8-KCorporate ChangesExhibits & Filings

MORGAN STANLEY 8-K Report, Bylaw Amendment (Apr 15, 2021)

Filed April 15, 2021For Securities:MSMS-PKMS-POMS-PQMS-PAMS-PFMS-PIMS-PLMS-PPMS-PEMSTLW

Summary

Morgan Stanley (MS) has filed a Form 8-K to report the elimination of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J. This action, effective April 15, 2021, involves filing a Certificate of Elimination with the State of Delaware. The filing confirms that no shares of Series J Preferred Stock were outstanding at the time of elimination, and all references to this series have been removed from the company's Amended and Restated Certificate of Incorporation. This filing is primarily a procedural update related to the company's capital structure. Investors should note that the Series J Preferred Stock had already been redeemed by the company. The elimination and removal of references from the charter are administrative steps to formally conclude the status of this specific preferred stock series. The company also provided interactive data files in Inline XBRL format as part of the filing.

Key Highlights

  • 1Morgan Stanley filed an 8-K on April 15, 2021, to report corporate actions.
  • 2The company filed a Certificate of Elimination for its Series J Preferred Stock with the State of Delaware.
  • 3The Series J Preferred Stock was redeemed by Morgan Stanley on April 15, 2021.
  • 4No shares of Series J Preferred Stock were outstanding at the time of the filing.
  • 5All references to Series J Preferred Stock have been removed from the company's Amended and Restated Certificate of Incorporation.
  • 6The filing is considered a procedural update regarding the company's capital structure.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally report the elimination of Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J, following its redemption. This involves filing a Certificate of Elimination with the State of Delaware and removing all references to this stock series from the company's charter.

No, this filing does not involve the issuance of new preferred stock or a significant alteration of its overall preferred stock structure. It is an administrative step to formally remove a specific series (Series J) that had already been redeemed and was no longer outstanding.

Redemption means that Morgan Stanley bought back or paid off the outstanding shares of Series J Preferred Stock. This is a common action for companies to manage their capital structure, potentially to reduce costs or simplify their outstanding securities.

Generally, no. This filing is a procedural step to formally remove a previously redeemed and non-outstanding class of preferred stock from the company's charter. It does not indicate any negative financial event or change in ongoing business operations.