BDX files preferred stock designation for spin-off of Biosciences business; issues 27.5 Series D shares

BECTON DICKINSON & CO

Filed Certificate of Designation for Series D Junior Participating Redeemable Preferred Stock.
Issued 27.5159 Preferred Shares to deferral plan trusts in exchange for 275,159 common shares at 1:10,000 ratio.
Exchange ensures trust holders do not receive SpinCo common stock in the planned Waters combination.
Preferred shares are redeemable for common stock; automatic redemption if spin-off closes.
Spin-off will combine Augusta SpinCo Corp. (Biosciences & Diagnostic Solutions) with Waters Corporation.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BECTON DICKINSON & CO: Filed Certificate of Designation of Series D Junior Participating Redeemable Preferred Stock (effective 2026-01-30).

Change: charter amendment
Effective: 2026-01-30

Exact text from the filing

On January 30, 2026, the Company filed with the Secretary of State of the State of New Jersey a Certificate of Designation (the “Certificate of Designation”) of Series D Junior Participating Redeemable Preferred Stock ("Series D Preferred Stock").

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Source: SEC EDGAR

accession 0001193125-26-039448

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