Summary
This 8-K filing from Bank of New York Mellon Corp (BK), filed on February 7, 2022, announces the upcoming departure of two long-serving directors, Edmund F. Kelly and Samuel C. Scott III, who will not seek re-election at the company's 2022 Annual Meeting of Stockholders. Both directors will continue to serve on their respective board committees until their terms expire. Importantly, the filing explicitly states that their decisions are not due to any disagreements with the company regarding its operations, policies, or practices.
Key Highlights
- 1Edmund F. Kelly and Samuel C. Scott III will not stand for re-election as directors at the 2022 Annual Meeting.
- 2Both directors will continue to serve their full terms, which expire at the 2022 Annual Meeting.
- 3Mr. Kelly will remain on the Risk Committee and Human Resources and Compensation (HRC) Committee.
- 4Mr. Scott will remain on the Audit Committee, Corporate Governance, Nominating and Social Responsibility Committee, and HRC Committee.
- 5The departures are not a result of any disagreements with the Company on matters relating to operations, policies, or practices.
Frequently Asked Questions
Messrs. Kelly and Scott have decided not to stand for re-election at the end of their current terms, which expire at the 2022 Annual Meeting of Stockholders. The filing states this decision was not due to any disagreements with the Company.
No, both Mr. Kelly and Mr. Scott will continue to serve as directors and on their respective board committees until their terms expire at the 2022 Annual Meeting of Stockholders.
The filing explicitly states that the decision of Messrs. Kelly and Scott not to seek re-election was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. Therefore, this is presented as a planned transition rather than a response to any specific issues.