US Bancorp Files 8-K on Preferred Stock and Depositary Shares
Ticker: USB-PQ · Form: 8-K · Filed: Feb 21, 2024 · CIK: 36104
Sentiment: neutral
Topics: preferred-stock, capital-structure, disclosure
TL;DR
**US Bancorp just filed an 8-K detailing its preferred stock and depositary shares, giving a peek into its capital structure.**
AI Summary
US BANCORP \DE\ filed an 8-K on February 21, 2024, under Regulation FD Disclosure and Financial Statements and Exhibits. The filing specifically mentions Depositary Shares, each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00. The document also references various series of preferred stock, including Series A, B, K, L, M, O, and Series X, all dated February 21, 2024.
Why It Matters
This filing provides transparency regarding US Bancorp's capital structure, specifically its preferred stock and depositary shares, which can impact investor perception and financial stability.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of existing securities and does not indicate any immediate financial distress or significant new risks.
Key Numbers
- $1.00 — Par Value (Par value per share of Series A Preferred Stock)
- 1/100th — Interest (Interest represented by each Depositary Share)
Key Players & Entities
- US BANCORP \DE\ (company) — Filer of the 8-K
- $1.00 (dollar_amount) — Par value of Series A Non-Cumulative Perpetual Preferred Stock
- February 21, 2024 (date) — Filing date and date of referenced securities
- Series A Non-Cumulative Perpetual Preferred Stock (company) — Type of preferred stock referenced
FAQ
What is the purpose of this 8-K filing by US BANCORP \DE\?
The 8-K filing by US BANCORP \DE\ on February 21, 2024, is for Regulation FD Disclosure and Financial Statements and Exhibits, specifically detailing Depositary Shares and various series of preferred stock.
What do the Depositary Shares represent?
Each Depositary Share represents a 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, which has a par value of $1.00.
Which series of preferred stock are mentioned in the filing?
The filing mentions Series A, Series B, Series K, Series L, Series M, Series O, and Series X preferred stock.
What is the par value of the Series A Non-Cumulative Perpetual Preferred Stock?
The par value of the Series A Non-Cumulative Perpetual Preferred Stock is $1.00 per share.
When was this 8-K filed and what is the conformed period of report?
This 8-K was filed on February 21, 2024, and the conformed period of report is also February 21, 2024.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-02-21 17:13:29
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
Filing Documents
- d781449d8k.htm (8-K) — 36KB
- d781449dex991.htm (EX-99.1) — 16KB
- g781449ex99_1p10g1.jpg (GRAPHIC) — 183KB
- g781449ex99_1p11g1.jpg (GRAPHIC) — 83KB
- g781449ex99_1p12g1.jpg (GRAPHIC) — 181KB
- g781449ex99_1p1g1.jpg (GRAPHIC) — 145KB
- g781449ex99_1p2g1.jpg (GRAPHIC) — 515KB
- g781449ex99_1p3g1.jpg (GRAPHIC) — 200KB
- g781449ex99_1p4g1.jpg (GRAPHIC) — 248KB
- g781449ex99_1p5g1.jpg (GRAPHIC) — 195KB
- g781449ex99_1p6g1.jpg (GRAPHIC) — 266KB
- g781449ex99_1p7g1.jpg (GRAPHIC) — 272KB
- g781449ex99_1p8g1.jpg (GRAPHIC) — 188KB
- g781449ex99_1p9g1.jpg (GRAPHIC) — 78KB
- 0001193125-24-041600.txt ( ) — 3768KB
- usb-20240221.xsd (EX-101.SCH) — 4KB
- usb-20240221_def.xml (EX-101.DEF) — 15KB
- usb-20240221_lab.xml (EX-101.LAB) — 26KB
- usb-20240221_pre.xml (EX-101.PRE) — 16KB
- d781449d8k_htm.xml (XML) — 13KB
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. U.S. BANCORP By: /s/ James L. Chosy James L. Chosy Senior Executive Vice President and General Counsel Date: February 21, 2024 3