8-K
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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): April 21, 2020

u.s. bancorp

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

1-6880

 

41-0255900

(Commission

file number)

 

(IRS Employer

Identification No.)

800 Nicollet Mall

Minneapolis, Minnesota 55402

(Address of principal executive offices, including zip code)

(651) 466-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading
symbol

 

Name of each exchange
on which registered

Common Stock, $.01 par value per share

 

USB

 

New York Stock Exchange

Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00)

 

USB PrA

 

New York Stock Exchange

Depositary Shares (each representing 1/1,000th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00)

 

USB PrH

 

New York Stock Exchange

Depositary Shares (each representing 1/1,000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock, par value $1.00)

 

USB PrM

 

New York Stock Exchange

Depositary Shares (each representing 1/1,000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock, par value $1.00)

 

USB PrO

 

New York Stock Exchange

Depositary Shares (each representing 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, par value $1.00)

 

USB PrP

 

New York Stock Exchange

0.850% Medium-Term Notes, Series X (Senior), due June 7, 2024

 

USB/24B

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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.  

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

U.S. Bancorp (the “Company”) held its 2020 annual meeting of shareholders on Tuesday, April 21, 2020. Shareholders considered three proposals at the meeting, each of which is described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on March 10, 2020 (the “Proxy Statement”). The final voting results are reported below.

Proposal I: Election of thirteen directors to serve for a one-year term until the 2021 annual meeting of shareholders.

The Company’s shareholders elected each of the thirteen nominees for director, and the voting results are set forth below:

Name

 

For

   

Against

   

Abstentions

   

Broker
Non-Votes

 

Warner L. Baxter

   

1,137,731,036

     

5,450,502

     

3,237,914

     

173,979,390

 

Dorothy J. Bridges

   

1,139,560,916

     

3,956,130

     

2,902,406

     

173,979,390

 

Elizabeth L. Buse

   

1,139,195,140

     

4,288,022

     

2,936,290

     

173,979,390

 

Marc N. Casper

   

1,132,624,450

     

10,625,337

     

3,169,665

     

173,979,390

 

Andrew Cecere

   

1,079,316,097

     

59,954,155

     

7,149,200

     

173,979,390

 

Kimberly J. Harris

   

1,131,990,597

     

11,544,286

     

2,884,569

     

173,979,390

 

Roland A. Hernandez

   

1,111,569,749

     

31,365,884

     

3,483,819

     

173,979,390

 

Olivia F. Kirtley

   

1,117,162,239

     

26,333,131

     

2,924,082

     

173,979,390

 

Karen S. Lynch

   

1,139,979,611

     

3,526,733

     

2,913,108

     

173,979,390

 

Richard P. McKenney

   

1,132,262,307

     

3,533,874

     

10,623,271

     

173,979,390

 

Yusuf I. Mehdi

   

1,138,523,113

     

4,494,873

     

3,401,466

     

173,979,390

 

John P. Wiehoff

   

1,123,336,094

     

19,419,315

     

3,664,043

     

173,979,390

 

Scott W. Wine

   

1,111,317,091

     

31,611,594

     

3,490,767

     

173,979,390

 

Proposal II: Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for the 2020 fiscal year.

The Company’s shareholders ratified the selection of Ernst & Young LLP, and the voting results are set forth below:

For

 

Against

 

Abstentions

 

Broker Non-Votes

1,286,473,345

 

31,256,191

 

2,669,306

 

—  

Proposal III: Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Proxy Statement.

The Company’s shareholders gave advisory approval of the compensation of the Company’s executive officers as disclosed in the Proxy Statement, and the voting results are set forth below:

For

 

Against

 

Abstentions

 

Broker Non-Votes

1,098,224,428

 

40,818,462

 

7,376,562

 

173,979,390

2


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.

u.s. bancorp

     

By:

 

/s/ James L. Chosy

 

James L. Chosy

Senior Executive Vice President and General Counsel

Date: April 23, 2020

3

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