Wells Fargo & Company Reports Charter Amendment Related to Preferred Stock
Summary
Wells Fargo & Company reported the redemption of all 140,400 outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, on March 15, 2026 (via Ex. 3.1). Following this, on March 17, 2026, the company filed a Certificate Eliminating the Certificate of Designation for the Series BB Preferred Stock with the Delaware Secretary of State. This filing formally removed all matters related to the Series BB Preferred from the company's Restated Certificate of Incorporation.
Why It Matters
This action, detailed in Exhibit 3.1, formally removes the Series BB Preferred Stock from the company's Restated Certificate of Incorporation after all shares were redeemed, simplifying the company's capital structure.
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Key Quote
“On March 17, 2026, Wells Fargo & Company (the "Company") filed with the Delaware Secretary of State a Certificate Eliminating the Certificate of Designation with respect to the Company's 3.”
— From Item 5.03
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000072971
- Filing Date
- Tuesday, March 17, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- medium
- Sentiment
- positive