KeyCorp Files 8-K on Preferred Stock Depositary Shares
Ticker: KEY-PL · Form: 8-K · Filed: Feb 28, 2024 · CIK: 91576
Sentiment: neutral
Topics: Preferred Stock, SEC Filing, Corporate Action
Related Tickers: KEY
TL;DR
**KeyCorp just filed an 8-K updating details on its various preferred stock depositary shares.**
AI Summary
KEYCORP /NEW/ filed an 8-K on February 28, 2024, providing information regarding its Depositary Shares. These shares each represent a 1/40th interest in various series of its Perpetual Non-Cumulative Preferred Stock, specifically mentioning Series E (Fixed-to-Floating Rate), Series F (Fixed Rate), Series G (Fixed Rate), and Series H (Fixed Rate Reset). The filing updates details concerning these specific financial instruments.
Why It Matters
This filing provides updated information on KeyCorp's preferred stock instruments, which can be important for investors holding these specific securities by clarifying their terms and existence.
Risk Assessment
Risk Level: low — This 8-K appears to be an administrative filing providing information about existing securities rather than announcing a significant new event or financial change.
Key Players & Entities
- KEYCORP /NEW/ (company) — filer
- Depositary Shares (financial_instrument) — subject of filing
- Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (financial_instrument) — underlying security
- Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (financial_instrument) — underlying security
- Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (financial_instrument) — underlying security
- Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (financial_instrument) — underlying security
- February 28, 2024 (date) — filing date
FAQ
What company filed this 8-K?
KEYCORP /NEW/ filed this 8-K.
What is the filing date of this 8-K?
The filing date for this 8-K is February 28, 2024.
What type of securities are primarily discussed in this filing?
The filing primarily discusses Depositary Shares, each representing a 1/40th interest in various series of Preferred Stock.
Which specific series of Preferred Stock are mentioned in relation to the Depositary Shares?
The filing mentions Series E (Fixed-to-Floating Rate), Series F (Fixed Rate), Series G (Fixed Rate), and Series H (Fixed Rate Reset) Perpetual Non-Cumulative Preferred Stock.
What is the Central Index Key (CIK) for KEYCORP /NEW/?
The Central Index Key (CIK) for KEYCORP /NEW/ is 0000091576.
Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-02-28 17:09:09
Key Financial Figures
- $1 — ge on which registered Common Shares, $1 par value KEY New York Stock Exchan
- $1,000,000,000 — 8, 2024, KeyCorp (the "Company") issued $1,000,000,000 aggregate principal amount of its 6.401
Filing Documents
- d801927d8k.htm (8-K) — 33KB
- d801927dex51.htm (EX-5.1) — 10KB
- g801927dsp5.jpg (GRAPHIC) — 8KB
- g801927g0228112341053.jpg (GRAPHIC) — 2KB
- 0001193125-24-050870.txt ( ) — 245KB
- key-20240228.xsd (EX-101.SCH) — 6KB
- key-20240228_def.xml (EX-101.DEF) — 15KB
- key-20240228_lab.xml (EX-101.LAB) — 27KB
- key-20240228_pre.xml (EX-101.PRE) — 16KB
- d801927d8k_htm.xml (XML) — 11KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 5.1 Opinion of Squire Patton Boggs (US) LLP as to the validity of the Notes. 104 Cover Page Interactive Data File (embedded within Inline XBRL document). 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 thereunto duly authorized. KEYCORP Date: February 28, 2024 /s/ James L. Waters By: James L. Waters General Counsel and Secretary