secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001193125-24-157842
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.02, 5.07, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000119312524157842/0001193125-24-157842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000119312524157842/d830699d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-157842

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