State Street (STT) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 20, 2026, and will be held virtually, allowing shareholders to participate, submit questions, and vote electronically.

• Key business includes electing 13 directors, an advisory vote on executive compensation, ratification of Ernst & Young LLP as auditor, and a shareholder proposal regarding board leadership structure.

• The company reported strong 2025 financial results, with record assets under custody/administration ($53.8T), assets under management ($5.67T), and GAAP net income of $2.7B.

• Fee revenue grew 9.2% and total revenue increased 7.4% over 2024, with pre-tax margin expanding by 1.6 percentage points.

Voting matters and shareholder proposals

• Shareholders will vote on the election of 13 directors, an advisory say-on-pay proposal, ratification of the independent auditor, and a shareholder proposal to require an independent board chair at the next CEO transition.

• The board recommends voting FOR all director nominees, FOR the say-on-pay and auditor ratification, and AGAINST the shareholder proposal.

Board of directors and corporate governance

• 12 of 13 director nominees are independent; the board is diverse in skills, experience, and background.

• The board conducts annual assessments of its effectiveness and that of its committees and directors.

• Board leadership includes a separate Chairman and independent Lead Director, with the Lead Director playing a robust oversight and liaison role.

• The board has added six new independent directors in the last five years, reflecting ongoing refreshment.

• Shareholder engagement is ongoing, with outreach to holders of 56% of shares in 2025.