Attached files
| file | filename |
|---|---|
| EX-99.1 - NEWS RELEASE DATED NOVEMBER 17, 2015 - WELLS FARGO & COMPANY/MN | d30246dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 17, 2015
WELLS FARGO & COMPANY
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 001-02979 | No. 41-0449260 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
420 Montgomery Street, San Francisco, California 94104
(Address of Principal Executive Offices) (Zip Code)
1-866-249-3302
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 17, 2015, the Board of Directors of Wells Fargo & Company (the “Company”) elected Timothy J. Sloan, age 55, as President and Chief Operating Officer of the Company, effective immediately. Mr. Sloan has served as a Senior Executive Vice President of the Company since September 2010, including as Chief Administrative Officer from September 2010 to February 2011, Chief Financial Officer from February 2011 to May 2014, and head of the Wholesale Banking group from May 2014.
John G. Stumpf will continue to serve as Chairman and Chief Executive Officer of the Company. Under Company policy, senior executives of the Company, including Mr. Stumpf, must retire no later than December 31 of the year in which they reach age 65 unless the Human Resources Committee of the Company’s Board of Directors determines that due to special or unique business circumstances it is in the best interests of the Company and its stockholders that they continue to work. Mr. Stumpf will turn 65 in 2018.
Since the beginning of 2014, Mr. Sloan and certain of his immediate family members had loans, other extensions of credit and/or banking or financial services transactions in the ordinary course of business with the Company’s banking and other subsidiaries. All of these lending and financial services transactions were on substantially the same terms, including interest rates, collateral, and repayment (as applicable), as those available at the time for comparable transactions with persons not related to the Company, and did not involve more than the normal risk of collectability or present other unfavorable features.
The Company’s news release announcing Mr. Sloan’s election as President and Chief Operating Officer of the Company is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 5.02.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | News Release dated November 17, 2015 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: November 17, 2015 | WELLS FARGO & COMPANY | |||||
| By: | /s/ Anthony R. Augliera | |||||
| Anthony R. Augliera | ||||||
| Senior Vice President and Secretary | ||||||
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EXHIBIT INDEX
| Exhibit No. | Description | Location | ||||
| 99.1 | News Release dated November 17, 2015 | Filed herewith | ||||
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