SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 1, 2018
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of incorporation)||(Commission file number)||(IRS Employer Identification No.)|
800 Nicollet Mall
Minneapolis, Minnesota 55402
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In accordance with his previously announced intention, which was disclosed on a Current Report on Form 8-K filed on May 4, 2018, P.W. (Bill) Parker will resign from his position as Vice Chairman and Chief Risk Officer of U.S. Bancorp (the Company), on October 21, 2018.
At its meeting held on October 15, 2018, the Compensation and Human Resources Committee of the Companys Board of Directors approved the following compensation arrangements in connection with Mr. Parkers upcoming retirement: Mr. Parker will be eligible to receive an annual cash incentive award pro-rated for the portion of 2018 he served, payable in February 2019; and the performance-based restricted stock units Mr. Parker was granted in February 2018 will continue to vest in full, subject to the Companys performance over the awards three-year performance period.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|By:||/s/ James L. Chosy|
|James L. Chosy|
|Executive Vice President and General Counsel|
Date: October 16, 2018