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Northern Trust logoNorthern Trust NTRS

Northern Trust said the board elected Chandra Dhandapani as a director of Northern Trust on May 29, 2024, and that she was also elected on the same day as a director of The Northern Trust Company, the company's principal subsidiary.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Northern Trust said the board elected Chandra Dhandapani as a director of Northern Trust on May 29, 2024, and that she was also elected on the same day as a director of The Northern Trust Company, the company's principal subsidiary.

  2. The company said the board has not yet decided which committees Dhandapani will join. It added that she will participate in the Non-Employee Director Compensation Plan and is eligible to participate in the Deferred Compensation Plan for Non-Employee Directors, 2018 edition.

  3. The company said Dhandapani will be granted equity awards as part of her compensation for service through the 2025 Annual Meeting of Stockholders. It said the awards will be consistent with those granted annually to non-employee directors, prorated to reflect the effective date of her appointment.

  4. The company said in its press release that Dhandapani is currently a senior advisor at CBRE Group, Inc. and previously served as Chief Executive Officer of CBRE's Global Workplace Solutions business segment. It said she spent 17 years at Capital One Financial before that.

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.

Chandra Dhandapani Elected to Board

Northern Trust said the board elected Chandra Dhandapani as a director of Northern Trust on May 29, 2024, and that she was also elected on the same day as a director of The Northern Trust Company, the company's principal subsidiary.

Source · Based on the filing body and exhibits

Committee assignments not yet determined; compensation structure

The company said the board has not yet decided which committees Dhandapani will join. It added that she will participate in the Non-Employee Director Compensation Plan and is eligible to participate in the Deferred Compensation Plan for Non-Employee Directors, 2018 edition.

Source · Based on the filing body and exhibits

Conditions of Equity Award Grant

The company said Dhandapani will be granted equity awards as part of her compensation for service through the 2025 Annual Meeting of Stockholders. It said the awards will be consistent with those granted annually to non-employee directors, prorated to reflect the effective date of her appointment.

Source · Based on the filing body and exhibits

Dhandapani's Career and Education

The company said in its press release that Dhandapani is currently a senior advisor at CBRE Group, Inc. and previously served as Chief Executive Officer of CBRE's Global Workplace Solutions business segment. It said she spent 17 years at Capital One Financial before that.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.