8-KLeadership ChangesOther Events

STATE STREET CORP 8-K Report, Executive Changes (Apr 7, 2008)

Filed April 7, 2008For Securities:STTSTT-PG

Summary

State Street Corporation (STT) filed an 8-K on April 7, 2008, primarily announcing personnel changes related to its Board of Directors and executive appointments. Maureen J. Miskovic resigned from her position as a member of the Board of Directors concurrent with her appointment as Executive Vice President and Chief Risk Officer. This change has a direct impact on the upcoming annual meeting. As a consequence of Ms. Miskovic's resignation from the board, State Street's Board of Directors has adjusted the number of directors to be elected at the 2008 annual meeting. The board has set the total number of directors at 12 and reduced the number of directors to be elected from 13 to 12. Investors should note this change in board composition and the reduction in the number of director seats available for election, reflecting internal leadership realignments.

Key Highlights

  • 1Maureen J. Miskovic appointed Executive Vice President and Chief Risk Officer.
  • 2Maureen J. Miskovic resigned from the Board of Directors on April 7, 2008.
  • 3Ms. Miskovic will not be standing for re-election to the Board of Directors at the 2008 annual meeting.
  • 4The number of directors on State Street's Board has been set at 12.
  • 5The number of directors to be elected at the 2008 annual meeting has been reduced from 13 to 12.
  • 6This filing is a Form 8-K reporting a departure of a director and changes to board size.

Frequently Asked Questions

This 8-K filing announces changes in State Street Corporation's leadership, specifically the resignation of Maureen J. Miskovic from the Board of Directors due to her appointment as Executive Vice President and Chief Risk Officer.

Ms. Miskovic's resignation has led to a reduction in the number of directors to be elected at the upcoming 2008 annual meeting. The Board's size has been fixed at 12 directors, and the number of seats available for election has decreased from 13 to 12.

Yes, while Ms. Miskovic has resigned from the Board of Directors, she has been appointed as Executive Vice President and Chief Risk Officer, indicating she will maintain a key executive leadership role within the company.

The reduction in director seats to be elected means there are fewer opportunities for new directors to join the board at the upcoming annual meeting. This aligns with the Board's decision to set its size at 12 members.