secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001193125-22-291112
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

Lincoln National closes $1B preferred stock offering of Series C (9.25%) and Series D (9.00%) depositary shares
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- Issued 500,000 Series C depositary shares (9.25% fixed rate reset) and 20M Series D depositary shares (9.00% non-cumulative), totaling $1B liquidation preference.
- Common dividends and share repurchases restricted if preferred dividends not declared for the prior dividend period.
- Articles of amendment filed Nov 18, 2022 to establish Series C and Series D preferred stock terms; offering closed Nov 22, 2022.
- Offering made under existing shelf registration statement (Form S-3); proceeds not specified in filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000119312522291112/0001193125-22-291112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000119312522291112/d386745d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-291112

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