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| BBT > SEC Filings for BBT > Form 8-K on 28-Aug-2009 | All Recent SEC Filings |
28-Aug-2009
Change in Directors or Principal Officers, Financial Statements and Exhibits
On August 25, 2009, upon the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors of BB&T Corporation (the "Company") elected J. Littleton Glover Jr. as a director of the Company. On August 25, 2009, Mr. Glover also was appointed to the Compensation Committee and the Nominating and Corporate Governance Committee, both of which are committees of the Board of Directors. As a non-management director, Mr. Glover will receive compensation that is consistent with the compensation received by the other non-management members of the Board. These compensatory arrangements are described under the heading "Compensation of Directors" in the Company's Proxy Statement relating to its Annual Meeting of Shareholders for 2009. In addition, Mr. Glover's son-in-law, John Michael Connor Jr., currently is employed as a broker for CRC Insurance Services, Inc., an affiliate of the Company ("CRC"). Because Mr. Connor is an immediate family member of Mr. Glover, the Company has determined that Mr. Connor's employment with CRC constitutes a related person transaction, as contemplated by Item 404(a) of Regulation S-K. Mr. Connor received compensation from CRC for calendar year 2008 of approximately $400,000.
Exhibit No. Description of Exhibit
Ex 99.1 Copy of Press Release announcing the election of Mr. J. Littleton Glover Jr. as a director of BB&T Corporation.
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.
Date: August 28, 2009
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