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: July 8, 2003
State Street Corporation |
||
(Exact Name of Registrant as Specified in its Charter) |
Massachusetts |
0-5108 |
04-2456637 |
(State of Incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
225 Franklin Street, Boston, Massachusetts |
02110 |
(Address of principal executive offices) |
(Zip code) |
Registrant's telephone number, including area code: (617) 786-3000
Item 9. Regulation FD Disclosure [Item 12. Results of Operations and Financial Condition.]
The following information and exhibit is furnished to the Securities and Exchange Commission under Item 12. Results of Operations and Financial Condition of Form 8-K pursuant to the Securities Exchange Act of 1934.
On July 8, 2003, Registrant issued a press release announcing that it has implemented an operating expense reduction program, including a voluntary employee separation program, that is expected to result in approximately $125 million in cost savings for the second, third and fourth quarters of 2003, and expects to record a related pre-tax restructuring charge of approximately $296 million or $0.58 per share, substantially all of which will be recorded in the second quarter. Registrant also announced that excluding the restructuring charge, it expects to report improved operating results for the second quarter ended June 30, 2003, compared to the first quarter.
The press release issued by Registrant in connection with the announcements is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Signatures
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.
| STATE STREET CORPORATION | |
| By: /s/Frederick P. Baughman | |
| Name: | Frederick P. Baughman |
| Title: | Senior Vice President, Controller and Chief Accounting Officer |
Date: July 9, 2003
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EXHIBIT INDEX
Exhibit
99.1 Form of press release dated July 8, 2003
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