---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-063181"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:52:26.899508+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Citigroup establishes new 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z

## Summary
- Filed Certificate of Designations for 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z.
- Underwriting agreement dated Feb 28, 2023 for depositary shares representing 1/25th interest in Series Z.
- Deposit agreement with Computershare as depositary for the new preferred stock series.
- Series Z preferred stock is noncumulative with a fixed rate reset feature.

## SEC filing metadata
- accession: 0001193125-23-063181
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000119312523063181/0001193125-23-063181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000119312523063181/d456756d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-063181
- JSON: https://secwatch.observer/filing/0001193125-23-063181.json
- Plain text: https://secwatch.observer/filing/0001193125-23-063181.txt

## Key facts
- Governance Changes
  CITIGROUP INC: Established a new series of preferred stock, 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z, by filing a Certificate of Designations that amended the Restated Certificate of Incorporation (effective 2023-03-06).
  - Change: charter amendment
  - Effective: 2023-03-06
  source text: On March 6, 2023, Citigroup Inc. filed a Certificate of Designations with the Secretary of State of the State of Delaware, establishing the designations, preferences, powers and rights of the shares of a new series of Citigroup preferred stock, 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000119312523063181/0001193125-23-063181-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.