$T·8-K

AT&T INC. · May 20, 5:05 PM ET

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AT&T INC. 8-K

Research Summary

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AT&T Inc. Eliminates Series B Preferred, Approves 2026 Incentive Plan

What Happened

  • AT&T Inc. filed a Certificate of Elimination with the Delaware Secretary of State on May 15, 2026, which became effective upon filing and eliminates its Fixed Rate Reset Perpetual Preferred Securities, Series B.
  • At its 2026 Annual Meeting of Stockholders, AT&T’s shareholders approved the company’s 2026 Incentive Plan and an amendment and restatement of the Stock Purchase and Deferral Plan; descriptions and full texts are included in Annex C and Annex D of the company’s definitive proxy statement filed March 23, 2026.

Key Details

  • Certificate of Elimination filed and effective: May 15, 2026.
  • 2026 Annual Meeting approvals: 2026 Incentive Plan and amended & restated Deferral Plan (approved by stockholders at the 2026 Annual Meeting).
  • Proxy statement filing with SEC: March 23, 2026 (descriptions and full plan documents are in Annexes C and D).
  • Form 8-K signed by Stacey Maris, SVP, Secretary and Chief Privacy Officer, filed May 20, 2026.

Why It Matters

  • Eliminating the Series B preferred securities changes AT&T’s capital structure by removing that class of perpetual preferred instrument; this can affect claim priority, dividend obligations and the company’s capital mix (investors should review the specific terms in the Certificate of Elimination to understand direct impacts).
  • Approval of the 2026 Incentive Plan and the amended Deferral Plan authorizes new equity-based compensation programs for employees and executives, which may lead to future share-based awards and potential dilution for common shareholders—review the plan texts in the proxy annexes for award limits and terms.
  • Retail investors should read the referenced proxy annexes and the Certificate of Elimination in the company’s SEC filings for full details and to assess any material financial or governance effects.