AI English summary of an SEC filing — figures as filed

On July 19, 2024, the company filed a Certificate of Designation with the Delaware Secretary of State designating "6.85% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series FF," effective upon filing.

8-KAmendments to Articles of Incorporation or Bylaws; Change in Fiscal YearFiled Jul 23, 2024Period of report Jul 19, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

On July 19, 2024, the company filed a Certificate of Designation with the Delaware Secretary of State designating "6.85% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series FF," effective upon filing.
The company said it authorized 80,000 shares of Series FF Preferred Stock, without par value, with a liquidation preference amount of $25,000 per share.
Wells Fargo sold 2,000,000 Depositary Shares on July 23, 2024. Each Depositary Share represents 1/25 of a share of the company's Series FF Preferred Stock, which is 1 shares.
The company filed the Underwriting Agreement dated July 16, 2024, with Wells Fargo Securities, LLC as representative of the underwriters, and the Deposit Agreement dated July 23, 2024, with Equiniti Trust Company, LLC as depositary, together with this 8-K.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Series FF Preferred Stock designation (6.85%)

On July 19, 2024, the company filed a Certificate of Designation with the Delaware Secretary of State designating "6.85% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series FF," effective upon filing.

Source · Based on the filing body and exhibits

Series FF authorized shares and liquidation preference

The company said it authorized 80,000 shares of Series FF Preferred Stock, without par value, with a liquidation preference amount of $25,000 per share.

Source · Based on the filing body and exhibits

Sale of 2,000,000 Depositary Shares

Wells Fargo sold 2,000,000 Depositary Shares on July 23, 2024. Each Depositary Share represents 1/25 of a share of the company's Series FF Preferred Stock, which is 1 shares.

Source · Based on the filing body and exhibits

Underwriting and deposit agreements filed

The company filed the Underwriting Agreement dated July 16, 2024, with Wells Fargo Securities, LLC as representative of the underwriters, and the Deposit Agreement dated July 23, 2024, with Equiniti Trust Company, LLC as depositary, together with this 8-K.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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