Goldman Sachs Updates Charter, Eliminates Series U Preferred Stock

What Happened
Goldman Sachs filed a Form 8-K on August 11, 2026 announcing that it has eliminated the designation for its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, from its certificate of incorporation after redeeming all outstanding shares. The Company filed a Certificate of Elimination and a Restated Certificate of Incorporation reflecting (i) the removal of Series U and (ii) the filing of a Certificate of Designations for its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.

Key Details

• All outstanding shares of Series U preferred stock (3.65% fixed-rate reset, non-cumulative) were redeemed on August 10, 2026.
• A Certificate of Elimination removing the Series U designation was filed with the Delaware Secretary of State on August 11, 2026.
• The Restated Certificate of Incorporation filed August 11, 2026 also reflects the Company’s Certificate of Designations for Series AA (6.500% fixed-rate reset, non-cumulative).
• The legal documents (Certificate of Elimination and Restated Certificate) were filed as exhibits to the 8‑K.

Why It Matters
This filing documents a change to Goldman Sachs’ charter and preferred-capital structure: Series U shares have been redeemed and removed from the company’s certificate, and the charter now includes terms for Series AA. For investors, this affects holders of the Series U (who were redeemed) and could signal adjustments to the firm's preferred stock lineup and funding costs (note the stated coupon rates: 3.65% vs. 6.50%). Retail investors should review the filed certificates for details and monitor future disclosures for any issuance or capital-raising actions related to Series AA.