8-KCorporate ChangesExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Bylaw Amendment (Mar 17, 2026)

Filed March 17, 2026For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) has filed an 8-K report detailing an administrative change regarding its preferred stock. Specifically, the company has eliminated the Certificate of Designation for its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB. This action, effective March 17, 2026, removes the specific provisions of this preferred stock series from the company's Restated Certificate of Incorporation. This filing is primarily administrative and does not appear to involve any new financial issuances or immediate operational changes that would directly impact the company's core financial performance or strategic direction. Investors should note that this action relates to the formal extinguishment of the rights and terms associated with the Series BB Preferred Stock, which was previously established in January 2021. The company has made the relevant documentation, the Certificate Eliminating the Certificate of Designation, available as an exhibit to this filing.

Key Highlights

  • 1Wells Fargo & Company (WFC) filed an 8-K on March 17, 2026.
  • 2The filing pertains to an amendment of the company's charter documents.
  • 3Specifically, the Certificate of Designation for the 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB has been eliminated.
  • 4This action effectively removes the provisions of the Series BB Preferred Stock from the company's Restated Certificate of Incorporation.
  • 5The change is administrative and relates to previously established preferred stock, filed in January 2021.
  • 6The Certificate Eliminating the Certificate of Designation is filed as Exhibit 3.1.

Frequently Asked Questions

The primary purpose of this 8-K filing is to inform investors about the administrative elimination of the Certificate of Designation for Wells Fargo's 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB. This action formally removes the specifications of this preferred stock series from the company's governing charter documents.

This filing indicates the elimination of the Certificate of Designation for the Series BB Preferred Stock from the company's charter. While this removes its designation, it doesn't explicitly state that the stock itself is being redeemed or called at this moment. Further details would be needed to confirm the exact status or future actions regarding the outstanding shares of this series, if any.

Eliminating a Certificate of Designation means that the specific terms, rights, and preferences associated with that class or series of preferred stock are no longer formally part of the company's foundational corporate documents. For investors, this can signify the conclusion of that particular stock series' lifecycle or a restructuring of the company's capital stock.

This is an administrative change to the company's charter and does not appear to immediately impact the company's current financial statements or ongoing dividend payment obligations. However, if this elimination is a precursor to a redemption or other corporate action concerning the Series BB Preferred Stock, it could have future financial implications. Based solely on this filing, no immediate financial impact is apparent.