8-KLeadership ChangesExhibits & Filings

MORGAN STANLEY 8-K Report, Executive Changes (Jun 26, 2018)

Filed June 26, 2018For Securities:MSMS-PKMS-POMS-PQMS-PAMS-PFMS-PIMS-PLMS-PPMS-PEMSTLW

Summary

Morgan Stanley announced a significant addition to its Board of Directors with the appointment of Mary L. Schapiro, effective July 1, 2018. Ms. Schapiro, who has been determined to be independent, brings valuable expertise to the Board and will serve on the Operations and Technology Committee. This strategic appointment is aimed at strengthening the company's governance and oversight capabilities. Ms. Schapiro will be compensated in line with the company's standard practices for non-employee directors, as detailed in the company's proxy statement. This filing primarily concerns the composition of the Board and does not involve any material financial updates or operational changes at this time. Investors should note that the press release attached as an exhibit provides further context for this appointment.

Key Highlights

  • 1Morgan Stanley's Board of Directors has elected Mary L. Schapiro as a new director, effective July 1, 2018.
  • 2Ms. Schapiro has been deemed independent according to the company's Corporate Governance Policies.
  • 3Ms. Schapiro will join the Operations and Technology Committee.
  • 4Her compensation will be in accordance with the established non-employee director compensation practices.
  • 5The appointment is detailed in an attached press release (Exhibit 99.1).

Frequently Asked Questions

Mary L. Schapiro is a newly elected independent director to Morgan Stanley's Board. Her appointment is significant as it strengthens the Board's expertise and oversight capabilities, particularly in technology and operations through her committee assignment. Her independence ensures an objective perspective.

Ms. Schapiro's appointment to the Board of Directors is effective July 1, 2018.

Ms. Schapiro will be a member of the Operations and Technology Committee, also effective July 1, 2018.

Ms. Schapiro will receive compensation as a non-employee director, following the company's established non-employee director compensation practices. Details of this compensation can be found in Morgan Stanley's Annual Meeting Proxy Statement filed on April 6, 2018.