secwatch.observer — SEC 8-K summary
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Issuer:     Bank of New York Mellon Corp (BK)
CIK:        0001390777
Form:       8-K
Filed at:   2022-07-06T23:59:59+00:00
Accession:  0001193125-22-188260
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNY Mellon appoints Dermot McDonogh as CFO effective Feb 1, 2023; Portney to lead new business unit
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- Dermot McDonogh appointed CFO, effective Feb 1, 2023; joins BNY Mellon on Nov 1, 2022 from Goldman Sachs.
- McDonogh receives $600K base salary, minimum 2022 incentive award of $5M (30% cash, 30% RSUs, 40% PSUs).
- Buyout awards up to $16.5M in cash and RSUs; RSUs vest over six years starting Feb 2024.
- CFO Emily Portney will transition to lead Treasury Services, Credit Services, and Clearance & Collateral Management from Feb 1, 2023.
- McDonogh brings 25+ years at Goldman Sachs, most recently as COO for EMEA and CEO of Goldman Sachs International Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1390777/000119312522188260/0001193125-22-188260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1390777/000119312522188260/d562162d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-188260

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