KeyCorp Files 8-K on Preferred Stock Series E, F, G, H
Ticker: KEY-PL · Form: 8-K · Filed: Aug 30, 2024 · CIK: 91576
Sentiment: neutral
Topics: preferred-stock, capital-structure, filing
Related Tickers: KEY
TL;DR
KEY files 8-K on preferred stock series E, F, G, H. Details on capital structure.
AI Summary
KeyCorp filed an 8-K on August 30, 2024, to report 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 includes information on Series F, G, and H preferred stock.
Why It Matters
This filing provides crucial details about KeyCorp's preferred stock offerings, which are important for investors and analysts tracking the company's capital structure and financial health.
Risk Assessment
Risk Level: low — This is a routine filing related to preferred stock, not indicating any immediate financial distress or significant operational changes.
Key Players & Entities
- KEYCORP (company) — Filer of the 8-K
- Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (security) — Subject of the filing
- Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (security) — Mentioned in the filing
- Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (security) — Mentioned in the filing
- Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (security) — Mentioned in the filing
FAQ
What is the primary purpose of this 8-K filing for KeyCorp?
The primary purpose is to report information regarding its Depositary Shares, each representing a 1/40th interest in various series of its Perpetual Non-Cumulative Preferred Stock (Series E, F, G, and H).
What specific types of preferred stock are mentioned in the filing?
The filing mentions Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E, and Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F and G, as well as Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H.
What is the date of this 8-K filing?
The filing date is August 30, 2024.
What is the relationship between the Depositary Shares and the Preferred Stock?
Each Depositary Share represents a 1/40th interest in a share of the specified series of Preferred Stock.
Does this filing indicate any new debt issuance or equity offering by KeyCorp?
The filing specifically pertains to preferred stock and depositary shares, not new debt issuance or common equity offerings.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-08-30 16:14:04
Key Financial Figures
- $1 — ge on which registered Common Shares, $1 par value KEY New York Stock Exchan
- $0.8 billion — 24, with an investment of approximately $0.8 billion. With this investment, The Bank of Nova
Filing Documents
- d851609d8k.htm (8-K) — 33KB
- d851609dex991.htm (EX-99.1) — 7KB
- g851609g0829202338937.jpg (GRAPHIC) — 2KB
- g851609g0829202939349.jpg (GRAPHIC) — 2KB
- 0001193125-24-211094.txt ( ) — 232KB
- key-20240830.xsd (EX-101.SCH) — 6KB
- key-20240830_def.xml (EX-101.DEF) — 15KB
- key-20240830_lab.xml (EX-101.LAB) — 27KB
- key-20240830_pre.xml (EX-101.PRE) — 16KB
- d851609d8k_htm.xml (XML) — 11KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits 99.1 Press Release dated August 30, 2024. 104 Cover Page Interactive Data File (embedded within the 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 hereunto duly authorized. KEYCORP Date: August 30, 2024 /s/ Andrea R. McCarthy Name: Andrea R. McCarthy Title: Assistant Secretary