Summary
This 8-K filing from The Bank of New York Mellon Corporation (BK) reports the upcoming retirement of two members from its Board of Directors: Richard J. Kogan and William C. Richardson. Mr. Kogan has voluntarily decided not to stand for re-election at the upcoming Annual Meeting of Stockholders on April 12, 2016. Mr. Richardson will also be retiring at the same meeting, having reached the age limit stipulated in the company's Corporate Governance Guidelines. These departures, while routine in nature, represent a change in the composition of the board. Investors should note that these retirements are effective at the Annual Meeting and are not immediate. The company has made this disclosure in accordance with SEC regulations regarding changes in directors and officers. No immediate impact on operational strategy or financial performance is indicated by this filing.
Key Highlights
- 1Richard J. Kogan to retire from the Board of Directors at the April 12, 2016 Annual Meeting.
- 2William C. Richardson also retiring from the Board of Directors at the April 12, 2016 Annual Meeting.
- 3Mr. Kogan is not standing for re-election.
- 4Mr. Richardson's retirement is due to reaching the age limit in the Corporation's Corporate Governance Guidelines.
- 5The retirements are effective at the upcoming Annual Meeting of Stockholders.
- 6No other officer or director changes are reported in this filing.