SCHWAB CHARLES CORP 8-K

What Happened
The Charles Schwab Corporation (SCHW) filed a Certificate of Elimination with the Delaware Secretary of State on June 1, 2026, removing the company’s 4.000% Fixed-Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series I, from its Fifth Restated Certificate of Incorporation. The filing (reported under Item 5.03) eliminates from the charter all matters set forth in the Certificate of Designations for the Series I Preferred Stock. The Certificate of Elimination is attached as Exhibit 3.1 to the 8‑K.

Key Details

• Company: The Charles Schwab Corporation (SCHW).
• Event date: Certificate filed and effective June 1, 2026.
• Security affected: 4.000% Fixed-Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series I.
• Form 8‑K section: Item 5.03 (Amendments to Articles of Incorporation or Bylaws); Exhibit 3.1 attached.

Why It Matters
Removing the Series I designation changes the company’s charter and the legal framework for that class of preferred stock. For investors, this is a corporate-structure action that could affect the status of any Series I shares or related rights; the 8‑K does not state whether shares were outstanding, redeemed, or otherwise settled as part of this filing. Monitor future filings (e.g., redemption notices or shareholder disclosures) for details about any cash actions or impacts on capital structure.