Comcast Files 8-K: Equity Sales, Bylaw Changes, and Debt Offerings

TL;DR

Comcast dropped an 8-K detailing equity sales, bylaw tweaks, and a bunch of new debt due dates.

AI Summary

Comcast Corp. filed an 8-K on December 15, 2025, reporting on unregistered sales of equity securities and amendments to its articles of incorporation or bylaws. The filing also includes financial statements and exhibits, with specific details on various note issuances due in 2026, 2027, 2029, 2032, 2036, and 2040.

Why It Matters

This filing provides insight into Comcast's capital structure and potential equity issuances, which could impact its financial leverage and shareholder value.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate actions and debt issuances, with no immediate indication of significant financial distress or operational disruption.

Key Numbers

• 2026 — Debt Maturity Year (Indicates upcoming debt obligations for Comcast.)
• 2027 — Debt Maturity Year (Indicates upcoming debt obligations for Comcast.)
• 2029 — Debt Maturity Year (Indicates upcoming debt obligations for Comcast.)
• 2032 — Debt Maturity Year (Indicates upcoming debt obligations for Comcast.)
• 2036 — Debt Maturity Year (Indicates upcoming debt obligations for Comcast.)
• 2040 — Debt Maturity Year (Indicates upcoming debt obligations for Comcast.)

Key Players & Entities

• Comcast Corp. (company) — Filer of the 8-K
• CMCSA:ClassCommonStock0.01ParValueMember (company) — Common stock details
• CMCSA:Sec0.000NotesDue2026Member (company) — Debt issuance due 2026
• CMCSA:Sec0.250NotesDue2027Member (company) — Debt issuance due 2027
• CMCSA:Sec1.500NotesDue2029Member (company) — Debt issuance due 2029
• CMCSA:Sec0.250NotesDue2029Member (company) — Debt issuance due 2029
• CMCSA:Sec0.750NotesDue2032Member (company) — Debt issuance due 2032
• CMCSA:Sec3.250NotesDue2032Member (company) — Debt issuance due 2032
• CMCSA:Sec1.875NotesDue2036Member (company) — Debt issuance due 2036
• CMCSA:Sec3.550NotesDue2036Member (company) — Debt issuance due 2036

FAQ

Key Financial Figures

• $0.01 — hich Registered Class A Common Stock, $0.01 par value CMCSA The Nasdaq Stock Ma

Filing Documents

• dp238434_8k.htm (8-K) — 53KB
• dp238434_ex0301.htm (EX-3.1) — 46KB
• dp238434_ex0302.htm (EX-3.2) — 33KB
• 0000950103-25-016136.txt ( ) — 412KB
• cmcsa-20251215.xsd (EX-101.SCH) — 6KB
• cmcsa-20251215_def.xml (EX-101.DEF) — 30KB
• cmcsa-20251215_lab.xml (EX-101.LAB) — 42KB
• cmcsa-20251215_pre.xml (EX-101.PRE) — 29KB
• dp238434_8k_htm.xml (XML) — 16KB

02

Item 3.02. Unregistered Sales of Equity Securities. The information set forth in Item 5.03 below is incorporated herein by reference.

03

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Amendment and Restatement of Articles . On December 15, 2025, Comcast Corporation ("Comcast") filed Amended and Restated Articles of Incorporation (the "Restated Articles") with the Secretary of State of the Commonwealth of Pennsylvania eliminating from its articles of incorporation (the "Articles") all non-operative references and provisions in the Articles relating to Series A Participating Cumulative Preferred Stock (which has no outstanding shares) and integrating into a single instrument a previous amendment that changed Comcast's registered office provider. The Restated Articles are attached hereto as Exhibit 3.1 and are incorporated herein by reference. Class A Equivalent Stock Designation . In connection with Comcast's planned spin-off of certain cable networks and complementary digital assets through the pro rata distribution of shares of Versant Media Group, Inc. ("SpinCo"), on December 15, 2025, after the filing of the Restated Articles, Comcast filed with the Secretary of State of the Commonwealth of Pennsylvania Articles of Amendment to the Restated Articles (the "Designation Amendment") to designate a new Class A Equivalent Preferred Stock (the "Preferred Shares"). The Designation Amendment was adopted by resolution of Comcast's Board of Directors (the "Board") pursuant to the Restated Articles, which vest in the Board the authority to provide for the authorization and issuance of one or more series of preferred stock within the limitations and restrictions set forth in the Restated Articles. On December 15, 2025, Comcast entered into an exchange agreement with certain of its wholly-owned subsidiaries (the "Exchange Parties") pursuant to which Comcast issued, for each share of Class A Common Stock of Comcast currently held by the Exchange Parties, 0.001 Preferred Shares (such transaction, the "Exchange") in reliance on the exemption from registration provided

01(d). Exhibits

Item 9.01(d). Exhibits. Exhibit Number Description 3.1 Amended and Restated Articles of Incorporation 3.2 Amendment to Amended and Restated Articles of Incorporation designating Class A Equivalent Preferred Stock 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMCAST CORPORATION Date: December 15, 2025 By: /s/ Elizabeth Wideman Name: Elizabeth Wideman Title: Senior Vice President, Senior Deputy General Counsel and Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR