8-KOther Events

Bank of New York Mellon Corp 8-K Report, Corporate Update (Feb 26, 2026)

Filed February 26, 2026For Securities:BKBK-PKBNYBNY-PK

Summary

The Bank of New York Mellon Corporation (BK) announced on February 26, 2026, its intention to launch a proposed public offering of depositary shares. These shares represent an interest in a new series of perpetual preferred stock, designated as Series M. The proceeds from this offering are earmarked for general corporate purposes and may specifically be used to redeem all or a portion of its Series F Noncumulative Perpetual Preferred Stock in September 2026. Furthermore, BK indicated it may, though not obligated to, redeem some or all of its Series H Noncumulative Perpetual Preferred Stock in March 2026. Investors should note that both the successful pricing and closing of the offering, as well as the potential redemptions of Series F and Series H preferred stock, are contingent upon market conditions and other factors. The company has cautioned that there is no guarantee these events will occur or that the stated redemption amounts and timings will be finalized.

Key Highlights

  • 1Announcement of a proposed public offering for Series M Noncumulative Perpetual Preferred Stock depositary shares.
  • 2Potential use of offering proceeds for general corporate purposes, including redemption of Series F Preferred Stock.
  • 3Potential redemption of Series H Noncumulative Perpetual Preferred Stock in March 2026.
  • 4Redemption of Series F Preferred Stock is anticipated for September 2026, contingent on the offering's success.
  • 5All redemptions and the offering itself are subject to market conditions and other considerations.
  • 6The company has filed a preliminary prospectus supplement detailing the offering.
  • 7Forward-looking statements are included, with a cautionary note regarding risks and uncertainties.

Frequently Asked Questions

The primary purpose of the proposed public offering of Series M depositary shares is to raise capital for general corporate purposes. A significant intended use of these proceeds is the potential redemption of some or all of the Company's Series F Noncumulative Perpetual Preferred Stock in September 2026.

No, the redemption of both Series F and Series H Preferred Stocks is not guaranteed. The Company has stated it expects, but is not obligated, to redeem the Series H Preferred Stock in March 2026. The redemption of Series F Preferred Stock is contingent on the successful pricing and closing of the proposed offering of Series M preferred stock in September 2026. Both actions are subject to market conditions and other considerations.

The Series M Noncumulative Perpetual Preferred Stock is a new class of preferred stock being offered to the public. Its issuance is part of the Company's capital management strategy, with proceeds intended for corporate needs and potential debt retirement (specifically, the redemption of Series F preferred stock).

Detailed information about the proposed offering is available in the Company's preliminary prospectus supplement dated February 26, 2026, which has been filed with the Securities and Exchange Commission.