8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Oct 22, 2008)

Filed October 22, 2008For Securities:BKBK-PKBNYBNY-PK

Summary

This 8-K filing from The Bank of New York Mellon Corporation (BK), filed on October 22, 2008, primarily serves to report on the company's third-quarter 2008 results of operations and financial condition. The key event disclosed is the company's conference call and webcast held on October 16, 2008, to discuss these results. In conjunction with this call, BK made available a Quarterly Earnings Summary and Financial Trends document on its website, which are furnished as exhibits to this report. While the 8-K itself does not contain detailed financial figures, it directs investors to these supplementary documents (Exhibits 99.1 and 99.2) for in-depth information on the company's performance during the third quarter of 2008. Management believes these materials, which may include non-GAAP financial measures, are useful for investors to analyze ongoing operations, facilitate period-over-period comparisons, and understand the impact of both taxable and tax-exempt revenues.

Key Highlights

  • 1The Bank of New York Mellon Corporation (BK) reported its third-quarter 2008 results via a conference call and webcast on October 16, 2008.
  • 2Detailed financial information for Q3 2008 is provided through a 'Quarterly Earnings Summary' (Exhibit 99.1) and 'Financial Trends' (Exhibit 99.2).
  • 3These supplementary documents were made available on BK's website on October 16, 2008.
  • 4The presented information, including potential non-GAAP measures, is intended to aid investor analysis of ongoing operations and financial trends.
  • 5Management believes these disclosures facilitate comparisons with prior periods and provide clarity on revenue sources (taxable and tax-exempt).
  • 6The exhibits are 'furnished' to the SEC, not 'filed,' meaning they are not subject to the same liability provisions as a filed document.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report that The Bank of New York Mellon Corporation conducted a conference call and webcast on October 16, 2008, to discuss its third-quarter 2008 results of operations and financial condition. It also serves to make available the supplementary materials presented during that call.

The detailed financial results and trends for the third quarter of 2008 can be found in Exhibits 99.1 (Quarterly Earnings Summary) and 99.2 (3Q 2008 Financial Trends) of this 8-K filing. These documents were furnished by the company and are available on its website.

The filing notes that the exhibits may contain 'non-GAAP financial measures.' Management believes these measures are useful for investors to analyze financial results and trends, facilitate comparisons, and evaluate the impact of different revenue sources.

When documents are 'furnished' (as opposed to 'filed') with the SEC on an 8-K, they are generally not subject to the same level of liability under Section 18 of the Securities Exchange Act of 1934. This means the company assumes less legal risk for the content of furnished materials compared to filed ones.