8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Jan 23, 2013)

Filed January 23, 2013For Securities:BKBK-PKBNYBNY-PK

Summary

This 8-K filing from The Bank of New York Mellon Corporation (BK) on January 23, 2013, primarily serves to furnish investors with supplementary financial information. The report announces that on January 16, 2013, the company held a conference call and webcast to discuss its full-year 2012 and fourth-quarter 2012 results. In conjunction with this call, BK made available a "Quarterly Earnings Review" and "Financial Trends" document on its website. These documents, included as exhibits to the 8-K, provide detailed financial information and non-GAAP measures that management believes are crucial for investors to understand ongoing operational performance, facilitate period-over-period comparisons, and assess the impact of both taxable and tax-exempt revenues. Investors should refer to these furnished exhibits for in-depth financial insights.

Key Highlights

  • 1BK conducted a conference call and webcast on January 16, 2013, to review full-year 2012 and Q4 2012 financial results.
  • 2The company furnished investors with a "Quarterly Earnings Review" (Exhibit 99.1) and "Financial Trends" (Exhibit 99.2) documents.
  • 3These supplementary documents are available on BK's website.
  • 4The furnished exhibits contain non-GAAP financial measures, which management finds useful for analysis.
  • 5Management believes these non-GAAP measures aid in assessing ongoing operations, comparing financial periods, and evaluating revenue sources.
  • 6The filing clarifies that exhibits 99.1 and 99.2 are 'furnished' and not 'filed' for Section 18 purposes, meaning they are informational but not subject to the same level of formal review.
  • 7The earliest event reported is January 16, 2013.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report that The Bank of New York Mellon Corporation held an investor conference call and webcast on January 16, 2013, to discuss its 2012 full-year and fourth-quarter financial results. It also serves to furnish supporting financial documents to the SEC.

Exhibits 99.1 and 99.2 are the "Quarterly Earnings Review" and "Financial Trends" documents, respectively. These exhibits contain detailed financial information related to BK's 2012 full-year and fourth-quarter performance, including non-GAAP financial measures that management believes are important for a comprehensive understanding of the company's operational results.

No, the documents in Exhibits 99.1 and 99.2 are specifically noted as 'furnished' rather than 'filed' pursuant to General Instruction B.2. of Form 8-K. This means they are provided for informational purposes to investors but are not subject to the liabilities and requirements of Section 18 of the Securities Exchange Act of 1934, nor are they automatically incorporated into the company's other SEC filings.

BK's management believes that the non-GAAP financial measures presented in the exhibits are useful to investors because they facilitate comparisons with prior periods, better reflect the principal basis on which management monitors financial performance, and allow for a more appropriate evaluation of the impact of revenues from different sources (taxable vs. tax-exempt).