Charles Schwab files Certificate of Elimination for Series I Preferred Stock

SCHWAB CHARLES CORP

Filed on June 1, 2026 to eliminate the 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I.
Effective upon filing, all matters set forth in the Certificate of Designations for Series I were removed from the charter.
The elimination appears to be a capital structure cleanup with no financial impact disclosed.
No associated press release; only the Certificate of Elimination (Exhibit 3.1) was filed.

Key facts

Extracted from this filing and checked against the source text.

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

SCHWAB CHARLES CORP: Certificate of Elimination filed to remove all matters related to Series I Preferred Stock from the certificate of incorporation (effective 2026-06-01).

Change: charter amendment
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026, The Charles Schwab Corporation (the “Company”) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series I Preferred Stock.

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Source: SEC EDGAR

accession 0001193125-26-251689

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