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ZIONS BANCORPORATION /UT/ FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Election of Director (d) On August 29, 2014, the Board of Directors (the "Board") of Zions Bancorporation (the "Company") adopted resolutions fixing the number of directors of the Company at 11, an increase of one directorship, and electing John C. Erickson to serve as a director of the Company, thereby filling the vacancy created by the increase in the size of the Board. Mr. Erickson will hold office until the Company's next annual meeting of shareholders. He will be appointed to committees of the Board at a later date. Mr. Erickson served as Vice Chairman of Union Bank (formally MUFG Union Bank, National Association) from 2007 to 2014, during which time he also held positions of Chief Risk Officer and Chief Corporate Banking Officer. Prior to his appointment as Vice Chairman, he served in various other executive leadership roles at Union Bank, where he was employed for more than 30 years. There are no arrangements or understandings between Mr. Erickson and any other person in connection with his election to the Board. There are no transactions between Mr. Erickson and the Company or any of its subsidiaries that are reportable under Item 404(a) of Regulation S-K. As a nonemployee director, Mr. Erickson will receive cash compensation and will participate in the Company's director stock program. Further information about nonemployee director compensation is included in the Company's proxy statement filed with the Securities and Exchange Commission on April 17, 2014. |