Capital One Financial Corp Eliminates and Redeems Series M Preferred Stock

What Happened

• Capital One Financial Corporation announced on September 1, 2026 that it filed a Certificate of Elimination with the Delaware Secretary of State removing the Series M class from its Restated Certificate of Incorporation. The Series M is the "Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M."
• The company states that all outstanding shares of the Series M Preferred Stock were redeemed on September 1, 2026 in accordance with the terms of the Certificate of Designations (dated June 9, 2021). A copy of the Certificate of Elimination is attached as Exhibit 3.1 to the 8‑K.

Key Details

• Filing date: September 1, 2026 (Certificate of Elimination filed with Delaware).
• Series designation: Fixed Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series M.
• Certificate of Designations establishing Series M: dated June 9, 2021.
• All outstanding Series M shares were redeemed on September 1, 2026 per the terms of the original designation.

Why It Matters

• For investors, this means the Series M preferred shares no longer exist outstanding and the company completed the contractual redemption of those securities.
• The action removes the Series M provisions from Capital One’s charter, which affects the company’s capital structure by eliminating that preferred share class.
• The filing provides a formal record (the Certificate of Elimination) for shareholders and the market; details on redemption price or cash impact were not provided in this 8‑K.