secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001193125-25-107601
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

WESCO to redeem all Series A Preferred Stock on June 22, 2025; expects $30M gain
--------------------------------------------------------------------------------

- Redemption of all 21,611,471 depositary shares (21,611.471 preferred shares) at $25.59765625 per depositary share, including accrued dividends.
- Redemption date June 22, 2025; dividends cease after that date and shares no longer outstanding.
- Company expects to record a gain of ~$30 million to net income attributable to common stockholders in Q2 2025.
- Redemption eliminates the 10.625% fixed-rate perpetual preferred stock, reducing future dividend obligations.
- Payment upon surrender of depositary receipts; book-entry holders will be automatically paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000119312525107601/0001193125-25-107601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000119312525107601/d880920d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-107601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer