---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-248743"
form_type: "8-K"
ticker: "BA"
cik: "0000012927"
company_name: "BOEING CO"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:19:03.575721+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Boeing issues 115M depositary shares of 6% mandatory convertible preferred, offering closed Oct 31

## Summary
- Issued 100M depositary shares (each 1/20th of Series A Mandatory Convertible Preferred) plus 15M over-allotment; offering closed Oct 31, 2024.
- Preferred stock has $1,000 liquidation preference per share, 6% annual dividend payable quarterly, mandatory conversion to common by Oct 15, 2027.
- Conversion rate per preferred share ranges from 5.8280 to 6.9940 common shares based on VWAP; depositary shares convert proportionally (0.2914 to 0.3497).
- Preferred dividends must be current before any common dividends or share repurchases; holders have conversion, dividend, and liquidation rights.
- Underwriting led by Goldman Sachs, BofA, Citigroup, J.P. Morgan; proceeds not specified but total depositary shares represent $5.75B liquidation preference.

## SEC filing metadata
- accession: 0001193125-24-248743
- form_type: 8-K
- ticker: BA
- cik: 0000012927
- company_name: BOEING CO
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/12927/000119312524248743/0001193125-24-248743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/12927/000119312524248743/d750441d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-248743
- JSON: https://secwatch.observer/filing/0001193125-24-248743.json
- Plain text: https://secwatch.observer/filing/0001193125-24-248743.txt

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