secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001193125-24-019477
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street to issue 1.5M depositary shares of Series I non-cumulative preferred stock, net proceeds ~$1.48B
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- Offering of 1,500,000 depositary shares at $1,000 each, representing 1/100th interest in Series I Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock.
- Net proceeds of approximately $1.481 billion after underwriting discount and expenses.
- Underwriting agreement with BofA Securities, Deutsche Bank Securities, and Goldman Sachs as representatives.
- Articles of Amendment filed with Massachusetts Secretary of State on Jan 30, 2024, fixing designations of new Series I preferred stock.
- Deposit agreement with Equiniti Trust Company as depositary for the depositary shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000119312524019477/0001193125-24-019477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000119312524019477/d750214d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-019477

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