U.S. BANCORP (NYSE:USB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June18, 2018, the Board of Directors of U.S. Bancorp (the “Company”) elected Elizabeth L. Buse and Yusuf I. Mehdi as directors of the Company, effective immediately. Ms.Buse will serve on the Audit and the Capital Planning Committees. Mr.Mehdi will serve on the Public Responsibility and the Risk Management Committees. They will each receive compensation in accordance with the Company’s standard compensation arrangements for non-employee directors, which are described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March6, 2018.
A copy of the press release issued by the Company on June18, 2018, announcing Ms.Buse’s and Mr.McKenney’s elections to the Board of Directors is attached hereto as Exhibit99.1 and is incorporated herein by reference.
Item 5.02Financial Statements and Exhibits.
(d)Exhibits.
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99.1 |
Press release dated June18, 2018 |
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US BANCORP DE ExhibitEX-99.1 2 d588978dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Elizabeth L. Buse and Yusuf I. Mehdi Join U.S. Bancorp Board of Directors MINNEAPOLIS,…To view the full exhibit click here
About U.S. BANCORP (NYSE:USB)
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATMs) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its lending services include traditional credit products, as well as credit card services, leasing financing and import/export trade, asset-backed lending and agricultural finance. Its depository services include checking accounts, savings accounts and time certificate contracts.
