State Street Corporation filed a Form 8-K report with the SEC on February 5, 2025. The report includes amendments to its Articles of Organization to establish the terms of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K, with a liquidation preference of $100,000 per share.

The company also entered into an underwriting agreement with BofA Securities and Morgan Stanley for the sale of 750,000 depositary shares, each representing a 1/100th interest in a share of the preferred stock, in an underwritten public offering. The offering was priced at $1,000 per depositary share, generating approximately $743.1 million in net proceeds.

Additionally, State Street plans to enter into a deposit agreement with Equiniti Trust Company for the administration of the depositary shares. The report includes relevant exhibits, such as the underwriting agreement and the Articles of Amendment.