Wells Fargo & Company 8-K, filed Mar 6, 2020
Wells Fargo & Company (WFC)
8-K
2020-03-06
For: 2020-03-05
View Original
Added on
April 05, 2026
About this 8-K
Wells Fargo & Company filed this 8-K on March 6, 2020, reporting on events of March 5, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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): March 5, 2020
WELLS FARGO & COMPANY
(Exact name of registrant as specified in its charter)
No. | |||||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 1-866 -249-3302
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:
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
Depositary Shares, each representing a 1/1000th interest in a share of 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q | ||
Depositary Shares, each representing a 1/1000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b‑2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 6, 2020, Wells Fargo & Company (the “Company”) announced that Richard D. Levy, executive vice president and chief accounting officer, will retire from the Company effective as of March 31, 2020. The Company also announced that Muneera Carr, the Company’s controller, will succeed Mr. Levy as chief accounting officer effective as of March 31, 2020. The Company’s news release announcing Mr. Levy’s retirement and Ms. Carr’s appointment is attached to this report as Exhibit 99.1 and is incorporated by reference into this Item 5.02.
Ms. Carr, age 51, has served as an executive vice president and the Company’s controller since January 2020. She will continue to serve as controller following her appointment as chief accounting officer. Prior to joining the Company, Ms. Carr held the following positions at Comerica Incorporated, a financial services company: executive vice president and chief financial officer from January 2018 to October 2019; executive vice president and chief accounting officer from February 2013 to January 2018; and senior vice president and chief accounting officer from July 2010 to February 2013. Ms. Carr has also worked in the Office of the Chief Accountant at the United States Securities and Exchange Commission and for Bank of America Corporation, SunTrust Banks, Inc., and PricewaterhouseCoopers. She holds a Bachelor of Business Administration from the University of Texas and is a certified public accountant.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | Location |
Filed herewith | ||
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | Filed herewith |
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: | March 6, 2020 | WELLS FARGO & COMPANY | |
By: | /s/ ANTHONY R. AUGLIERA | ||
Anthony R. Augliera | |||
Executive Vice President, Deputy General Counsel and Secretary | |||
Exhibit 99.1 News Release | March 6, 2020 Richard Levy to Retire from Wells Fargo SAN FRANCISCO – March 6, 2020 – Wells Fargo & Company (NYSE: WFC) today announced that Richard Levy, executive vice president and chief accounting officer, has decided to retire after 18 years with the company. Levy, 62, will remain with the company through March 31. “Throughout his tenure at Wells Fargo, Rich has played a critical role in many transformational initiatives within Enterprise Finance,” said Chief Financial Officer John Shrewsberry. “We have benefited greatly from Rich’s leadership, partnership, and more than 40 years of public accounting and financial services experience, and I’m grateful for his dedication and contributions to the company throughout the years.” Muneera Carr, who joined Wells Fargo in January 2020 as executive vice president and controller and reports to Levy, will succeed Levy as chief accounting officer, reporting to Shrewsberry. Carr will continue to serve as controller, managing corporate tax, accounting and reporting, as well as supporting other activities such as financial controls and oversight policies and processes. Levy joined Wells Fargo as controller in 2002 and served in that capacity until early 2020. Before joining Wells Fargo, Levy served as senior vice president and controller for New York Life Insurance Company. Previously, he was a partner with Coopers & Lybrand where he headed the firms' national tax practice for financial institutions. Before joining Coopers & Lybrand, he was a senior vice president at Midlantic Corporation, a New Jersey-based regional bank holding company, where he was responsible for tax and accounting. He began his career at Deloitte. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo. Contact Information Media Peter Gilchrist, (704) 715-3213 Peter.gilchrist@wellsfargo.com Investor Relations
John Campbell, (415) 396-0523 john.m.campbell@wellsfargo.com ### 2 March 2020 | News Release