secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001193125-23-098542
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Bancorp announces CFO succession: Stern to replace Dolan as CFO effective Sept 1, 2023
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- Terry Dolan (CFO since 2016) will become Vice Chair & CAO effective Sept 1, 2023, succeeding retiring Kate Quinn.
- John Stern promoted to SEVP Head of Finance in May 2023, expected to become CFO on Sept 1, 2023.
- Kate Quinn (Vice Chair & CAO) and Jim Kelligrew (Vice Chair, Corporate & Commercial Banking) retiring June 30, 2023.
- Gunjan Kedia expands role to oversee combined Wealth Management & Investment Services and Corporate & Commercial Banking.
- Reba Dominski and Stephen Philipson join managing committee as SEVPs, reporting to Dolan and Kedia respectively.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312523098542/0001193125-23-098542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312523098542/d479904d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-098542

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