---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-018421"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2025-01-31T23:59:59+00:00"
generated_at: "2026-05-27T04:58:34.695129+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp VP Kotwal to retire Feb 3; Director Wine not seeking re-election

## Summary
- Shailesh M. Kotwal ceases as Vice Chair, Payment Services effective Feb 3, 2025; remains advisor through June 30.
- Scott W. Wine will not stand for re-election at 2025 Annual Meeting for personal reasons; no disagreement with company.
- Both departures were previously announced or unrelated to any policy dispute.

## SEC filing metadata
- accession: 0001193125-25-018421
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2025-01-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312525018421/0001193125-25-018421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312525018421/d880786d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-018421
- JSON: https://secwatch.observer/filing/0001193125-25-018421.json
- Plain text: https://secwatch.observer/filing/0001193125-25-018421.txt

## Key facts
- Executive change
  Shailesh M. Kotwal departed as Vice Chair, Payment Services at US BANCORP DE.
  - Action: cease to serve
  - Role: Vice Chair, Payment Services
  source text: Shailesh M. Kotwal will cease to serve as the Company’s Vice Chair, Payment Services, effective February 3, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312525018421/0001193125-25-018421-index.htm
- Executive change
  Scott W. Wine departed as Director at US BANCORP DE.
  - Action: does not intend to stand for re-election
  - Role: Director
  source text: Scott W. Wine notified the Board that he does not intend to stand for re-election to the Company’s Board of Directors following expiration of his current term at the Company’s 2025 Annual Meeting of Shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312525018421/0001193125-25-018421-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.