Business Context and Reporting Period
Company: Raymond James Financial, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 2, 2025
Event: Announcement of the redemption of Series B Non-Cumulative Perpetual Preferred Stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or general debt levels. The specific financial metric disclosed relates to the capital structure adjustment:
- Shares to be Redeemed: 80,500 shares of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock.
- Related Instruments: All related depositary shares (each representing a 1/40th interest in a share of Series B Preferred Stock).
- Redemption Date: January 2, 2026.
- Post-Redemption Status: No shares of Series B Preferred Stock or Series B Depositary Shares will remain outstanding.
Material Changes
The filing announces a material change to the company's capital structure. Upon the redemption date, the company will eliminate the entire outstanding issuance of its Series B Preferred Stock. This action will cease future dividend obligations associated with this specific series of preferred stock.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) as the primary source of the announcement. The 8-K itself serves as a formal notification of the redemption event.
Risks and Contingencies: The filing explicitly states that this report does not constitute the official notice of redemption under the Articles of Amendment or the Deposit Agreement. Investors are directed to the official notice of redemption for governing terms.
Investor Verification Checklist
- Verify the official notice of redemption issued by the Company to confirm the final redemption price and payment terms.
- Confirm the exact timing of the cash outflow required for the redemption on January 2, 2026.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the rationale for the redemption.
- Check subsequent filings to confirm the delisting of the Series B Preferred Stock and Depositary Shares from the New York Stock Exchange.