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STATE STREET CORP 8-K Report, Rights Modification (Aug 7, 2026)

Reports
Shareholder Matters·Corporate Changes·Other Events+1
Filing Date
Filed August 7, 2026
Period End
August 5, 2026
Securities
STTSTT-PG
In the record · 2016–202610-K1210-Q328-K196

STT filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 196 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jan ’17Jan ’17
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Sep ’25Sep ’25

Summary

Summary of the 8-K filed August 7, 2026. Cited figures are marked; the original filing is the authoritative source.

State Street Corporation (STT) has filed an 8-K detailing the creation and public offering of new preferred stock.

Specifically, the company amended its Articles of Organization to establish the terms of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L. This newly created preferred stock will be offered to the public through depositary shares, with each depositary share representing a 1/100th ownership interest in a share of the Series L Preferred Stock. The offering involves 500,000 depositary shares, priced at $1,000a per share, with State Street expecting to raise approximately $495.7 million in net proceeds after deducting underwriting discounts and expenses.

This strategic move indicates a focus on strengthening the company's capital structure or funding specific initiatives through equity issuance. Investors should note the perpetual nature of the preferred stock and its fixed rate reset feature, which will impact future dividend payments.

Key Highlights

  1. State Street Corporation filed an 8-K to announce the creation and public offering of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L.
  2. The company amended its Articles of Organization to define the terms, preferences, and rights of the new Series L Preferred Stock.
  3. State Street is offering 500,000 depositary shares, each representing a 1/100th interest in a share of the Series L Preferred Stock.
  4. The public offering price for each depositary share is set at $1,000.
  5. State Street anticipates receiving net proceeds of approximately $495.7 million from the offering after fees and expenses.
  6. The offering is being conducted under an underwriting agreement with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.
  7. The new preferred stock is perpetual and non-cumulative with a fixed rate reset feature.

Frequently Asked Questions

  1. What is State Street issuing in this filing?

    State Street is issuing depositary shares representing ownership in its newly created Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L.

  2. How much capital does State Street expect to raise?

    State Street expects to raise approximately $495.7 million in net proceeds from the sale of 500,000 depositary shares.

  3. What are the key characteristics of this new preferred stock?

    The Series L Preferred Stock is perpetual, non-cumulative, and has a fixed rate reset feature. Each depositary share represents a 1/100th interest in a share of this preferred stock.

  4. What is the price of the depositary shares?

    The depositary shares are being offered at a public offering price of $1,000 per share.