---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-192252"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:36:13.864833+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo issues $1.725B of 7.625% Fixed Rate Reset Preferred Stock, Series EE

## Summary
- Sold 1,725,000 Depositary Shares, each representing a 1/25th interest in a share of Series EE Preferred Stock.
- Series EE has a $25,000 liquidation preference per share, 7.625% fixed rate reset, non-cumulative, perpetual.
- Certificate of Designation filed July 20, 2023; sale closed July 24, 2023 with Wells Fargo Securities as underwriter.
- Authorized 69,000 shares of Series EE Preferred Stock; proceeds of approximately $1.725 billion.

## SEC filing metadata
- accession: 0001193125-23-192252
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000119312523192252/0001193125-23-192252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000119312523192252/d504599d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-192252
- JSON: https://secwatch.observer/filing/0001193125-23-192252.json
- Plain text: https://secwatch.observer/filing/0001193125-23-192252.txt

## Key facts
- Governance Changes
  WELLS FARGO & COMPANY/MN: Designated a new series of Preferred Stock as '7.625% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series EE', authorized 69,000 shares, with a liquidation preference of $25,000 per share (effective 2023-07-20).
  - Change: charter amendment
  - Effective: 2023-07-20
  source text: On July 20, 2023, the Company filed with the Delaware Secretary of State a Certificate of Designation which, effective upon filing, designated a series of such Preferred Stock as "7.625% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series EE," authorized 69,000 shares of Non-Cumulative Perpetual Class A Preferred Stock, Series EE, without par value and with a liquidation preference amount of $25,000 per share (referred to herein as the "Series EE Preferred Stock"), and set forth the voting powers, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof, of the Series EE Preferred Stock which are not fixed by the Company's Restated Certificate of Incorporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72971/000119312523192252/0001193125-23-192252-index.htm

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