secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001193125-24-182876
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street raises ~$842M via public offering of Series J preferred stock
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- State Street issued 850,000 depositary shares at $1,000 each, each representing 1/100th interest in a share of Series J preferred.
- Net proceeds expected to be approximately $842.2 million after underwriting discount and expenses.
- Underwriters are Goldman Sachs & Co. LLC and UBS Securities LLC.
- Series J is Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock with $100,000 liquidation preference per share.
- Offering made under existing shelf registration; prospectus supplement filed July 18, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000119312524182876/0001193125-24-182876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000119312524182876/d856460d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182876

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