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PNC Financial Services logoPNC Financial Services PNC

PNC said the board increased its size to 13 directors on January 31, 2025 and appointed Douglas Dachille as a director. His appointment takes effect on February 3, 2025.

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

Key points

AI summary
  1. PNC said the board increased its size to 13 directors on January 31, 2025 and appointed Douglas Dachille as a director. His appointment takes effect on February 3, 2025.

  2. The company said Mr. Dachille was assigned to the Risk Committee and was also appointed as a director of PNC Bank, National Association.

  3. PNC said its board determined that Mr. Dachille is independent under the director independence standards of the New York Stock Exchange.

  4. Mr. Dachille will receive compensation under the non-employee director compensation program described in the “Director Compensation” section of PNC’s Schedule 14A definitive proxy statement filed with the SEC on March 13, 2024, the company said.

Summary

AI-written

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

Board Expands to 13 Members, Adds Douglas Dachille

PNC said the board increased its size to 13 directors on January 31, 2025 and appointed Douglas Dachille as a director. His appointment takes effect on February 3, 2025.

Source · Based on the filing body and exhibits

Risk Committee Assignment and PNC Bank Directorship

The company said Mr. Dachille was assigned to the Risk Committee and was also appointed as a director of PNC Bank, National Association.

Source · Based on the filing body and exhibits

Board Finds Dachille Meets NYSE Independence Standards

PNC said its board determined that Mr. Dachille is independent under the director independence standards of the New York Stock Exchange.

Source · Based on the filing body and exhibits

Non-Employee Director Pay Program Applies to Dachille

Mr. Dachille will receive compensation under the non-employee director compensation program described in the “Director Compensation” section of PNC’s Schedule 14A definitive proxy statement filed with the SEC on March 13, 2024, the company said.

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.