Schwab eliminates Series E Preferred Stock via Certificate of Elimination

SCHWAB CHARLES CORP

Filed Certificate of Elimination with Delaware Secretary of State on Dec 1, 2022.
Eliminates 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E.
All matters in the Certificate of Designations for Series E removed from charter.
No financial details or reason provided in the filing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SCHWAB CHARLES CORP: Eliminated Certificate of Designations for Series E Preferred Stock from the Fifth Restated Certificate of Incorporation (effective 2022-12-01).

Change: charter amendment
Effective: 2022-12-01

Exact text from the filing

On December 1, 2022, The Charles Schwab Corporation (the Company) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (Series E Preferred Stock), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series E Preferred Stock.

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Source: SEC EDGAR

accession 0000316709-22-000049

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