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STT > SEC Filings for STT > Form 8-K on 5-Sep-2013All Recent SEC Filings

Show all filings for STATE STREET CORP



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 30, 2013, State Street Corporation awarded incentive compensation with respect to 2013 to Edward J. Resch, its Executive Vice President and former Chief Financial Officer. Mr. Resch's 2013 incentive compensation comprises: (1) an equity award of 53,766 deferred shares of State Street common stock, vesting in four equal annual installments beginning on November 15, 2014, and (2) a cash award of $1,837,500, payable on or about September 30, 2013. State Street also provided Mr. Resch with a limited waiver of the noncompetition restrictions under the Executive Supplemental Retirement Plan, such that those restrictions will be applied only to the following firms (and their affiliates, affiliated funds and any successors): The Bank of New York Mellon, Citigroup, JPMorgan Chase and Northern Trust. Mr. Resch will retire from State Street on September 30, 2013. In November 2012, State Street previously announced Mr. Resch's intent to retire during 2013.

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