________________________________________________________________________________
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): FEBRUARY 28, 2007
UNIONBANCAL CORPORATION
______________________________________________________
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 001-15081 94-1234979
________________________ ________________________ ___________________
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
400 California Street
San Francisco, CA 94104-1302
___________________________________________________
(Address of principal executive offices) (Zip Code)
Tel. (415) 765-2969
__________________________________________________
Registrant's telephone number, including area code
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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(b) RESIGNATION OF PRINCIPAL EXECUTIVE OFFICER. On February 28, 2007,
Takashi Morimura announced that he will resign as President and Chief Executive
Officer of UnionBanCal Corporation effective May 24, 2007.
RESIGNATION OF CHAIRMAN. On February 28, 2007, Tetsuo Shimura announced
that he will resign as Chairman of UnionBanCal Corporation effective at the
close of business on February 28, 2007.
(c) APPOINTMENT OF PRINCIPAL EXECUTIVE OFFICER. On February 28, 2007,
Masaaki Tanaka was appointed by the Board of Directors as President and Chief
Executive Officer of UnionBanCal Corporation effective May 24, 2007. Mr. Tanaka,
53, has served as Executive Officer and General Manager, Corporate Planning
Division of The Bank of Tokyo-Mitsubishi-UFJ, Ltd. since January 2006. From May
2004 to January 2006, Mr. Tanaka served as General Manager of Corporate Business
Development for The Bank of Tokyo-Mitsubishi, Ltd., during which time he also
served, prior to July 2004, as General Manager of Corporate Banking Division No.
2 of Corporate Banking Group No. 1, and, beginning in July 2004, as General
Manager of Corporate Banking Division No. 3 of the Corporate Banking Group. Mr.
Tanaka was appointed Executive Officer in June 2004. From April 2001 to May
2004, he served as General Manager, Corporate Planning Division of the
Mitsubishi Tokyo Finance Group and from May 2000 to April 2001, he served as
General Manager, Integrated Planning Office of The Bank of Tokyo-Mitsubishi,
Ltd.
APPOINTMENT OF CHAIRMAN. On February 28, 2007, Norimichi Kanari was
appointed by the Board of Directors as Chairman of UnionBanCal Corporation
effective at the close of business on February 28, 2007. Mr. Kanari, 60, has
served as Deputy President & Group CEO, Global Banking, of The Bank of
Tokyo-Mitsubishi UFJ since June 2005. He served as President and Chief Executive
Officer of UnionBanCal and Union Bank of California, N.A. from July 2001 to May
2005. He served as Vice Chairman of UnionBanCal and Union Bank of California
from July 2000 to July 2001. He has served as a director of The Bank of
Tokyo-Mitsubishi UFJ since June 1997 and was elected a Senior Managing Director
of The Bank of Tokyo-Mitsubishi UFJ in January 2005. Mr. Kanari has been a
Director of UnionBanCal since July 2000.
(d) ELECTION OF DIRECTOR. Effective February 28, 2007, Nicholas B.
Binkley was elected a Director of UnionBanCal Corporation and a Director of
Union Bank of California, N.A. and a member of the Board's Finance & Capital
Committee and Trust, Investment & Brokerage Oversight Committee. Nicholas B.
Binkley, 61, has been a partner of Forrest Binkley & Brown, a venture capital
and private equity firm since the firm was formed in July 1993. He also serves
as managing general partner for SBIC Partners, LP, and Forrest Binkley & Brown
Capital Partners, LLC.
Mr. Binkley, will received a grant of restricted stock units under the
Year 2000 UnionBanCal Corporation Management Stock Plan (the "Plan") equal to
$55,000 as calculated based on the Fair Market Value (as defined in the Plan) of
UnionBanCal common stock as of February 28, 2007. This grant of restricted stock
units is the Initial Grant (as such terms are defined in the form of restricted
stock unit agreement filed previously with the Securities and Exchange
Commission), which shall vest in equal 1/3 installments on each of the first
three anniversaries of the date of grant.
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.
Dated: February 28, 2007
UNIONBANCAL CORPORATION
By: /s/ JOHN H. MCGUCKIN, JR.
________________________________
John H. McGuckin, Jr.
EVP, GENERAL COUNSEL & SECRETARY
(DULY AUTHORIZED OFFICER)