KeyCorp Files 8-K on Preferred Stock Series E
Ticker: KEY-PL · Form: 8-K · Filed: Aug 12, 2024 · CIK: 91576
| Field | Detail |
|---|---|
| Company | Keycorp /New/ (KEY-PL) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $1, $2.8 billion, $17.17 |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, disclosure
Related Tickers: KEY
TL;DR
KEYCorp filed an 8-K on Aug 12, 2024, about its Series E preferred stock.
AI Summary
KeyCorp filed an 8-K on August 12, 2024, to disclose information regarding its Depositary Shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E. The filing also references other series of preferred stock, including Series F, G, and H. This filing is primarily for informational purposes related to these preferred stock issuances.
Why It Matters
This filing provides transparency for investors holding or considering KeyCorp's preferred stock, detailing the structure and terms of specific series.
Risk Assessment
Risk Level: low — The filing is informational and does not appear to announce any new material events, debt issuances, or significant financial changes.
Key Players & Entities
- KEYCORP (company) — Filer of the 8-K
- Series E (preferred_stock) — Specific series of preferred stock mentioned
- Series F (preferred_stock) — Other preferred stock series referenced
- Series G (preferred_stock) — Other preferred stock series referenced
- Series H (preferred_stock) — Other preferred stock series referenced
FAQ
What is the primary purpose of this 8-K filing for KeyCorp?
The primary purpose is to disclose information regarding its Depositary Shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E, as well as referencing other preferred stock series.
What specific type of security is being detailed in the filing?
The filing details Depositary Shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E.
On what date was this 8-K filing submitted?
The 8-K filing was submitted on August 12, 2024.
Besides Series E, what other preferred stock series are mentioned in the filing?
The filing also references Series F, Series G, and Series H of Fixed Rate Perpetual Non-Cumulative Preferred Stock.
What is the par value associated with KeyCorp's common shares mentioned in the filing?
The filing mentions 'key:CommonShares1ParValueMember' but does not explicitly state a dollar amount for the par value in the provided text.
Filing Stats: 1,583 words · 6 min read · ~5 pages · Grade level 15.4 · Accepted 2024-08-12 06:08:32
Key Financial Figures
- $1 — nge on which registered Common Shares, $1 par value KEY New York Stock Exchan
- $2.8 billion — estment in the Company of approximately $2.8 billion by acquiring a number of the Company's
- $17.17 — ny's common shares for a fixed price of $17.17 per share that on a post-transaction ba
Filing Documents
- d876079d8k.htm (8-K) — 43KB
- d876079dex991.htm (EX-99.1) — 13KB
- d876079dex992.htm (EX-99.2) — 20KB
- g876079ex99_2s10g1.jpg (GRAPHIC) — 78KB
- g876079ex99_2s11g1.jpg (GRAPHIC) — 33KB
- g876079ex99_2s12g1.jpg (GRAPHIC) — 71KB
- g876079ex99_2s1g1.jpg (GRAPHIC) — 51KB
- g876079ex99_2s2g1.jpg (GRAPHIC) — 156KB
- g876079ex99_2s3g1.jpg (GRAPHIC) — 127KB
- g876079ex99_2s4g1.jpg (GRAPHIC) — 88KB
- g876079ex99_2s5g1.jpg (GRAPHIC) — 128KB
- g876079ex99_2s6g1.jpg (GRAPHIC) — 93KB
- g876079ex99_2s7g1.jpg (GRAPHIC) — 110KB
- g876079ex99_2s8g1.jpg (GRAPHIC) — 90KB
- g876079ex99_2s9g1.jpg (GRAPHIC) — 73KB
- g876079g0812090516515.jpg (GRAPHIC) — 2KB
- g876079g0812091832111.jpg (GRAPHIC) — 2KB
- 0001193125-24-198310.txt ( ) — 1795KB
- key-20240812.xsd (EX-101.SCH) — 6KB
- key-20240812_def.xml (EX-101.DEF) — 15KB
- key-20240812_lab.xml (EX-101.LAB) — 27KB
- key-20240812_pre.xml (EX-101.PRE) — 16KB
- d876079d8k_htm.xml (XML) — 11KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits 99.1 Press Release of the Company, dated August 12, 2024. 99.2 Investor Presentation of the Company, dated August 12, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Cautionary Note Regarding Forward-Looking Statements From time to time, the Company has made or will make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not relate strictly to historical or current facts. Forward-looking statements usually can be identified by the use of words such as "outlook," "goal," "objective," "plan," "expect," "anticipate," "intend," "project," "believe," "estimate," "potential," "contemplate," "explore," or other words of similar meaning. Forward-looking statements provide the Company's current expectations or forecasts of future events, circumstances, results or aspirations. The Company's disclosures in this report contain forward-looking statements. The Company may also make forward-looking statements in other documents filed with or furnished to the Securities and Exchange Commission ("SEC"). In addition, the Company may make forward-looking statements orally to analysts, investors, representatives of the media and others. Forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, many of which are outside of the Company's control. The Company's actual results may differ materially from those set forth in the Company's forward-looking statements. There is no assurance that any list of risks and uncertainties or risk factors is complete. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this report can or will be achieved. Factors that could cause the Company's actual results to differ from those described in forward-looking statements include, but are not limited to: (i) th