M&T Bank Corp Amends Charter for Stock Reclassification
Ticker: MTB-PK · Form: 8-K · Filed: May 13, 2024 · CIK: 36270
Sentiment: neutral
Topics: corporate-action, stock-reclassification, amendment
Related Tickers: MTB
TL;DR
M&T Bank reclassified its common and Series H preferred stock on May 9, 2024.
AI Summary
On May 9, 2024, M&T Bank Corporation filed an 8-K report detailing amendments to its Certificate of Incorporation. These amendments relate to the reclassification of its common stock and Series H Preferred Stock, effective May 9, 2024. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a change in the structure or rights associated with M&T Bank's common and preferred stock, which could impact investors' understanding of their holdings.
Risk Assessment
Risk Level: low — The filing is a routine corporate action related to stock reclassification and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- M&T BANK CORP (company) — Registrant
- May 9, 2024 (date) — Effective date of amendments
- New York (jurisdiction) — State of incorporation
- 0000036270 (company_id) — Central Index Key
FAQ
What specific changes were made to M&T Bank Corporation's Certificate of Incorporation?
The filing indicates amendments related to the reclassification of its common stock and Series H Preferred Stock.
When did these amendments become effective?
The amendments became effective on May 9, 2024.
What is the Central Index Key for M&T Bank Corporation?
The Central Index Key for M&T Bank Corporation is 0000036270.
In which state is M&T Bank Corporation incorporated?
M&T Bank Corporation is incorporated in New York.
What type of report is this filing?
This filing is a Current Report on Form 8-K.
Filing Stats: 1,605 words · 6 min read · ~5 pages · Grade level 11.4 · Accepted 2024-05-13 16:36:15
Key Financial Figures
- $1.00 — ve Preferred Stock, Series J, par value $1.00 per share, liquidation preference $10,0
- $10,000 — $1.00 per share, liquidation preference $10,000 per share (the "Series J Preferred Stoc
- $25 — Series J Preferred Stock (equivalent to $25 per Depositary Share). If declared by M
Filing Documents
- d800336d8k.htm (8-K) — 39KB
- d800336dex11.htm (EX-1.1) — 175KB
- d800336dex31.htm (EX-3.1) — 54KB
- d800336dex41.htm (EX-4.1) — 189KB
- d800336dex51.htm (EX-5.1) — 13KB
- g800336g0511071644254.jpg (GRAPHIC) — 3KB
- 0001193125-24-137273.txt ( ) — 740KB
- mtb-20240509.xsd (EX-101.SCH) — 4KB
- mtb-20240509_def.xml (EX-101.DEF) — 13KB
- mtb-20240509_lab.xml (EX-101.LAB) — 22KB
- mtb-20240509_pre.xml (EX-101.PRE) — 14KB
- d800336d8k_htm.xml (XML) — 6KB
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Description of Exhibit 1.1 Underwriting Agreement, dated as of May 6, 2024, by and between M&T Bank Corporation and Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule A thereto. 3.1 Certificate of Amendment to Restated Certificate of Incorporation of M&T Bank Corporation, with respect to Perpetual 7.500% Non-Cumulative Preferred Stock, Series J, filed with the New York Department of State on May 9, 2024. 4.1 Deposit Agreement, dated as of May 13, 2024, among M&T Bank Corporation, Computershare Inc., Computershare Trust Company, N.A. and the holders from time to time of the depositary receipts described therein. 4.2 Form of Depositary Receipt Representing the Depositary Shares (included as part of Exhibit 4.1) 5.1 Opinion of Squire Patton Boggs (US) LLP 23.1 Consent of Squire Patton Boggs (US) LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. M&T Bank Corporation Date: May 13, 2024 By: /s/ Daryl N. Bible Name: Daryl N. Bible Title: Senior Executive Vice President and Chief Financial Officer