The Bank of New York Mellon Corporation filed a current report on August 13, 2026, disclosing that its Board of Directors elected Vikram Malhotra as an independent director, effective October 1, 2026.

Key Highlights

  • New director elected: Vikram Malhotra was elected as an independent member of The Bank of New York Mellon Corporation's Board of Directors on August 11, 2026.
  • Effective date: Mr. Malhotra's board membership takes effect October 1, 2026.
  • Board size: With Mr. Malhotra's election, the Board will consist of 12 directors.
  • Compensation: Mr. Malhotra will receive customary compensation under the non-management director compensation program, as described in the company's Definitive Proxy Statement on Schedule 14A filed March 5, 2026.

Bank of New York Mellon Adds Independent Director, Expanding Board to 12 Members

According to the filing, The Bank of New York Mellon Corporation (NYSE:BNY) reported that its Board of Directors, acting on August 11, 2026, voted to elect Vikram Malhotra as an independent board member. The appointment becomes effective October 1, 2026. The company disclosed that following this election, the Board will be composed of 12 directors in total.

The filing states that Mr. Malhotra will receive compensation consistent with the company's non-management director compensation program. The terms of that program were described in the company's Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on March 5, 2026. No additional details about Mr. Malhotra's background or qualifications were included in the body of the 8-K filing itself, though the company noted that a press release dated August 13, 2026, attached as Exhibit 99.1, relates to the election and is incorporated by reference.

The report was signed on August 13, 2026, by Jean Weng, Secretary of The Bank of New York Mellon Corporation. The filing was submitted under Item 5.02, covering the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

What Was Disclosed

The Bank of New York Mellon Corporation disclosed the board election of Vikram Malhotra as an independent director, effective October 1, 2026, which will bring total board membership to 12 directors. Compensation will follow the existing non-management director program.