PNC Bank 2007 Annual Report Download - page 20

DIRECTORS OF THE REGISTRANT The name, age and
principal occupation of each of our directors as of
February 15, 2008, and the year he or she first became a
director is set forth below:
• Richard O. Berndt, 65, Managing Partner of
Gallagher, Evelius & Jones LLP (law firm), (2007),
• Charles E. Bunch, 58, Chairman and Chief Executive
Officer of PPG Industries, Inc. (coatings, sealants and
glass products), (2007),
• Paul W. Chellgren, 65, Operating Partner, SPG
Partners, LLC, (private equity), (1995),
• Robert N. Clay, 61, President and Chief Executive
Officer of Clay Holding Company (investments),
(1987),
• George A. Davidson, Jr., 69, Retired Chairman of
Dominion Resources, Inc. (public utility holding
company), (1988),
• Kay Coles James, 58, President and Founder of The
Gloucester Institute (non-profit), (2006),
• Richard B. Kelson, 61, Operating Advisor, Pegasus
Capital Advisors, L.P., (private equity), (2002),
• Bruce C. Lindsay, 66, Chairman and Managing
Member of 2117 Associates, LLC (advisory
company), (1995),
• Anthony A. Massaro, 63, Retired Chairman and
Chief Executive Officer of Lincoln Electric
Holdings, Inc. (full-line manufacturer of welding and
cutting products), (2002),
• Jane G. Pepper, 62, President of Pennsylvania
Horticultural Society (non-profit membership
organization), (1997),
• James E. Rohr, 59, Chairman and Chief Executive
Officer of PNC, (1990),
• Donald J. Shepard, 61, Chairman of the Executive
Board and Chief Executive Officer, AEGON N.V.
(insurance), (2007),
• Lorene K. Steffes, 62, Independent Business Advisor,
(2000),
• Dennis F. Strigl, 61, President and Chief Operating
Officer of Verizon Communications Inc.
(telecommunications), (2001),
• Stephen G. Thieke, 61, Retired Chairman, Risk
Management Committee of JP Morgan Incorporated
(financial and investment banking services), (2002),
• Thomas J. Usher, 65, Retired Chairman of United
States Steel Corporation (integrated steelmaker) and
Chairman of Marathon Oil Corporation (oil and gas
industry), (1992),
• George H. Walls, Jr., 65, former Chief Deputy
Auditor of the State of North Carolina, (2006),
• Helge H. Wehmeier, 65, Retired President and Chief
Executive Officer of Bayer Corporation (healthcare,
crop protection, and chemicals), (1992).
PART II
ITEM 5– MARKET FOR REGISTRANT ’ SCOMMON
EQUITY
, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
(a) Our common stock is listed on the New York Stock
Exchange and is traded under the symbol “PNC.” At the close
of business on February 15, 2008, there were 49,566 common
shareholders of record.
Holders of PNC common stock are entitled to receive
dividends when declared by the Board of Directors out of
funds legally available for this purpose. Our Board of
Directors may not pay or set apart dividends on the common
stock until dividends for all past dividend periods on any
series of outstanding preferred stock have been paid or
declared and set apart for payment. The Board presently
intends to continue the policy of paying quarterly cash
dividends. However, the amount of any future dividends will
depend on earnings, our financial condition and other factors,
including contractual restrictions and applicable government
regulations and policies (such as those relating to the ability of
bank and non-bank subsidiaries to pay dividends to the parent
company).
The Federal Reserve has the power to prohibit us from paying
dividends without its approval. For further information
concerning dividend restrictions and restrictions on loans,
dividends or advances from bank subsidiaries to the parent
company, you may review “Supervision and Regulation” in
Item 1 of this Report, “Liquidity Risk Management” in the
Risk Management section and “Perpetual Trust Securities”,
“PNC Capital Trust E Trust Preferred Securities” and
“Acquired Entity Trust Preferred Securities” in the
Off-Balance Sheet Arrangements and VIEs section of Item 7
of this Report, and Note 22 Regulatory Matters in the Notes
To Consolidated Financial Statements in Item 8 of this Report,
which we include here by reference.
We include here by reference additional information relating
to PNC common stock under the caption “Common Stock
Prices/Dividends Declared” in the Statistical Information
(Unaudited) section of Item 8 of this Report.
We include here by reference the information regarding our
compensation plans under which PNC equity securities are
authorized for issuance as of December 31, 2007 in the table
(with introductory paragraph and notes) that appears under
Item 12 of this Report.
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