Summary
The Bank of New York Mellon Corporation (BK) filed an 8-K on December 2, 2016, to report an immediate change to its Board of Directors. Effective December 1, 2016, the company elected two new independent directors, Linda Z. Cook and Jennifer B. Morgan. This action expands the Board of Directors to a total of 14 members. Ms. Cook has been appointed to the Corporate Governance and Nominating and Risk Committees, while Ms. Morgan will serve on the Audit and Technology Committees. Both directors will receive standard compensation for non-management directors as outlined in the company's proxy statement. The filing also notes that a press release detailing these appointments is attached as an exhibit.
Key Highlights
- 1The Bank of New York Mellon Corporation elected two new independent directors to its Board of Directors: Linda Z. Cook and Jennifer B. Morgan.
- 2The appointments were effective immediately as of December 1, 2016.
- 3The addition of these two directors expands the total number of directors on the Board to 14.
- 4Linda Z. Cook has been assigned to the Corporate Governance and Nominating and Risk Committees.
- 5Jennifer B. Morgan has been assigned to the Audit and Technology Committees.
- 6The new directors will be compensated according to the company's established non-management director compensation program.
- 7The company attached a press release regarding these director appointments as Exhibit 99.1 to the filing.