Goldman Sachs (NYSE: GS) retires Series U and adds Series AA preferred stock
Rhea-AI Filing Summary
The Goldman Sachs Group, Inc. reports amendments to its charter related to preferred stock. On August 11, 2026, the company filed a Certificate of Elimination with Delaware authorities to remove all matters relating to its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, from its Restated Certificate of Incorporation, after all outstanding Series U shares were redeemed on August 10, 2026.
The company also filed a Restated Certificate of Incorporation on August 11, 2026 that reflects the terms of its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA, as set forth in a Certificate of Designations, and the elimination of the Series U Preferred Stock. Related charter documents are filed as exhibits.
Positive
- None.
Negative
- None.
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, and exhibit attachments filed with this report.
Key Figures
Series U dividend rate: 3.65%
Series AA dividend rate: 6.500%
Series U redemption date: August 10, 2026
+1 more
4 metrics
Series U dividend rate
3.65%
Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U
Series AA dividend rate
6.500%
Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA
Series U redemption date
August 10, 2026
All outstanding shares of Series U Preferred Stock were redeemed
Charter amendment date
August 11, 2026
Certificate of Elimination and Restated Certificate of Incorporation filed with Delaware
Key Terms
Certificate of Elimination, Certificate of Designations, Restated Certificate of Incorporation, Fixed-Rate Reset Non-Cumulative Preferred Stock, +1 more
5 terms
Certificate of Elimination regulatory
"the Company 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.
Certificate of Designations regulatory
"all matters set forth in the Certificate of Designations with respect to its 3.65%"
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.
Restated Certificate of Incorporation regulatory
"A Restated Certificate of Incorporation reflecting (i) the filing of the Company’s Certificate"
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.
Fixed-Rate Reset Non-Cumulative Preferred Stock financial
"its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Goldman Sachs (GS) change regarding its preferred stock on August 11, 2026?
Goldman Sachs eliminated all charter provisions for its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, and filed a restated charter reflecting the new 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA, and the removal of Series U.
What new preferred stock series does Goldman Sachs (GS) reflect in its restated charter?
The restated charter reflects terms of Goldman Sachs’ 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA. These terms are set forth in a Certificate of Designations filed with the Delaware Secretary of State and incorporated into the Restated Certificate of Incorporation.
What is the purpose of the Certificate of Elimination filed by Goldman Sachs (GS)?
The Certificate of Elimination removes all Series U Preferred Stock provisions from Goldman Sachs’ Restated Certificate of Incorporation. It was filed after all Series U shares were redeemed, formally eliminating that series from the company’s charter documents.
Which exhibits in Goldman Sachs’ (GS) filing relate to the preferred stock changes?
Exhibit 3.1 is the Certificate of Elimination for the Series U Preferred Stock, and Exhibit 3.2 is the Restated Certificate of Incorporation, amended as of August 11, 2026, reflecting Series AA terms and Series U elimination.