Business Context and Reporting Period
This Form 8-K Current Report was filed by U.S. Bancorp on June 18, 2013. The report addresses corporate governance actions regarding the company's capital structure, specifically the elimination of a specific class of preferred stock.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on legal and structural amendments rather than financial performance data.
Material Changes
- Elimination of Series D Preferred Stock: On June 18, 2013, U.S. Bancorp filed a Certificate of Elimination with the Delaware Secretary of State. This action removed all provisions related to the Series D Non-Cumulative Perpetual Preferred Stock from the Restated Certificate of Incorporation.
- Outstanding Shares: No shares of the Series D Preferred Stock were issued or outstanding at the time of the filing.
- Restated Certificate: On June 19, 2013, the company filed a Restated Certificate of Incorporation to formally reflect the elimination of the Series D stock and to integrate previous amendments.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the administrative completion of the stock elimination process.
Investor Verification Checklist
- Confirm that no Series D Non-Cumulative Perpetual Preferred Stock remains outstanding.
- Review the attached Restated Certificate of Incorporation (Exhibit 3.2) for updated capital structure details.
- Verify the effective date of the elimination (June 18, 2013) against internal corporate records.