BNY Mellon plans new Series L preferred offering

The Bank of New York Mellon Corporation has launched a proposed public offering of depositary shares, with each depositary share representing a 1/100th interest in a new series of Series L Noncumulative Perpetual Preferred Stock.

Rhea-AI Filing Summary

The Bank of New York Mellon Corporation has launched a proposed public offering of depositary shares, with each depositary share representing a 1/100th interest in a new series of Series L Noncumulative Perpetual Preferred Stock. Pricing for this offering has not yet occurred, and closing is not assured.

If the offering is priced and completed, the company plans to use the net proceeds for general corporate purposes, which may include redeeming its Series H Noncumulative Perpetual Preferred Stock on the dividend payment date in March 2026. The company also expects, but is not obligated, to redeem some or all of its outstanding Series G Noncumulative Perpetual Preferred Stock on the dividend payment date in September 2025. Any redemptions and the completion of the offering remain subject to market conditions and other considerations, and formal redemption would require a separate notice.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What capital raising action did BK disclose in this 8-K?

The Bank of New York Mellon Corporation disclosed the launch of a proposed public offering of depositary shares, each representing a 1/100th interest in a new series of Series L Noncumulative Perpetual Preferred Stock.

What are the potential uses of proceeds from BK's proposed preferred offering?

If the offering is priced and completed, BK intends to use the net proceeds for general corporate purposes, which may include redeeming its Series H Noncumulative Perpetual Preferred Stock on the dividend payment date in March 2026.

How could this offering affect BK's existing preferred stock series?

The company states it may use offering proceeds to redeem its Series H preferred stock in March 2026 and that it also expects, but is not obligated, to redeem some or all of its Series G preferred stock on the dividend payment date in September 2025, subject to market conditions and other considerations.

Is BK obligated to redeem its Series G and Series H preferred stock?

No. BK notes there is no assurance it will redeem the Series G or Series H preferred stock, and this disclosure does not constitute a notice of redemption. Any actual redemption decision would be announced by press release along with a formal notice of redemption.

Has pricing for BK's proposed Series L depositary share offering been set?

No. The filing states the offering is subject to pricing, which has not yet occurred, and there is no assurance the offering will price and close.

Where is the proposed BK preferred offering described in more detail?

The proposed offering is described in the company’s preliminary prospectus supplement dated September 3, 2025, which was filed with the Securities and Exchange Commission on that date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 09/03/2025 - 08:41 AM Learn about SEC filing dates

Bank of New York Mellon Corp 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV (fully and unconditionally guaranteed by The Bank of New York false 0001390777 0001390777 2025-09-03 2025-09-03 0001390777 us-gaap:CommonStockMember 2025-09-03 2025-09-03 0001390777 us-gaap:PreferredStockMember 2025-09-03 2025-09-03 0001390777 us-gaap:NoncumulativePreferredStockMember 2025-09-03 2025-09-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 3, 2025

THE BANK OF NEW YORK MELLON CORPORATION

(Exact name of registrant as specified in its charter)

Delaware		001-35651		13-2614959
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

240 Greenwich Street New York, New York		10286
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 495-1784

Not Applicable

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value		BK		New York Stock Exchange
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV (fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)		BK/P		New York Stock Exchange
Depositary Shares, each representing a 1/4,000th interest in a share of Series K Noncumulative Perpetual Preferred Stock		BK/PRK		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01. OTHER EVENTS.

On September 3, 2025, The Bank of New York Mellon Corporation (the “Company”) announced the launch of a proposed public offering (the “Offering”) of depositary shares, each representing a 1/100^th interest in a share of its new series of Series L Noncumulative Perpetual Preferred Stock (the “Depositary Shares”). The Offering is subject to pricing, which has not yet occurred. If the Offering is priced and proceeds to closing, the Company intends to use the net proceeds from the sale of the Depositary Shares for general corporate purposes, which may include, but is not limited to, the redemption of its Series H Noncumulative Perpetual Preferred Stock, $100,000 liquidation preference per share (the “Series H Preferred Stock”), on the dividend payment date in March 2026.

The Company also expects, but is not obligated to, redeem some or all of its outstanding Series G Noncumulative Perpetual Preferred Stock, $100,000 liquidation preference per share (the “Series G Preferred Stock”), on the dividend payment date in September 2025.

The pricing of the Offering and whether a redemption of the Series G Preferred Stock or Series H Preferred Stock will occur, is subject to market conditions and other considerations. There is no assurance that the Offering will price and close or that the Company will decide to redeem the Series G Preferred Stock or the Series H Preferred Stock, or, if it does, the amount to be redeemed and the timing of the redemption. This Current Report on Form 8-K does not constitute a notice of redemption with respect to the Series G Preferred Stock or the Series H Preferred Stock. If the Company decides to redeem the Series G Preferred Stock or the Series H Preferred Stock, it intends to announce its decision by press release and an appropriate notice of redemption during the applicable notice window.

The Offering is described in the Company’s preliminary prospectus supplement dated September 3, 2025, filed with the Securities and Exchange Commission today.

This Current Report on Form 8-K does not constitute an offer to sell the Depositary Shares.

Cautionary Note on Forward-Looking Statements

The information contained in this Current Report on Form 8-K contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the Company’s expectations regarding the completion of, and the use of proceeds from, the Offering, and the redemption of the Series G Preferred Stock and the Series H Preferred Stock. These statements are based upon the Company’s current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond the Company’s control). Actual outcomes may differ materially from those expressed or implied as a result of risks and uncertainties, including, but not limited to, the risk factors and other uncertainties set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. All statements in this Current Report on Form 8-K speak only as of the date of this filing, and the Company undertakes no obligation to update the information to reflect events or circumstances that arise after that date or to reflect the occurrence of unanticipated events.

2

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.

		The Bank of New York Mellon Corporation   (Registrant)
Date: September 3, 2025		By:		/s/ Jean Weng
		Name:		Jean Weng
		Title:		Secretary

3