Goldman Sachs Files 8-K on Preferred Stock and Capital Securities

TL;DR

GS filed an 8-K on preferred stock and capital securities voting matters.

AI Summary

Goldman Sachs Group Inc. filed an 8-K on April 25, 2024, reporting on the submission of matters to a vote of security holders. The filing specifically details information regarding their Depositary Shares, each representing a 1/1,000th interest in a share of 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K, and 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II.

Why It Matters

This filing provides crucial information for investors holding or considering Goldman Sachs' preferred stock and capital securities, impacting their understanding of voting rights and associated financial instruments.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of matters submitted to security holders, not indicating any immediate financial distress or significant operational change.

Key Numbers

• 6.375% — Series K Preferred Stock Rate (Represents the fixed dividend rate on a specific class of preferred stock.)
• 5.793% — Capital II Securities Rate (Represents the fixed dividend rate on a specific capital security issuance.)

Key Players & Entities

• GOLDMAN SACHS GROUP INC (company) — Filer
• 6.375% (dollar_amount) — Fixed dividend rate for Series K Preferred Stock
• 5.793% (dollar_amount) — Fixed dividend rate for Capital II Securities
• 20240425 (date) — Filing date

FAQ

Filing Documents

• d818233d8k.htm (8-K) — 76KB
• 0001193125-24-113922.txt ( ) — 281KB
• gs-20240424.xsd (EX-101.SCH) — 5KB
• gs-20240424_def.xml (EX-101.DEF) — 16KB
• gs-20240424_lab.xml (EX-101.LAB) — 29KB
• gs-20240424_pre.xml (EX-101.PRE) — 18KB
• d818233d8k_htm.xml (XML) — 16KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 24, 2024 Commission File Number: 001-14965 The Goldman Sachs Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-4019460 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 200 West Street , New York , N.Y. 10282 (Address of principal executive offices) (Zip Code) (212) 902-1000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Exchange on which registered Common stock, par value $.01 per share GS NYSE Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series A GS PrA NYSE Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series C GS PrC NYSE Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series D GS PrD NYSE Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K GS PrK NYSE 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II GS/43PE NYSE Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital III GS/43PF NYSE Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due March 2031 of GS Finance Corp. GS/31B NYSE Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due May 2031 of GS Finance Corp. GS/31X NYSE Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.07 Submission of Matters to a Vote of Security Holders. (a)The Annual Meeting was held on April 24, 2024. (b)The results of the matters submitted to a shareholder vote at the Annual Meeting were as follows: 1.Election of Directors: Our shareholders elected the following 11 directors to each serve a one-year term expiring on the date of our 2025 annual meeting of shareholders or until his or her successor has been duly chosen and qualified. For Against Abstain Broker Non-Votes Michele Burns 224,747,320 9,311,838 243,373 41,558,783 Mark Flaherty 227,569,974 6,482,015 250,542 41,558,783 Kimberley Harris 225,325,856 8,741,994 234,681 41,558,783 Kevin Johnson 228,961,681 5,037,361 303,489 41,558,783 Ellen Kullman 225,099,124 8,960,237 243,170 41,558,783 Lakshmi Mittal 214,152,758 19,874,413 275,360 41,558,783 Thomas Montag 232,764,390 1,253,465 284,676 41,558,783 Peter Oppenheimer 226,883,909 7,179,130 239,492 41,558,783 David Solomon 222,801,655 10,954,818 546,058 41,558,783 Jan Tighe 230,179,746 3,872,889 249,896 41,558,783 David Viniar 223,769,848 10,322,726 209,957 41,558,783 2.Advisory Vote to Approve Executive Compensation ("Say on Pay"): Our shareholders approved the Say on Pay proposal. For Against Abstain Broker Non-Votes 202,065,049 31,825,507 411,975 41,558,783 3. Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm: Our shareholders ratified the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2024. For Against Abstain 260,927,905 14,298,215 635,194 4. Shareholder Proposal Regarding a Policy for an Independent Chair. Our shareholders did not approve this proposal. For Against Abstain Broker Non-Votes 78,198,057 153,955,087 2,149,387 41,558,783 5. Sharehol

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View this 8-K filing on SEC EDGAR