Profitelligence Profitelligence · Filing Ledger Open USB research →

Form 8-K · Current Report · Filed 2025-01-31

U.S. Bancorp Announces Key Executive Departures

U.S. Bancorp has announced that Shailesh M. Kotwal, Vice Chair of Payment Services, will retire on February 3, 2025, and will remain in an advisory role until June 30, 2025. Additionally, Scott W. Wine has decided not to stand for re-election to the Company's Board of Directors following his current term, due to personal reasons.

Filer
U.S. Bancorp USB · NYSE
Filed
Accession
0001193125-25-018421
CIK
0000036104
Signal
High impactFinancial Services

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Key Executive Departure Board Member Departure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$48.00

Next session

-2.4%

Since filing

+31.3%

Latest close

$63.01

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from USB reporting the same item, with the next session's move:

About U.S. Bancorp

U.S. Bancorp provides a wide array of financial services through its primary subsidiary, U.S. Bank, which is one of the largest banks in the United States. It offers services such as commercial banking, consumer banking, wealth management and investment services, and payment services, catering to individuals, businesses, governmental entities, and other financial institutions. The company is renowned for its comprehensive suite of financial products, which includes credit cards, mortgage and loan products, as well as personal and corporate checking and savings accounts. Serving a diverse clientele across various sectors, U.S. Bancorp plays a significant role in the financial market by facilitating capital flow and offering critical financial support. Based in Minneapolis, the bank's extensive network and technological integration enable it to deliver efficient banking solutions across the nation, reflecting its commitment to customer service and operational excellence.

Exchange NYSE Industry Banks - Regional Company website ↗

Never miss another USB filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts