secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-08-12T21:29:42+00:00
Accession:  0000004962-26-000338
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx raises $1.6B via Series E preferred; to redeem Series D on Sept 15
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- Issued 1,600,000 depositary shares (each 1/1,000th interest) of 6.450% Fixed Rate Reset Noncumulative Preferred Shares, Series E.
- Each Series E preferred share has $1,000,000 liquidation preference; equivalent $1,000 per depositary share.
- Plans to redeem all Series D preferred (3.550%) on Sept 15, 2026 at $1,000 per depositary share plus unpaid dividends.
- Dividend restrictions on common/parity preferred if Series E dividends are not fully declared and paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000338/0000004962-26-000338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000338/axp-20260812.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000338

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