Summary
Norfolk Southern Corporation (NSC) filed an 8-K on November 24, 2003, to announce a significant event related to its subsidiary, Norfolk Southern Railway Company. The railway company will redeem all publicly held shares of its $2.60 Cumulative Preferred Stock, Series A, on December 29, 2003. This redemption is a key event for holders of this specific preferred stock series, as it signals the end of their investment in that instrument. Investors should note the redemption date and the specific series of preferred stock involved. While this filing doesn't detail the redemption price or the financial implications for Norfolk Southern Corporation itself, it directly impacts the capital structure and the holders of the redeemed securities.
Key Highlights
- 1Norfolk Southern Railway Company will redeem all publicly held shares of its $2.60 Cumulative Preferred Stock, Series A.
- 2The redemption date is scheduled for December 29, 2003.
- 3This announcement was made via a press release attached as an exhibit to the 8-K filing.
- 4The filing falls under Item 5 (Other Events) and Item 9 (Regulation FD Disclosure).
- 5The redemption affects a specific series of preferred stock, not common stock.
- 6The filing was made by Norfolk Southern Corporation, but concerns an action by its subsidiary, Norfolk Southern Railway Company.
Frequently Asked Questions
The 8-K filing is to officially announce that Norfolk Southern Railway Company is redeeming all of its outstanding $2.60 Cumulative Preferred Stock, Series A, on December 29, 2003. This is a material event that requires public disclosure.
This redemption specifically affects the holders of Norfolk Southern Railway Company's $2.60 Cumulative Preferred Stock, Series A. It does not directly impact the common stockholders of Norfolk Southern Corporation unless they also hold this specific series of preferred stock.
This 8-K filing announces the redemption but does not specify the redemption price or other detailed terms. Investors holding the preferred stock should refer to the press release (Exhibit 99) attached to this filing for further information, or contact Norfolk Southern Corporation directly for details on the redemption value and process.
This specific redemption action pertains to a series of preferred stock issued by Norfolk Southern Railway Company, a subsidiary. While it may have minor implications for the overall capital structure, it does not directly affect the trading or rights of Norfolk Southern Corporation's common stock.