01—Abstract
Summary
Summary of the 8-K filed August 11, 2026. Cited figures are marked; the original filing is the authoritative source.
Goldman Sachs Group, Inc. (GS) has filed an 8-K report on August 11, 2026, detailing amendments to its corporate charter primarily related to its preferred stock.
The company has formally eliminated the provisions for its 3.65%a Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, following the redemption of all outstanding shares of this series on August 10, 2026. This action simplifies the company's capital structure by removing a specific preferred stock class. Concurrently, Goldman Sachs filed an amended Restated Certificate of Incorporation to reflect both the elimination of the Series U Preferred Stock and the terms of its newly established 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.
This filing indicates a strategic adjustment in the company's preferred equity offerings, with the issuance of Series AA preferred stock and the retirement of Series U preferred stock. Investors should note these changes as they impact the company's outstanding capital and future dividend obligations.
02—Key points
Key Highlights
- Goldman Sachs Group, Inc. eliminated its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U.
- All outstanding shares of Series U Preferred Stock were redeemed on August 10, 2026.
- A Certificate of Elimination for Series U Preferred Stock was filed with the Delaware Secretary of State.
- The company filed an updated Restated Certificate of Incorporation on August 11, 2026.
- The updated charter reflects the elimination of Series U Preferred Stock.
- The updated charter also incorporates the terms of the new 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report the elimination of Goldman Sachs' Series U Preferred Stock from its Restated Certificate of Incorporation, following the redemption of all outstanding shares, and to update the charter to reflect this elimination and the terms of a newly issued Series AA Preferred Stock.
What happened to the Series U Preferred Stock?
All outstanding shares of the 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, were redeemed on August 10, 2026. Subsequently, the provisions related to this stock were formally eliminated from the company's Restated Certificate of Incorporation through a Certificate of Elimination filed on August 11, 2026.
What is the new preferred stock mentioned in the filing?
The filing mentions the establishment of a new series of preferred stock: the 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA. The terms of this Series AA Preferred Stock are now included in the company's updated Restated Certificate of Incorporation.
How does this affect Goldman Sachs' capital structure?
This filing indicates a shift in Goldman Sachs' preferred equity. The retirement of Series U Preferred Stock simplifies the capital structure by removing an existing class, while the issuance of Series AA Preferred Stock introduces a new class with different terms and a higher fixed rate, which will impact the company's future dividend obligations and capital composition.
04—Continue