---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-157842"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:26:20.048660+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NYCB shareholders approve 2B authorized shares, reverse split 1:3, waive 10% voting cap for Liberty/Reverence

## Summary
- Authorized common shares increased from 900M to 2B; total stock authority raised to 2.005B shares.
- 1-for-3 reverse stock split approved; Board may implement within one year.
- 10% voting cap waived for Liberty 77 Capital and Reverence Capital affiliates.
- Share issuance related to March 2024 capital raise approved; no cash-settled warrants required.
- Series B preferred dividends cease; Series C converts to common; outstanding shares now 1.05B.

## SEC filing metadata
- accession: 0001193125-24-157842
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 5.07, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000119312524157842/0001193125-24-157842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000119312524157842/d830699d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-157842
- JSON: https://secwatch.observer/filing/0001193125-24-157842.json
- Plain text: https://secwatch.observer/filing/0001193125-24-157842.txt

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