Business Context and Reporting Period
This Form 8-K Current Report was filed by The Bank of New York Mellon Corporation on August 14, 2012. The filing serves as a Regulation FD disclosure regarding a correction to a previously announced dividend declaration for the Series A Noncumulative Perpetual Preferred Stock.
Key Financial Metrics
The filing does not provide comprehensive financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only specific financial data disclosed relates to a dividend adjustment:
- Dividend Amount: $1,022.22 per share (corrected from a previously stated $1,000 per share).
- Dividend Period: June 20, 2012 through September 19, 2012.
- Payment Date: September 20, 2012.
- Security: Series A Noncumulative Perpetual Preferred Stock (liquidation preference of $100,000 per share).
Material Changes Versus Prior Period
The material change disclosed is a revision to the dividend rate announced on July 18, 2012. The Registrant corrected the dividend amount from $1,000 per share to $1,022.22 per share for the specified dividend period. All outstanding shares of this preferred stock are owned by Mellon Capital IV, which will pass the dividend through to holders of its Normal Preferred Capital Securities.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific correction of the dividend figure. No unusual items were reported other than the administrative correction of the prior announcement.
Investor Verification Checklist
- Verify the corrected dividend amount of $1,022.22 per share for the Series A Preferred Stock.
- Confirm the record date for Mellon Capital IV's Normal Preferred Capital Securities is September 5, 2012.
- Ensure the payment date of September 20, 2012, is reflected in financial calendars.
- Note that this filing supersedes the July 18, 2012, earnings release regarding the dividend amount.