secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000093751-25-000222
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street appoints John F. Woods as CFO with $750K base, $15M buyout
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- John F. Woods appointed CFO effective no later than Aug 25, 2025; interim CFO Mark R. Keating steps down.
- Annual base salary $750,000; target 2025 incentive compensation award of $6,750,000.
- One-time transition payment of $1,000,000 and buyout awards totaling $15,000,000 ($3M cash, $8.5M DSA, $3.5M PRSU).
- Mr. Woods previously served as CFO of Citizens Financial Group since 2017 and Vice Chair since 2019.
- Employment includes non-compete/non-solicitation covenants; start date Aug 18, 2025; at-will status.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375125000222/0000093751-25-000222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375125000222/stt-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000093751-25-000222

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer