Lincoln National Corp Files 8-K on Preferred Stock
Ticker: LNC-PD · Form: 8-K · Filed: Mar 14, 2024 · CIK: 59558
| Field | Detail |
|---|---|
| Company | Lincoln National Corp (LNC-PD) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $350 million, $250 million, $300 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, disclosure
Related Tickers: LNC
TL;DR
LNC filed an 8-K about its Series D preferred stock.
AI Summary
Lincoln National Corporation filed an 8-K on March 14, 2024, reporting an event on March 11, 2024. The filing primarily concerns depositary shares representing interests in its 9.000% Non-Cumulative Preferred Stock, Series D. No specific financial transactions or new business developments were detailed in the provided text.
Why It Matters
This filing indicates ongoing reporting related to Lincoln National's preferred stock, which is important for investors holding or considering these securities.
Risk Assessment
Risk Level: low — The filing is a routine disclosure regarding existing preferred stock and does not indicate new risks or significant changes.
Key Players & Entities
- Lincoln National Corporation (company) — Registrant
- 9.000% Non-Cumulative Preferred Stock, Series D (security) — Subject of the filing
- March 11, 2024 (date) — Earliest event reported
- March 14, 2024 (date) — Filing date
FAQ
What is the purpose of this 8-K filing for Lincoln National Corporation?
The 8-K filing serves as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, with the earliest reported event date being March 11, 2024, concerning depositary shares representing interests in its 9.000% Non-Cumulative Preferred Stock, Series D.
What specific event occurred on March 11, 2024, that is being reported?
The filing indicates that March 11, 2024, is the date of the earliest event reported, which pertains to Lincoln National Corporation's depositary shares representing interests in its 9.000% Non-Cumulative Preferred Stock, Series D.
What is the ticker symbol for Lincoln National Corporation?
The provided text does not explicitly state the ticker symbol for Lincoln National Corporation.
What is the principal executive office address for Lincoln National Corporation?
The principal executive offices of Lincoln National Corporation are located at 150 N. Radnor Chester Road, Radnor, PA 19087.
What is the stated interest rate for the Series D Preferred Stock mentioned in the filing?
The filing mentions 9.000% Non-Cumulative Preferred Stock, Series D, indicating a 9.000% interest rate.
Filing Stats: 1,616 words · 6 min read · ~5 pages · Grade level 11.6 · Accepted 2024-03-14 17:23:05
Key Financial Figures
- $350 million — terms and conditions set forth therein, $350 million aggregate principal amount of the Compa
- $250 million — interest at a rate of SOFR + 122.5 bps, $250 million of which were outstanding as of March 8
- $300 million — s 3.35% senior notes due 2025, of which $300 million principal amount was outstanding as of
Filing Documents
- d793821d8k.htm (8-K) — 37KB
- d793821dex11.htm (EX-1.1) — 122KB
- d793821dex41.htm (EX-4.1) — 31KB
- d793821dex51.htm (EX-5.1) — 17KB
- d793821dex52.htm (EX-5.2) — 10KB
- g793821g0313105204233.jpg (GRAPHIC) — 4KB
- 0001193125-24-068052.txt ( ) — 428KB
- lnc-20240311.xsd (EX-101.SCH) — 4KB
- lnc-20240311_def.xml (EX-101.DEF) — 13KB
- lnc-20240311_lab.xml (EX-101.LAB) — 21KB
- lnc-20240311_pre.xml (EX-101.PRE) — 14KB
- d793821d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . The following exhibits are provided as part of this Form 8-K: Exhibit No. Description 1.1 Underwriting Agreement, dated March 11, 2024, between the Company and the underwriters named therein.* 4.1 Form of 5.852% Note due 2034. 5.1 Opinion of Eric B. Wilmer, Assistant Vice President and Senior Counsel of Lincoln National Corporation. 5.2 Opinion of Wachtell, Lipton, Rosen & Katz, dated March 14, 2024, with respect to the Notes. 23.1 Consent of Eric B. Wilmer (included in Exhibit 5.1 of this Current Report on Form 8-K). 23.2 Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 5.2 of this Current Report on Form 8-K). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain annexes omitted pursuant to Item 601(a)(5) of Regulation S-K. Lincoln Financial Corporation agrees to furnish supplementally a copy of any omitted annex to the SEC upon request; provided, however, that Lincoln may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any item so furnished.
SIGNATURES
SIGNATURES 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. LINCOLN NATIONAL CORPORATION By /s/ Adam M. Cohen Name: Adam M. Cohen Title: Senior Vice President, Chief Accounting Officer and Treasurer Date: March 14, 2024