Summary
U.S. Bancorp filed a Form 8-K on June 20, 2013, to report a corporate housekeeping matter: the elimination of its Series D Non-Cumulative Perpetual Preferred Stock from its charter. This action was effective upon filing a Certificate of Elimination with the Delaware Secretary of State on June 18, 2013. Crucially, no shares of this Series D Preferred Stock were issued or outstanding at the time of elimination. Consequently, this filing is primarily administrative and does not represent a change in the company's financial position, outstanding share count, or dividend policies for common shareholders. The company also filed a restated Certificate of Incorporation on June 19, 2013, to reflect this change and consolidate its charter documents.
Key Highlights
- 1U.S. Bancorp filed a Certificate of Elimination for its Series D Non-Cumulative Perpetual Preferred Stock.
- 2The elimination was effective as of June 18, 2013, upon filing with the Delaware Secretary of State.
- 3No shares of the Series D Preferred Stock were issued or outstanding at the time of elimination.
- 4A Restated Certificate of Incorporation was filed on June 19, 2013, to reflect the elimination.
- 5This action is primarily administrative and does not impact current outstanding shares or financial obligations.
- 6The filing serves to clean up the company's corporate charter by removing provisions for unissued stock.
- 7The event date of the earliest reported event was June 18, 2013.