$BNY·8-K

Bank of New York Mellon Corp · Jun 23, 4:19 PM ET

Compare

Bank of New York Mellon Corp 8-K

Research Summary

AI-generated summary

Updated

Bank of New York Mellon Eliminates Series H Preferred Stock

What Happened

  • The Bank of New York Mellon Corporation announced it filed a Certificate of Elimination with the Delaware Secretary of State on June 23, 2026, removing from its Restated Certificate of Incorporation the provisions related to its Series H Noncumulative Perpetual Preferred Stock.
  • All outstanding shares of the Series H Preferred Stock were redeemed on June 20, 2026. A copy of the Certificate of Elimination is included as Exhibit 3.1 to the Form 8-K.

Key Details

  • Company: The Bank of New York Mellon Corporation (BNY).
  • Instrument: Series H Noncumulative Perpetual Preferred Stock.
  • Redemption date: All outstanding Series H shares redeemed on June 20, 2026.
  • Certificate filed: Certificate of Elimination filed with Delaware on June 23, 2026; filed as Exhibit 3.1 in the 8-K.

Why It Matters

  • The elimination follows the complete redemption of Series H shares and formally removes the related preferred-stock provisions from BNY’s charter, clarifying the company’s capital structure going forward.
  • For investors, this means the company no longer has outstanding Series H preferred securities or the associated dividend obligations; it may modestly affect BNY’s mix of capital and future dividend commitments, but the 8-K reports no other financial details or changes.

Loading document...