secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001193125-25-021776
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street issues $750M Series K Preferred Stock, raising ~$743.1M net
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- 750,000 depositary shares sold, each representing 1/100th interest in a Series K Preferred share with $100,000 liquidation preference.
- Net proceeds of approximately $743.1M after underwriting discount and expenses.
- Underwriting agreement with BofA Securities and Morgan Stanley & Co. LLC as representatives.
- Series K Preferred Stock is Fixed Rate Reset, Non-Cumulative, Perpetual; created via Articles of Amendment filed Jan 31, 2025.
- Deposit agreement with Equiniti Trust Company, LLC dated Feb 6, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000119312525021776/0001193125-25-021776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000119312525021776/d918578d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-021776

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