8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Jul 23, 2008)

Filed July 23, 2008For Securities:BKBK-PKBNYBNY-PK

Summary

This Form 8-K filing by The Bank of New York Mellon Corporation (BK) on July 23, 2008, relates to the company's second quarter 2008 results of operations and financial condition. The company held a conference call and webcast on July 17, 2008, to discuss these results. Key financial information was made available on the company's website, including a Quarterly Earnings Summary and Financial Trends data. Investors should note that while the Quarterly Earnings Summary (Exhibit 99.1) is furnished and not filed, the Financial Trends information (Exhibit 99.2) is filed and incorporated by reference into BK's future SEC filings. Management believes these non-GAAP financial measures, which are detailed in the exhibits, provide a useful perspective for investors in analyzing ongoing operational performance, facilitating period-over-period comparisons, and understanding the impact of both taxable and tax-exempt revenues.

Key Highlights

  • 1BK announced its second quarter 2008 financial results via a conference call and webcast on July 17, 2008.
  • 2The company made available a Quarterly Earnings Summary (Exhibit 99.1) and Financial Trends (Exhibit 99.2) related to its Q2 2008 performance.
  • 3Exhibit 99.1 (Quarterly Earnings Summary) is furnished to the SEC, not filed, and not incorporated into other filings.
  • 4Exhibit 99.2 (2Q 2008 Financial Trends) is filed with the SEC and will be incorporated by reference into future BK filings.
  • 5The filing notes that the presented information may include non-GAAP financial measures.
  • 6Management believes these non-GAAP measures are valuable for investors to analyze ongoing operations, compare performance across periods, and understand revenue sources.
  • 7The report was filed on July 22, 2008, with the earliest event reported being July 17, 2008.

Frequently Asked Questions

The main purpose of this 8-K filing is to report on the results of operations and financial condition for The Bank of New York Mellon Corporation for the second quarter of 2008. It also provides access to detailed financial information discussed during the company's July 17, 2008, conference call.

Exhibit 99.1 is the 'Quarterly Earnings Summary' for Q2 2008, which is 'furnished' to the SEC and not considered 'filed,' meaning it's for informational purposes and doesn't carry the same legal weight as filed documents. Exhibit 99.2 is the '2Q 2008 Financial Trends' information, which is 'filed' with the SEC and will be incorporated by reference into future BK filings, making it a more formal part of the company's public disclosures.

The Bank of New York Mellon Corporation believes that these non-GAAP financial measures, presented in Exhibits 99.1 and 99.2, are useful to investors. They are intended to provide a clearer view of ongoing operational performance, facilitate comparisons with prior periods, and better illustrate the impact of revenues from different sources (taxable and tax-exempt).

The Bank of New York Mellon Corporation announced its Q2 2008 results and held a conference call and webcast on July 17, 2008. This 8-K was filed a few days later on July 22, 2008.