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): May 10, 2006
NORTHERN TRUST CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 0-5965 | 36-2723087 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
| 50 South LaSalle Street, Chicago, Illinois | 60603 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (312) 630-6000
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 7.01. Regulation FD Disclosure.
William A. Osborn, Chairman and Chief Executive Officer, Frederick H. Waddell, President and Chief Operating Officer, Steven L. Fradkin, Executive Vice President and Chief Financial Officer, and the other members of the executive management team of Northern Trust Corporation (the “Corporation”) will host an investor conference today at which they will present a strategic update of the Corporation’s businesses and review the following revisions to the Corporation’s long-term financial targets effective May 10, 2006:
| Long-Term Financial Targets |
Current | Revised | ||
| Return on Equity |
18-20% | 16-18% | ||
| Earnings Per Share Growth |
10% or greater | 10-12% | ||
| Productivity Ratio * |
160% | Not applicable | ||
| Revenue Growth |
Not applicable | 8-10% | ||
| Operating Leverage |
Not applicable | Positive |
The conference will be webcast live on the Corporation’s website, www.northerntrust.com, from approximately 1:30 p.m. until 5:00 p.m. EDT. An archived replay of the conference webcast will be available until June 9, 2006.
In accordance with Instruction B.2. of Form 8-K, the information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
| * | Defined as total revenues as a percent of total non-interest expenses. |
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.
| NORTHERN TRUST CORPORATION | ||||
| (Registrant) | ||||
| Date: May 10, 2006 | By: | /s/ STEVEN L. FRADKIN | ||
| Steven L. Fradkin | ||||
| Executive Vice President and Chief Financial Officer | ||||