AI English summary of an SEC filing — figures as filed

The company said Chairman Mark G. Parker notified it on October 18, 2024 of his decision to resign from the Board, effective January 2, 2025. The Board named James P. Gorman as Chairman effective the same date.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Oct 21, 2024Period of report Oct 18, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said Chairman Mark G. Parker notified it on October 18, 2024 of his decision to resign from the Board, effective January 2, 2025. The Board named James P. Gorman as Chairman effective the same date.
The company said it expects to announce its next CEO in early 2026. Gorman explained that this timing would allow ample time for a transition before Bob Iger's contract ends in December 2026.
The company said the Succession Planning Committee is chaired by Gorman and includes directors Mary T. Barra and Calvin R. McDonald, as well as Parker until his departure. It said the Committee met six times in fiscal 2024 and is continuing to review internal and external candidates.
The company said Gorman will step down as Executive Chairman of Morgan Stanley on December 31, 2024, and that he served as Morgan Stanley's CEO from 2010 to 2023. The company said Gorman has served as a director of the company since 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Parker Resigns from Disney Board; Gorman Named Chairman

The company said Chairman Mark G. Parker notified it on October 18, 2024 of his decision to resign from the Board, effective January 2, 2025. The Board named James P. Gorman as Chairman effective the same date.

Source · Based on the filing body and exhibits

Next CEO Announcement Timing and Iger Contract Expiration

The company said it expects to announce its next CEO in early 2026. Gorman explained that this timing would allow ample time for a transition before Bob Iger's contract ends in December 2026.

Source · Based on the filing body and exhibits

Succession Planning Committee Composition and Activities

The company said the Succession Planning Committee is chaired by Gorman and includes directors Mary T. Barra and Calvin R. McDonald, as well as Parker until his departure. It said the Committee met six times in fiscal 2024 and is continuing to review internal and external candidates.

Source · Based on the filing body and exhibits

Gorman's Morgan Stanley Departure and Career

The company said Gorman will step down as Executive Chairman of Morgan Stanley on December 31, 2024, and that he served as Morgan Stanley's CEO from 2010 to 2023. The company said Gorman has served as a director of the company since 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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