Form 8-K · Current report
KeyCorp 8-K, filed Aug 14, 2026
- Filed
- CIK
- 0000091576
- Accession no.
- 0001628280-26-057141
Summary
KeyCorp gave notice that it will redeem all 525,000 outstanding depositary shares of its Series D Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock on September 15, 2026, at $1,012.50 per depositary share in cash, equal to the $1,000 liquidation preference plus accumulated and unpaid dividends through the redemption date.
Key points
- The depositary shares represent 21,000 preferred shares with an aggregate liquidation preference of $525,000,000.
- Computershare will act as redemption agent, and the shares are held in book-entry form through the Depository Trust Company.
- Upon redemption the preferred stock will no longer be outstanding and all rights except the right to payment of the redemption price will terminate.
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
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01 Other Events. On August 14, 2026, KeyCorp (the “Company”) gave notice of its intention to redeem all of its 525,000 depositary shares each representing a 1/25th ownership interest in a share of its issued and outstanding Series D Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock (the “Preferred Stock”) on September 15, 2026 (the “Preferred Stock Redemption”). The Preferred Stock Redemption is in accordance with the terms in the Company’s Third Amended and Restated Articles of Incorporation, as amended. There are 525,000 depositary shares representing 21,000 shares of Preferred Stock, with an aggregate liquidation preference of $525,000,000, currently outstanding. …
An excerpt of the text as filed with the SEC, cut for length.
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