The company said it filed a Certificate of Designation with the Secretary of State of Delaware on July 29, 2024, setting the terms of its 6.625% Non-Cumulative Preferred Stock, Series Q, with a par value of $0.01 per share and a liquidation preference of $25,000 per share.

1. 01

   The company said it filed a Certificate of Designation with the Secretary of State of Delaware on July 29, 2024, setting the terms of its 6.625% Non-Cumulative Preferred Stock, Series Q, with a par value of $0.01 per share and a liquidation preference of $25,000 per share.

2. 02

   The company said that from the issuance of the Series Q preferred stock on July 30, 2024, its ability to declare or pay dividends or distributions on junior stock, or to purchase, redeem or otherwise acquire junior stock, will be restricted if it fails to declare and pay full dividends on the Series Q preferred stock.

3. 03

   The company defined junior stock as any class or series of its capital stock that ranks junior to the Series Q preferred stock as to dividend payments and distribution of assets upon liquidation, and said its common stock is included.

4. 04

   The company said it filed additional exhibits in connection with the offering, issuance and sale of depositary shares representing interests in its Series Q preferred stock under its Registration Statement on Form S-3 (File No. 333-275587), including the form of Deposit Agreement, the form of certificate, and an opinion of Davis Polk & Wardwell LLP.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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