PNC Bank 2013 Annual Report Download - page 44

DIRECTORS OF THE REGISTRANT
The name, age and principal occupation of each of our
directors as of February 22, 2014 and the year he or she first
became a director is set forth below:
• Richard O. Berndt, 71, Managing Partner of
Gallagher, Evelius & Jones LLP (law firm) (2007)
• Charles E. Bunch, 64, Chairman and Chief Executive
Officer of PPG Industries, Inc. (coatings, sealants
and glass products) (2007)
• Paul W. Chellgren, 71, Operating Partner, Snow
Phipps Group, LLC (private equity) (1995)
• William S. Demchak, 51, Chief Executive Officer
and President of PNC (2013)
• Andrew T. Feldstein, 49, Co-Founder and Chief
Executive Officer of BlueMountain Capital
Management, LLC (asset management firm) (2013)
• Kay Coles James, 64, President and Founder of The
Gloucester Institute (non-profit) (2006)
• Richard B. Kelson, 67, President and Chief Executive
Officer, ServCo LLC (strategic sourcing, supply
chain management) (2002)
• Bruce C. Lindsay, 72, Chairman and Managing
Member of 2117 Associates, LLC (business
consulting firm) (1995)
• Anthony A. Massaro, 69, Retired Chairman and
Chief Executive Officer of Lincoln Electric
Holdings, Inc. (manufacturer of welding and cutting
products) (2002)
• Jane G. Pepper, 68, Retired President of the
Pennsylvania Horticultural Society (non-profit)
(1997)
• James E. Rohr, 65, Executive Chairman of PNC
(1990)
• Donald J. Shepard, 67, Retired Chairman of the
Executive Board and Chief Executive Officer of
AEGON N.V. (insurance) (2007)
• Lorene K. Steffes, 68, Independent Business Advisor
(executive, business management and technical
expertise) (2000)
• Dennis F. Strigl, 67, Retired President and Chief
Operating Officer of Verizon Communications Inc.
(telecommunications) (2001)
• Thomas J. Usher, 71, Non-executive Chairman of
Marathon Petroleum Corporation (oil and gas
industry) (1992)
• George H. Walls, Jr., 71, former Chief Deputy
Auditor for the State of North Carolina (2006)
• Helge H. Wehmeier, 71, Retired Vice Chairman of
Bayer Corporation (international life sciences,
polymers and specialty 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 19, 2014, there were 72,415 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). The amount of our dividend
is also currently subject to the results of the Federal Reserve’s
2014 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, see “Supervision and Regulation” in Item 1 of this
Report, “Capital” in the Consolidated Balance Sheet Review
section, “Liquidity Risk Management” in the Risk
Management section, and “Trust Preferred Securities and
REIT Preferred Securities” in the Off-Balance Sheet
Arrangements And Variable Interest Entities section of Item 7
of this Report, and Note 14 Capital Securities of Subsidiary
Trusts and Perpetual Trust Securities 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, 2013 in the table
(with introductory paragraph and notes) that appears in
Item 12 of this Report.
26 The PNC Financial Services Group, Inc. – Form 10-K