UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 18, 2013 (December 16, 2013)

MOODY’S CORPORATION
(Exact Name of Registrant as Specified in Charter)

 
					
Delaware	 	1-14037	 	13-3998945	
(State or Other Jurisdiction
of Incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	
Moody’s Corporation
7 World Trade Center at 250 Greenwich Street
New York, New York 10007
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 553-0300

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:
 
¨	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”
(b) On December 16, 2013, Robert R. Glauber, a member of the Board of Directors (the “Board”) of Moody’s Corporation (the “Company”), notified the Board that he has determined not to stand for re-election to the Board at the Company’s 2014 Annual Meeting of Stockholders.
(d) On December 18, 2013, the Company announced that Leslie Seidman has been elected as a member of the Company’s Board, effective immediately. Ms. Seidman also has been elected to the Board’s Audit, Governance and Compensation and Moody’s Investors Service Committees. With the election of Ms. Seidman, the Company’s Board consists of ten directors. Ms. Seidman, 51, currently serves as the Executive Director of the Center for Excellence in Financial Reporting at Pace University’s Lubin School of Business. From July 2003 through June 2013, Ms. Seidman served on the board of the Financial Accounting Standards Board, including as Chairman from December 2010 through June 2013.
In accordance with the Company’s director compensation plan for non-employee directors, Ms. Seidman will be paid an annual cash retainer of $80,000, payable in quarterly installments. She will receive in February 2014 an annual restricted stock award under the 1998 Moody’s Corporation Non-Employee Directors’ Stock Incentive Plan equivalent in value to $145,000 based on the fair market value of the Company’s common stock on the effective date of the grant, which award vests on the first anniversary of the date of grant.
A copy of the Company’s press release relating to Ms. Seidman’s election as director is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 shall not be incorporated by reference into future filings under the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.
Item 9.01 “Financial Statements and Exhibits”
(d) Exhibits

99.1	  	Press release regarding the election of Ms. Seidman to the Board, dated December 18, 2013.	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

MOODY’S CORPORATION	
		
By:	 	/s/ John J. Goggins	
	 	John J. Goggins	
	 	Executive Vice President and General Counsel	
Date: December 18, 2013

INDEX TO EXHIBITS

Exhibit
No.	  	Description	
		
99.1	  	Press release regarding the election of Ms. Seidman to the Board, dated December 18, 2013.	

Exhibit 99.1

December 18, 2013
Moody’s Corporation Elects Leslie F. Seidman to Board of Directors
NEW YORK—(BUSINESS WIRE)— Moody’s Corporation announced today that it has elected Leslie F. Seidman to its board of directors, effective immediately. Leslie will serve as a member of the board’s Audit, Governance & Compensation and MIS (Moody’s Investors Service) committees.
Ms. Seidman, 51, brings nearly 30 years of leadership experience in the development of accounting and financial reporting standards and policies. As the immediate past Chairman of the independent Financial Accounting Standards Board (FASB), she oversaw ongoing development of accounting standards and directed the organization’s global policy agenda. Prior to her term as Chairman, Ms. Seidman served as Acting Chairman and as a board member of the FASB, beginning in 2003. Ms. Seidman was recently named the Executive Director of the Center for Excellence in Financial Reporting at Pace University’s Lubin School of Business.
“Leslie’s distinguished career in financial standards has provided her with a broad perspective on the information needs of a diverse range of financial market participants,” said Henry McKinnell, Jr., Chairman, Moody’s Corporation. “Her extensive industry knowledge and expertise will provide a strong addition to our board.”
Ms. Seidman previously served as Vice President of Accounting Policy at J.P. Morgan & Co., where she was responsible for establishing and implementing firm-wide accounting policies. She also served as an auditor with Arthur Young & Co.
About Moody’s Corporation
Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.7 billion in 2012, employs approximately 8,300 people worldwide and maintains a presence in 31 countries. Further information is available at www.moodys.com .
Moody’s Corporation
Media:
Michael Adler, 212-553-4667
Senior Vice President
Corporate Communications
michael.adler@moodys.com
or
Investor Relations:
Salli Schwartz, 212-553-4862
Global Head of Investor Relations
sallilyn.schwartz@moodys.com