Business Context and Reporting Period
Company: Capital One Financial Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 20, 2026
Event: Announcement of the redemption of Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on a specific capital structure event.
| Security | Shares Outstanding | Redemption Price | Total Redemption Value |
|---|---|---|---|
| Series M Preferred Stock | 1,000,000 | $1,000 per share | $1,000,000,000 |
Material Changes
The filing announces a material change to the company's capital structure:
- Redemption Event: All 1,000,000 outstanding shares of Series M Preferred Stock will be redeemed on September 1, 2026.
- Dividend Cessation: Regular dividends will be paid to holders of record as of August 17, 2026. No further dividends will accrue on or after the redemption date.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates a press release (Exhibit 99.1) detailing the redemption. No forward-looking guidance, strategic outlook, or specific risk factors beyond the standard execution of the redemption are provided in this text.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the record date for the final dividend payment (August 17, 2026).
- Confirm the redemption date (September 1, 2026) and the $1,000 per share price.
- Review the attached press release (Exhibit 99.1) for any additional terms or conditions not summarized in the 8-K text.
- Check subsequent filings for confirmation of the cash outflow impact on the balance sheet.