Summary
The Bank of New York Mellon Corporation (BK) filed an 8-K report on October 3, 2016, to announce a change in its Board of Directors. Effective October 3, 2016, Elizabeth Robinson was elected as an independent member of the Board. Ms. Robinson's appointment brings the total number of directors to 12 and includes her service on the Finance and Risk Committees of the Board. Investors should note that this is a routine update regarding corporate governance. Ms. Robinson will receive standard compensation as a non-management director, as previously outlined in the company's proxy statement. The filing also includes a press release as an exhibit, providing further details on her election.
Key Highlights
- 1Elizabeth Robinson elected as an independent member of the Board of Directors, effective October 3, 2016.
- 2The Board of Directors now comprises 12 members following Ms. Robinson's election.
- 3Ms. Robinson will serve on the Company's Finance and Risk Committees.
- 4Ms. Robinson will receive compensation in line with the company's non-management director compensation program.
- 5The filing includes a press release as an exhibit, detailing the director appointment.