Summary
This 10-K filing for State Street Corporation (STT) for the period ending December 31, 2003, primarily references information to be included in its 2004 Proxy Statement regarding directors, executive officers, executive compensation, and beneficial ownership. Key details on equity compensation plans are provided, including outstanding options, warrants, and rights, as well as securities available for future issuance. The filing also outlines various debt instruments and agreements, but the core financial statements and detailed operational performance are incorporated by reference to other sections of the report and future filings, making a comprehensive analysis of financial performance challenging solely from this excerpt. Investors seeking a full understanding of State Street's governance, compensation structures, and stock-related matters will need to consult the referenced Proxy Statement. The information presented here focuses on the framework of disclosure and specific details regarding equity awards and long-term debt arrangements, rather than a performance-based financial review. The inclusion of numerous exhibits and incorporated documents suggests a complex corporate structure and a history of various financing and compensation arrangements.
Key Highlights
- 1Information regarding directors, executive officers, and compensation is primarily incorporated by reference to the upcoming 2004 Proxy Statement.
- 2As of December 31, 2003, there were 29,443,000 shares available for future issuance under equity compensation plans approved by stockholders, with a weighted-average exercise price of $42.08.
- 3A total of 10,532,000 shares were available for future issuance under all equity compensation plans.
- 4The State Street Global Advisors Equity Compensation Plan has 778,000 shares subject to outstanding awards, with vesting schedules detailed.
- 5The State Street Corporation Savings-Related Stock Plan (SAYE Plan) for UK employees has been discontinued, with 123,000 shares eligible for purchase under outstanding options as of December 31, 2003.
- 6Non-employee directors receive annual awards of deferred stock and may elect to receive their retainer in shares or cash, with deferred amounts subject to dividend adjustments.
- 7The filing lists numerous exhibits related to debt agreements, equity plans, and corporate governance documents.