Goldman Sachs 8-K: Preferred Securities Update
Ticker: GSCE · Form: 8-K · Filed: Jan 24, 2025 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-securities, rights-modification, corporate-action
Related Tickers: GS
TL;DR
GS filed an 8-K on 1/21/25 about preferred securities changes - check your holdings!
AI Summary
On January 21, 2025, Goldman Sachs Group Inc. filed an 8-K detailing material modifications to the rights of security holders. This filing specifically addresses changes related to "5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II". The document also includes amendments to articles of incorporation or bylaws and financial statements.
Why It Matters
This filing indicates potential changes in the terms or rights associated with specific preferred securities, which could impact investors holding these instruments.
Risk Assessment
Risk Level: medium — Changes to preferred securities can affect their value and the rights of holders, requiring investor attention.
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 (security) — Subject of filing
- 20250121 (date) — Report date
- 20250124 (date) — Filing date
FAQ
What specific rights of security holders were materially modified?
The filing indicates material modifications to the rights of security holders concerning the '5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II'.
What is the ticker symbol for Goldman Sachs Group Inc.?
The filing does not explicitly state the ticker symbol, but Goldman Sachs Group Inc. is a publicly traded company.
When was this 8-K filing submitted?
This 8-K filing was submitted on January 24, 2025.
What other items are included in this 8-K filing besides modifications to security holder rights?
This 8-K filing also includes amendments to articles of incorporation or bylaws and financial statements.
What is the fiscal year end for Goldman Sachs Group Inc.?
The fiscal year end for Goldman Sachs Group Inc. is December 31.
Filing Stats: 825 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2025-01-24 16:26:38
Key Financial Figures
- $25,000 — Stock, Series Z, liquidation preference $25,000 per share (the "Series Z Preferred Stoc
Filing Documents
- d910407d8k.htm (8-K) — 44KB
- d910407dex31.htm (EX-3.1) — 57KB
- d910407dex42.htm (EX-4.2) — 15KB
- d910407dex51.htm (EX-5.1) — 11KB
- 0001193125-25-012226.txt ( ) — 354KB
- gs-20250121.xsd (EX-101.SCH) — 6KB
- gs-20250121_def.xml (EX-101.DEF) — 16KB
- gs-20250121_lab.xml (EX-101.LAB) — 29KB
- gs-20250121_pre.xml (EX-101.PRE) — 18KB
- d910407d8k_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 Z Preferred Stock. 4.2 Form of certificate representing the Series Z Preferred Stock. 5.1 Opinion of Sullivan & Cromwell LLP relating to the depositary shares representing interests in the Registrant's Series Z 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: January 24, 2025 By: /s/ Matthew E. Tropp Name: Matthew E. Tropp Title: Assistant Secretary