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AI brief of an SEC Form 8-K · BNY Mellon (BNY)

BNY issues Series O preferred stock, 1.25 million depositary shares offered

Neutral Impact 3 of 5 financing

Bank of New York Mellon filed documents establishing and issuing a new Series O Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share. The filing also covers an underwriting agreement dated October 19, 2026 for a public offering of 1,250,000 depositary shares, each representing a 1/100th interest in a Series O preferred share. The new terms restrict common dividends and buybacks if preferred dividends are not declared and paid for the last preceding dividend period.

Key points

  • Certificate of Designations filed in Delaware on October 27, 2026, effective upon filing
  • Underwriting agreement dated October 19, 2026 covers 1,250,000 depositary shares
  • Series O preferred liquidation preference is $100,000 per share, par value $0.01
  • Common dividends and repurchases are restricted if Series O preferred dividends are not declared and paid

The filing

CompanyBNY Mellon (BNY)
Form8-K, current report
Filed with the SECOct 28, 2026, 5:00 PM ET
Accession number0001193125-26-436302

Items reported: 3.03 Change to Shareholder Rights5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.