PNC Bank 2011 Annual Report Download - page 34

Robert Q. Reilly has served as the head of PNC’s Asset
Management Group since 2005. Previously, he held numerous
management roles in both Corporate Banking and Asset
Management. He was appointed Executive Vice President in
February 2009.
Gregory H. Kozich joined PNC as Senior Vice President of
PNC Bank, N.A. in October 2010. He has served as Senior
Vice President of PNC since February 2011 and Corporate
Controller for PNC since March 2011. Prior to joining PNC,
he was with Fannie Mae as its corporate controller and
PricewaterhouseCoopers LLP as a partner in its National
Banking Group.
DIRECTORS OF THE REGISTRANT
The name, age and principal occupation of each of our
directors as of February 17, 2012, and the year he or she first
became a director is set forth below:
• Richard O. Berndt, 69, Managing Partner of
Gallagher, Evelius & Jones LLP (law firm) (2007)
• Charles E. Bunch, 62, Chairman and Chief Executive
Officer of PPG Industries, Inc. (coatings, sealants
and glass products) (2007)
• Paul W. Chellgren, 69, Operating Partner, Snow
Phipps Group, LLC (private equity) (1995)
• Kay Coles James, 62, President and Founder of The
Gloucester Institute (non-profit) (2006)
• Richard B. Kelson, 65, President and Chief Executive
Officer, ServCo, LLC (strategic sourcing, supply
chain management) (2002)
• Bruce C. Lindsay, 70, Chairman and Managing
Member of 2117 Associates, LLC (business
consulting firm) (1995)
• Anthony A. Massaro, 67, Retired Chairman and
Chief Executive Officer of Lincoln Electric
Holdings, Inc. (manufacturer of welding and cutting
products) (2002)
• Jane G. Pepper, 66, Retired President of the
Pennsylvania Horticultural Society (non-profit)
(1997)
• James E. Rohr, 63, Chairman and Chief Executive
Officer of PNC (1990)
• Donald J. Shepard, 65, Retired Chairman of the
Executive Board and Chief Executive Officer of
AEGON N.V. (insurance) (2007)
• Lorene K. Steffes, 66, Independent Business Advisor
(technology and technical services) (2000)
• Dennis F. Strigl, 65, Retired President and Chief
Operating Officer of Verizon Communications Inc.
(telecommunications) (2001)
• Thomas J. Usher, 69, Non-executive Chairman of
Marathon Petroleum Corporation (oil and gas
industry) (1992)
• George H. Walls, Jr., 69, former Chief Deputy
Auditor for the State of North Carolina (2006)
• Helge H. Wehmeier, 69, Retired Vice Chairman 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) (1) 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 17, 2012, there were 77,045 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. The amount of any future dividends
will depend on economic and market conditions, our financial
condition and operating results, 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
and regulatory capital limitations). Our ability to increase our
dividend is currently subject to the results of the Federal
Reserve’s 2012 Comprehensive Capital Analysis and Review
(CCAR) as part of its supervisory assessment of capital
adequacy described under “Supervision and Regulation” in
Item 1 of this Report.
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, “Funding and Capital Sources” in the
Consolidated Balance Sheet Review section, “Liquidity Risk
Management” in the Risk Management section, and “Trust
Preferred Securities” in the Off-Balance Sheet Arrangements
and VIEs section of Item 7 of this Report, and Note 13 Capital
Securities of Subsidiary Trusts and Perpetual Trust Securities
and Note 21 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.
The PNC Financial Services Group, Inc. – Form 10-K 25