secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001193125-24-020921
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street issues 1.5M depositary shares of Series I preferred, raising ~$1.48B net
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- Issued 1,500,000 depositary shares each representing 1/100th interest in Series I Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, liquidation preference $100,000/share.
- Expected net proceeds of approximately $1.481 billion after underwriting discount and expenses.
- Underwriting agreement dated Jan 24, 2024 with BofA Securities, Deutsche Bank Securities, Goldman Sachs.
- Series I Preferred created via Articles of Amendment filed Jan 30, 2024 with Massachusetts Secretary of State.
- Deposit agreement entered with Equiniti Trust Company; legal opinion filed as Exhibit 5.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000119312524020921/0001193125-24-020921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000119312524020921/d752889d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-020921

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