Company: USB-PA
Filing Date: 2025-01-31
Form Type: 8-K
Source: 0001193125-25-018421
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Company: US BANCORP \DE\
Filing Date: 2025-01-31
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

In accordance with his previously announced intention to retire from U. S. Bancorp (the “ Company”), which was disclosed on a Current Report on Form 8-Kfiled on August 21, 2024, Shailesh M. Kotwal will cease to serve as the Company’s Vice Chair, Payment Services, effective February 3, 2025. Mr. Kotwal will remain employed by the Company and serve in an advisory role supporting the leadership transition of the Payments business through June 30, 2025.

On January 28, 2025, Scott W. Wine notified the Board that he does not intend to stand for re-electionto the Company’s Board of Directors following expiration of his current term at the Company’s 2025 Annual Meeting of Shareholders. Mr. Wine’s decision not to stand for re-electionwas for personal reasons following his dedicated service on the Board for ten years and not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.