The PNC Financial Services Group Inc.
02/03/2025 | Press release | Distributed by Public on 02/03/2025 15:03
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of Director
On January 31, 2025, the Board of Directors (the "Board") of The PNC Financial Services Group, Inc. ("PNC") increased the number of directors to 13 and appointed Douglas Dachille to serve on the Board effective February 3, 2025. Mr. Dachille was appointed to the Risk Committee and was also appointed as a director of PNC Bank, National Association.
The Board determined that Mr. Dachille is independent under the director independence standards established by the New York Stock Exchange. Mr. Dachille will receive compensation in accordance with PNC's non-employee director compensation program described under the heading "Director Compensation" in PNC's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on March 13, 2024.