Summary
This 8-K filing from Wells Fargo & Company (WFC) addresses a change in compensation for Mary T. Mack, who previously stepped down as CEO of Consumer & Small Business Banking. While she is no longer in an executive leadership role, Ms. Mack will continue to support business transition matters and community impact work through 2024. Her annual base salary rate will be adjusted to $300,000 effective January 1, 2024, reflecting her ongoing contributions in a non-executive capacity.
Key Highlights
- 1Mary T. Mack's annual base salary rate will be $300,000 effective January 1, 2024.
- 2Ms. Mack is currently in a non-executive role supporting business transition and community impact.
- 3Her non-executive role is expected to continue throughout 2024.
- 4This filing provides an update on Ms. Mack's compensation following her departure from the CEO role of Consumer & Small Business Banking.