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BK > SEC Filings for BK > Form 8-K on 2-May-2014All Recent SEC Filings

Show all filings for BANK OF NEW YORK MELLON CORP

Form 8-K for BANK OF NEW YORK MELLON CORP


2-May-2014

Other Events, Financial Statements and Exhibits


ITEM 8.01. OTHER EVENTS.

On April 22, 2014, The Bank of New York Mellon Corporation (the "Registrant" or "BNY Mellon") issued an earnings release

announcing its financial results for the first quarter of 2014 (the "Earnings Release"). The Registrant previously furnished the Earnings Release as Exhibit 99.1 to a Current Report on Form 8-K, dated April 22, 2014, pursuant to General Instruction B.2 of Form 8-K. A version of the Earnings Release is filed as Exhibit 99.1 to this report and is incorporated herein by reference. However, the references in the Earnings Release to the Registrant's website, http://www.bnymellon.com/, shall not be deemed to include the contents of the website in the Earnings Release or in this Form 8-K. The information included herein is to be considered "filed" under the Securities Exchange Act of 1934 and is incorporated by reference into all filings made by the Registrant under the Securities Act of 1933 and the Securities Exchange Act of 1934 that state that this Current Report on Form 8-K is incorporated therein by reference.

On March 31, 2014, BNY International Financing Corp., a subsidiary of BNY Mellon, agreed to sell our equity investment in Wing Hang Bank Limited ("Wing Hang"), which is located in Hong Kong, to Oversea-Chinese Banking Corporation Limited. Our equity investment in Wing Hang had a fair value of $1 billion (book value of $544 million) based on its share price at March 31, 2014. Equity income related to our investment in Wing Hang totaled $95 million in 2013, including $37 million from the sale of a property. The sale is expected to close in the third quarter of 2014.

The information presented in this Current Report on Form 8-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the anticipated closing of the Wing Hang transaction. These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon's control). Factors that could cause BNY Mellon's results to differ materially can be found in the risk factors set forth in BNY Mellon's Annual Report on Form 10-K for the year ended December 31, 2013 and its other filings with the Securities and Exchange Commission. All statements in this Current Report on Form 8-K speak only as of May 2, 2014 and BNY Mellon undertakes no obligation to update the information to reflect events or circumstances that arise after that date or reflect the occurrence of unanticipated events, except as required by federal securities laws.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) EXHIBITS.



Exhibit
Number       Description

99.1         The Bank of New York Mellon Corporation Earnings Release dated April
             22, 2014, announcing financial results for the first quarter of 2014.


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