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AI brief of an SEC Form 8-K · State Street (STT)

State Street names John F. Woods as chief financial officer, effective by August 25, 2025

Neutral Impact 4 of 5 leadership Written later

State Street announced it will appoint John F. Woods, currently CFO of Citizens Financial Group, as its chief financial officer, effective no later than August 25, 2025, replacing interim CFO Mark R. Keating, who will return to his other responsibilities. Woods' pay package includes a $750,000 annualized base salary, a $6,750,000 target 2025 incentive award, and buy-out awards tied to compensation he forfeits from Citizens.

Key points

  • John F. Woods to become CFO, effective no later than August 25, 2025
  • Mark R. Keating ceases interim CFO role when Woods starts
  • Letter agreement dated April 24, 2025: $750,000 base salary, $1,000,000 transition payment, $6,750,000 target 2025 incentive award
  • Buy-out awards total $15,000,000 across cash, deferred stock and performance-based RSUs

The filing

CompanyState Street (STT)
Form8-K, current report
Filed with the SECApr 30, 2025, 7:55 AM ET
Accession number0000093751-25-000222

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.