Goldman Sachs Files 8-K on Security Holder Rights
Ticker: GSCE · Form: 8-K · Filed: Sep 26, 2024 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | 8-K |
| Filed Date | Sep 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, rights, amendment
Related Tickers: GS
TL;DR
GS filed an 8-K on 9/26 regarding preferred stock changes - check your holdings!
AI Summary
Goldman Sachs Group Inc. filed an 8-K on September 26, 2024, reporting material modifications to security holder rights and amendments to its articles of incorporation or bylaws. The filing specifically references "5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II" and other preferred stock series, indicating potential changes related to these financial instruments.
Why It Matters
This filing could signal changes in the terms or structure of Goldman Sachs' preferred securities, potentially impacting investors holding these instruments.
Risk Assessment
Risk Level: medium — Changes to security holder rights and preferred stock terms can introduce new risks or alter existing ones for investors.
Key Players & Entities
- GOLDMAN SACHS GROUP INC (company) — Filer
- 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II (dollar_amount) — Specific Security Mentioned
FAQ
What specific modifications were made to the rights of security holders?
The filing indicates material modifications to the rights of security holders, but the specific details of these modifications are not elaborated upon in the provided text, requiring a review of the full document.
Which specific preferred stock series are mentioned in the filing?
The filing mentions "5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II," as well as Series A, Series C, Series D, and Series F floating rate preferred stock.
What is the filing date of this 8-K?
The filing date is September 26, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose is to report material modifications to the rights of security holders and amendments to the company's articles of incorporation or bylaws.
What is the ticker symbol for Goldman Sachs Group Inc.?
While not explicitly stated in the provided text, Goldman Sachs Group Inc. is a publicly traded company and its ticker symbol is commonly known as GS.
Filing Stats: 827 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-09-26 16:44:00
Key Financial Figures
- $25,000 — Stock, Series Y, liquidation preference $25,000 per share (the "Series Y Preferred Stoc
Filing Documents
- d895067d8k.htm (8-K) — 44KB
- d895067dex31.htm (EX-3.1) — 56KB
- d895067dex42.htm (EX-4.2) — 16KB
- d895067dex51.htm (EX-5.1) — 11KB
- 0001193125-24-227000.txt ( ) — 353KB
- gs-20240923.xsd (EX-101.SCH) — 5KB
- gs-20240923_def.xml (EX-101.DEF) — 16KB
- gs-20240923_lab.xml (EX-101.LAB) — 29KB
- gs-20240923_pre.xml (EX-101.PRE) — 18KB
- d895067d8k_htm.xml (XML) — 15KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibits are filed as part of this Report on Form 8-K: 3.1 and 4.1 Certificate of Designations of the Registrant relating to the Series Y Preferred Stock. 4.2 Form of certificate representing the Series Y Preferred Stock. 5.1 Opinion of Sullivan & Cromwell LLP relating to the depositary shares representing interests in the Registrant's Series Y Preferred Stock. 23.1 Consent of Sullivan & Cromwell LLP (included as part of Exhibit 5.1). 101 Pursuant to Rule 406 of Regulation S-T, the cover page information is formatted in iXBRL (Inline eXtensible Business Reporting Language). 104 Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101). SIGNATURE 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. THE GOLDMAN SACHS GROUP, INC. (Registrant) Date: September 26, 2024 By: /s/ Matthew E. Tropp Name: Matthew E. Tropp Title: Assistant Secretary