false 0000895421 0000895421 2024-05-23 2024-05-23 0000895421 us-gaap:CommonStockMember 2024-05-23 2024-05-23 0000895421 us-gaap:SeriesAPreferredStockMember 2024-05-23 2024-05-23 0000895421 us-gaap:SeriesEPreferredStockMember 2024-05-23 2024-05-23 0000895421 us-gaap:SeriesFPreferredStockMember 2024-05-23 2024-05-23 0000895421 MS:SeriesIPreferredStockMember 2024-05-23 2024-05-23 0000895421 MS:SeriesKPreferredStockMember 2024-05-23 2024-05-23 0000895421 MS:SeriesLPreferredStockMember 2024-05-23 2024-05-23 0000895421 MS:SeriesOPreferredStockMember 2024-05-23 2024-05-23 0000895421 MS:SeriesPPreferredStockMember 2024-05-23 2024-05-23 0000895421 MS:GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026Member 2024-05-23 2024-05-23 0000895421 MS:GlobalMediumTermNotesSeriesAFloatingRateNotesDue2029Member 2024-05-23 2024-05-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): May 23, 2024

 

Morgan Stanley

(Exact Name of Registrant as Specified in Charter)

 

Delaware 1-11758 36-3145972
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
     
1585 Broadway, New York, New York   10036
(Address of Principal Executive Offices)   (Zip Code)

 

 

Registrant’s telephone number, including area code: (212) 761-4000

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.01 par value MS New York Stock Exchange

Depositary Shares, each representing 1/1,000th interest in a share of Floating Rate

Non-Cumulative Preferred Stock, Series A, $0.01 par value

MS/PA New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, $0.01 par value MS/PE New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F, $0.01 par value MS/PF New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I, $0.01 par value MS/PI New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K, $0.01 par value MS/PK New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of 4.875% Non-Cumulative Preferred Stock, Series L, $0.01 par value MS/PL New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series O, $0.01 par value MS/PO New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of 6.500% Non-Cumulative Preferred Stock, Series P, $0.01 par value MS/PP New York Stock Exchange
Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026 of Morgan Stanley Finance LLC (and Registrant’s guarantee with respect thereto) MS/26C New York Stock Exchange
Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029 of Morgan Stanley Finance LLC (and Registrant’s guarantee with respect thereto) MS/29 New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

 

 

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

 

On May 23, 2024, Morgan Stanley (the “Company”) announced that James P. Gorman will step down as Executive Chairman and as a member of the Board of Directors of the Company, effective December 31, 2024.

 

Item 5.07.  Submission of Matters to a Vote of Security Holders.

 

At the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) of the Company held on Thursday, May 23, 2024, the shareholders of the Company in attendance (the “Shareholders”), constituting a quorum under the Amended and Restated Bylaws of the Company, voted on proposals to: (i) elect directors to the Company’s Board of Directors (the “Board”), (ii) ratify the appointment of Deloitte & Touche LLP as the Company’s independent auditor for the 2024 fiscal year, (iii) approve the compensation of the Company’s named executive officers, as disclosed in the proxy statement filed with the Securities and Exchange Commission on April 5, 2024 for the Annual Meeting (the “2024 Proxy”) (a non-binding advisory vote) and (iv) approve the Company’s Non-U.S. Nonqualified Employee Stock Purchase Plan, as disclosed in the 2024 Proxy. The Shareholders also voted on shareholder proposals requesting (x) a report on the risks of politicized de-banking, (y) a report on transparency in lobbying and (z) annual disclosure of the Company’s Clean Energy Supply Financing Ratio (as defined in the 2024 Proxy) (collectively, the “Shareholder Proposals”).

 

At the Annual Meeting, all nominees for election to the Board were elected by the Shareholders. The Shareholders also voted to ratify the appointment of Deloitte & Touche LLP as the Company’s independent auditor for the 2024 fiscal year. The proposals (i) to approve the compensation of the Company’s named executive officers as disclosed in the 2024 Proxy, through an advisory vote, and (ii) to approve the Company’s Non-U.S. Nonqualified Employee Stock Purchase Plan were also approved by the Shareholders. The Shareholder Proposals were not approved by the Shareholders.

 

The number of votes cast for or against and the number of abstentions and broker non-votes with respect to each proposal, as applicable, is set forth below. The Company’s independent inspector of election reported the final vote of the Shareholders as follows:

 

1.

Election of Directors

For Against Abstain

Broker

Non–vote

  Megan Butler  1,350,078,879 4,659,334 1,630,400  130,322,695
  Thomas H. Glocer  1,316,386,483 38,134,176 1,847,954  130,322,695
  James P. Gorman  1,337,962,753 17,200,097 1,205,763  130,322,695
  Robert H. Herz  1,321,728,938 32,779,795 1,859,880  130,322,695
  Erika H. James  1,324,062,005 30,573,481 1,733,127  130,322,695
  Hironori Kamezawa  1,344,893,729 9,809,767 1,665,117  130,322,695
  Shelley B. Leibowitz  1,345,388,211 9,163,304 1,817,098  130,322,695
  Stephen J. Luczo  1,330,562,635 23,869,767 1,936,211  130,322,695
  Jami Miscik  1,348,233,102 6,271,680 1,863,831  130,322,695
  Masato Miyachi  1,345,120,700 9,588,455 1,659,458  130,322,695
  Dennis M. Nally  1,314,168,000 40,385,912 1,814,701  130,322,695
  Edward Pick  1,347,129,543 7,809,996 1,429,074  130,322,695
  Mary L. Schapiro  1,336,763,618 17,895,072 1,709,923  130,322,695
  Perry M. Traquina  1,349,675,333 4,790,103 1,903,177  130,322,695
  Rayford Wilkins, Jr.  1,265,111,468 89,363,582 1,893,563  130,322,695
           

2.

Ratification of Appointment of Independent Auditor

 1,435,456,637  49,819,093 1,415,578 *
           

3.

 

Approval of Compensation of Executives (Non-Binding Advisory Vote)

 1,011,776,281 336,712,014 7,880,318  130,322,695
           
4. Approval of Non-U.S. Nonqualified Employee Stock Purchase Plan  1,347,742,547  6,067,203  2,558,863  130,322,695

 

 

 

 

5.

 

Shareholder Proposal Requesting a Report on the Risks of Politicized De-Banking

21,194,790 1,321,544,997 13,628,826 130,322,695
           

6.

 

Shareholder Proposal Requesting a Report on Transparency in Lobbying

416,036,591 917,300,857 23,031,165 130,322,695
           

7.

 

Shareholder Proposal Requesting Annual Disclosure of the Company’s Clean Energy Supply Financing Ratio

305,341,425   1,027,626,655 23,400,533  130,322,695 

 

 

_____________________

* Not applicable.

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    MORGAN STANLEY (Registrant)
Date: May 24, 2024   By:  /s/ Martin M. Cohen
        Name: Martin M. Cohen
        Title: Corporate Secretary

 

v3.24.1.1.u2
Cover
May 23, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date May 23, 2024
Entity File Number 1-11758
Entity Registrant Name Morgan Stanley
Entity Central Index Key 0000895421
Entity Tax Identification Number 36-3145972
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1585 Broadway
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10036
City Area Code 212
Local Phone Number 761-4000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock [Member]  
Title of 12(b) Security Common Stock, $0.01 par value
Trading Symbol MS
Security Exchange Name NYSE
Series A Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series A, $0.01 par value
Trading Symbol MS/PA
Security Exchange Name NYSE
Series E Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series E, $0.01 par value
Trading Symbol MS/PE
Security Exchange Name NYSE
Series F Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series F, $0.01 par value
Trading Symbol MS/PF
Security Exchange Name NYSE
Series I Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series I, $0.01 par value
Trading Symbol MS/PI
Security Exchange Name NYSE
Series K Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series K, $0.01 par value
Trading Symbol MS/PK
Security Exchange Name NYSE
Series L Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series L, $0.01 par value
Trading Symbol MS/PL
Security Exchange Name NYSE
Series O Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series O, $0.01 par value
Trading Symbol MS/PO
Security Exchange Name NYSE
Series P Preferred Stock [Member]  
Title of 12(b) Security Non-Cumulative Preferred Stock, Series P, $0.01 par value
Trading Symbol MS/PP
Security Exchange Name NYSE
Global Medium Term Notes Series A Fixed Rate Step Up Senior Notes Due 2026 [Member]  
Title of 12(b) Security Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Trading Symbol MS/26C
Security Exchange Name NYSE
Global Medium Term Notes Series A Floating Rate Notes Due 2029 [Member]  
Title of 12(b) Security Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Trading Symbol MS/29
Security Exchange Name NYSE

Morgan Stanley (NYSE:MS)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Morgan Stanley Charts.
Morgan Stanley (NYSE:MS)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Morgan Stanley Charts.