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.