Summary
State Street Corporation (STT) filed an 8-K on May 23, 2011, to announce that its CEO, Joseph L. Hooley, would be presenting at the Barclays Capital Americas Select Conference on May 24, 2011. The primary purpose of this filing was to furnish the presentation materials, which are incorporated by reference. These materials likely provided updates on the company's performance, strategic initiatives, and outlook. Investors should note that the information furnished under Regulation FD is not considered "filed" for legal purposes, meaning it doesn't automatically become part of the company's official SEC record unless explicitly incorporated into a subsequent filing.
Key Highlights
- 1Announcement of CEO presentation at the Barclays Capital Americas Select Conference.
- 2Presentation scheduled for May 24, 2011.
- 3Presentation materials (Exhibits 99.1 and 99.2) are furnished with the 8-K.
- 4Exhibit 99.1 contains presentation slides.
- 5Exhibit 99.2 includes reconciliations of financial results and information on capital ratios, including estimated impact of Basel III.
- 6The information furnished is subject to Regulation FD disclosure rules.
- 7Webcast replay of the presentation will be available for approximately two weeks.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly disclose and furnish the presentation materials that State Street Corporation's CEO, Joseph L. Hooley, would be using at the Barclays Capital Americas Select Conference on May 24, 2011. This is done to comply with Regulation FD, ensuring all investors have access to the same information.
The presentation slides (Exhibit 99.1) and financial reconciliations including capital ratio information (Exhibit 99.2) are attached as exhibits to this 8-K filing. A listen-only webcast of the presentation was available on State Street's investor relations website, and a recorded replay was also accessible for approximately two weeks.
No, the information furnished under Item 7.01 (Regulation FD Disclosure) and its accompanying exhibits are not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means they are not automatically incorporated into the company's registration statements or other SEC filings unless specifically referenced.
Exhibit 99.2 provides reconciliations of State Street's consolidated reported results of operations to its consolidated operating-basis results. It also describes the company's tier 1 common ratio and presents capital ratios adjusted to reflect the estimated application of Basel III capital requirements, offering insight into the company's capital adequacy under new regulatory frameworks.