being included in the original 10-K filing.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed May 14, 2010Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $7.65B$13.57B | −43.6% |
| Operating Income | -$814.00M$1.43B | −156.9% |
| Interest Expense | $593.00M$2.67B | −77.7% |
| Net Income | -$1.08B$1.43B | −175.7% |
| EPS (Basic) | $-1.16$1.20 | −196.7% |
| EPS (Diluted) | $-1.16$1.20 | −196.7% |
| Shares Outstanding (Basic) | 1.18B1.14B | +3.2% |
| Shares Outstanding (Diluted) | 1.18B1.15B | +2.7% |
05—Questions
Frequently Asked Questions
What is the main purpose of this 10-K/A filing?
This filing (Amendment No. 1 to the 2009 10-K) primarily serves to provide updated or supplementary information regarding Bank of New York Mellon Corporation's directors, executive officers, corporate governance, and executive compensation. It incorporates details by reference from other company documents, such as the proxy statement.
Where can I find detailed financial information for 2009?
This specific amendment (10-K/A) does not contain the detailed financial statements for 2009. Those financial statements, including the Consolidated Income Statement, Balance Sheet, and Statement of Cash Flows, are referenced as being included in the original 10-K filing.
What are the company's codes of ethics, and how can I access them?
Bank of New York Mellon Corporation has a 'Code of Conduct' applicable to all employees, including executive officers, and a 'Directors' Code of Conduct' for its directors. Both codes are available on the company's website (www.bnymellon.com/ethics/codeofconduct.pdf and www.bnymellon.com/governance/directorscodeofconduct.pdf, respectively) and can also be obtained in print by written request to the Office of the Secretary.
Does this filing provide information on executive compensation plans?
While this filing does not detail specific compensation figures, it incorporates by reference information from the 2010 Proxy Statement, which includes discussions on executive compensation, compensation policies, and the Compensation Committee's review of potential risks associated with these policies. The extensive 'Index to Exhibits' also lists numerous agreements and plans related to executive compensation.
06—Continue