SEC Filing Summary: Regions Financial Corp (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Regions Financial Corporation on September 17, 2024. The report details a corporate action regarding the elimination of a specific class of preferred stock.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative elimination of the Series B Preferred Stock.
Material Changes
- Redemption of Preferred Stock: On September 16, 2024, all outstanding shares of the Company's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B, were redeemed.
- Elimination of Series: On September 17, 2024, the Company filed a Certificate of Elimination with the Delaware Secretary of State, officially eliminating the Certificate of Designations for the Series B Preferred Stock.
- Share Status: No shares of Series B Preferred Stock remain outstanding. The previously authorized shares have resumed the status of undesignated preferred stock.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural report regarding the completion of a stock redemption and the subsequent elimination of the stock series.
Key Facts for Investor Verification
- Confirm that the 6.375% Series B Preferred Stock has been fully redeemed and is no longer outstanding.
- Verify the filing of the Certificate of Elimination with the State of Delaware on September 17, 2024.
- Note that the authorized shares formerly designated as Series B are now available as undesignated preferred stock.