Document


 
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)    
 
August 8, 2016
 
 
 
SunTrust Banks, Inc.
(Exact name of registrant as specified in its charter)
 
 
Georgia
 
001-08918
 
58-1575035
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
303 Peachtree St., N.E., Atlanta, Georgia
 
30308
(Address of principal executive offices)
 
(Zip Code)
 
 
Registrant's telephone number, including area code    
 (800) 786-8787
 
 
 
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 (see General Instruction A.2. below):
 
[ ] 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))






Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
(e) On August 8, 2016, the Compensation Committee of the Board of Directors of SunTrust Banks, Inc. approved changes to the base salaries of three of the named executives officers, as well as the target annual incentive opportunity for two of those officers, effective September 1, 2016, in recognition of the level of responsibility, experience, and individual performance, and to better align with peer compensation practices.

 
New
Base Pay
New Target
Annual Incentive
Opportunity

Mark Chancy, Wholesale Banking Executive
$675,000
125%
Aleem Gillani, Chief Financial Officer
$635,000
110%
Anil Cheriyan, Chief Information Officer
$540,000
unchanged


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, thereunto duly authorized.
 
 
 
 
 
 
SUNTRUST BANKS, INC.
 
 
 
 
 
(Registrant)
Date: August 12, 2016.
 
 
By:
 
/s/ David A. Wisniewski
 
 
 
 
 
David A. Wisniewski, Senior Vice President,
 
 
 
 
 
Deputy General Counsel and Assistant Secretary