Goldman Sachs redeems all Series K preferred stock; creates new Series X 7.50% preferred

GOLDMAN SACHS GROUP INC

All outstanding 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K redeemed on May 17, 2024.
Certificate of Elimination filed with Delaware Secretary of State to remove Series K from charter.
Restated Certificate of Incorporation also filed to add 7.50% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series X.
No financial terms or redemption price disclosed in the filing.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GOLDMAN SACHS GROUP INC: Eliminated Certificate of Designations for 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K after redemption, and filed restated certificate of incorporation reflecting elimination of Series K and addition of Series X terms (effective 2024-05-17).

Change: charter amendment
Effective: 2024-05-17

Exact text from the filing

On May 17, 2024, the Company filed a Certificate of Elimination to its Restated Certificate of Incorporation with the Secretary of State of the State of Delaware eliminating from the Restated Certificate of Incorporation all matters set forth in the Certificate of Designations with respect to its 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K (the “Series K Preferred Stock”).

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Source: SEC EDGAR

accession 0001193125-24-142936

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