secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001193125-25-020830
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street issues 750,000 depositary shares at $1,000 each, net proceeds ~$743M
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- Offering of Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K; liquidation preference $100,000/share.
- Net proceeds of approximately $743.1 million after underwriting discount and offering expenses.
- Underwriting agreement with BofA Securities and Morgan Stanley as representatives of the underwriters.
- Each depositary share represents a 1/100th interest in one share of Series K preferred stock.
- Articles of amendment filed to fix designations and preferences of the new Series K preferred stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000119312525020830/0001193125-25-020830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000119312525020830/d122891d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-020830

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