Form 8-K · Current report
State Street Corporation 8-K, filed Aug 7, 2026
- Filed
- CIK
- 0000093751
- Accession no.
- 0001193125-26-340238
Summary
State Street Corporation priced a public offering of 500,000 depositary shares, each representing a 1/100th ownership interest in a share of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, at $1,000 per depositary share, expecting net proceeds of about $495.7 million. State Street filed Articles of Amendment with the Massachusetts Secretary of the Commonwealth on August 6, 2026 to fix the Series L designations and rights, with the sale underwritten by Goldman Sachs and Morgan Stanley as representatives.
Key points
- The offering was priced at $1,000 per depositary share, with State Street expecting roughly $495.7 million in net proceeds after the underwriting discount and estimated expenses.
- State Street entered an underwriting agreement on August 5, 2026 with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as representatives of the underwriters.
- The Articles of Amendment, filed August 6, 2026, set the terms of the Series L preferred stock, which carries a $100,000 per share liquidation preference.
- State Street expects to enter a deposit agreement with Equiniti Trust Company, LLC as depositary for the depositary shares.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 3.03Material Modification to Rights of Security Holders
- 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 3.03. Material Modification to Rights of Security Holders. The information set forth in Item 5.03 of this Current Report on Form 8-K is incorporated in this Item 3.03 by reference. Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On August 6, 2026, State Street Corporation (“State Street”) filed Articles of Amendment with the Secretary of the Commonwealth of the Commonwealth of Massachusetts for the purpose of amending its Articles of Organization to fix the designations, preferences, limitations and relative rights of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, without par value per share, with a liquidation preference…
An excerpt of the text as filed with the SEC, cut for length.
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