BNY Mellon eliminates Series H preferred stock
The Bank of New York Mellon Corporation has formalized the removal of a retired preferred stock series from its charter.
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Form Type
8-K
Rhea-AI Filing Summary
The Bank of New York Mellon Corporation has formalized the removal of a retired preferred stock series from its charter. On June 23, 2026, the company filed a Certificate of Elimination to its Restated Certificate of Incorporation in Delaware, eliminating provisions for its Series H Noncumulative Perpetual Preferred Stock.
All outstanding shares of the Series H preferred stock had already been fully redeemed on June 20, 2026. The Certificate of Elimination, dated June 23, 2026, is included as an exhibit and reflects that this preferred series is no longer part of the company’s authorized preferred stock designations.
8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Terms
Certificate of Elimination, Series H Noncumulative Perpetual Preferred Stock, Restated Certificate of Incorporation, Certificate of Designations, +1 more
5 terms
Certificate of Elimination regulatory
"filed a Certificate of Elimination to its Restated Certificate of Incorporation"
An official document issued by a public health or regulatory authority stating that a particular disease, contaminant, or hazard has been removed or is no longer present at detectable levels within a defined area or system. For investors, it signals a reduced regulatory risk and potential reopening of economic activity—like a clearance certificate that lets a business or region return to normal operations, which can affect demand, costs, and market confidence.
Series H Noncumulative Perpetual Preferred Stock financial
"with respect to its Series H Noncumulative Perpetual Preferred Stock"
Restated Certificate of Incorporation regulatory
"to its Restated Certificate of Incorporation with the Secretary of State"
A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.
Certificate of Designations regulatory
"all matters set forth in the Certificate of Designations with respect to its Series H"
A certificate of designations is a formal legal document that spells out the specific rights and rules attached to a particular class of stock, most often preferred shares. It tells investors who gets paid first, what dividends or conversion rights exist, and any voting or liquidation priorities—like an instruction sheet that decides which shareholders get preference if a company pays out or is sold. Those terms directly affect a security’s value and risk.
Noncumulative Perpetual Preferred Stock financial
"its Series H Noncumulative Perpetual Preferred Stock (the “Series H Preferred Stock”)"
A noncumulative perpetual preferred stock is a type of equity that pays regular dividends indefinitely but has no maturity date, and if the issuer skips a dividend payment those missed payments are not owed later. It sits above common shares in priority for income and liquidation, so it can offer steady income like a bond while still carrying equity risk. Investors should note the permanent nature and the risk that skipped dividends are permanently lost, making yield and issuer stability key considerations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What corporate action did The Bank of New York Mellon Corporation (BNY) take regarding its Series H preferred stock?
The Bank of New York Mellon Corporation eliminated the Series H Noncumulative Perpetual Preferred Stock from its charter. It filed a Certificate of Elimination to its Restated Certificate of Incorporation in Delaware, removing all matters set forth in the original Certificate of Designations for this series.
What is the purpose of BNY’s Certificate of Elimination filed on June 23, 2026?
The Certificate of Elimination removes from BNY’s Restated Certificate of Incorporation all provisions relating to the Series H preferred stock. Since all Series H shares were already redeemed, this filing updates the charter so it no longer reflects that discontinued preferred stock series.
Where is the Certificate of Elimination for BNY’s Series H preferred stock available?
The Certificate of Elimination for the Series H preferred stock is included as Exhibit 3.1. This exhibit contains the Delaware filing dated June 23, 2026, documenting the formal removal of the Series H Noncumulative Perpetual Preferred Stock from the company’s Restated Certificate of Incorporation.
Does BNY’s action affect its other listed securities such as its common stock and other preferred issues?
The described action specifically concerns the Series H preferred stock and its elimination from the charter. The filing separately lists other securities, including common stock and certain preferred-related instruments, indicating those remain listed and are not the subject of this elimination step.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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