Business Context and Reporting Period
Company: Principal Financial Group, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 13, 2015
Event: Regulation FD Disclosure regarding the redemption of preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a capital structure event.
Material Changes
On May 13, 2015, Principal Financial Group, Inc. announced the issuance of notices to redeem all outstanding shares of the following securities:
- Series A Preferred Stock: 5.563% Non-Cumulative Perpetual Preferred Stock (OTC: PFGZP, CUSIP No. 74251V201).
- Series B Preferred Stock: 6.518% Non-Cumulative Perpetual Preferred Stock (NYSE: PFG-B, CUSIP No. 74251V300).
The filing explicitly states that this Form 8-K does not constitute the official notice of redemption under the governing certificates of designation.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are detailed beyond the standard disclosure of the redemption event.
Investor Verification Checklist
- Verify the official redemption notice and terms in the attached Exhibit 99.1 (Press Release) and the certificates of designation.
- Confirm the specific redemption date and payment amount per share for Series A and Series B Preferred Stock.
- Check subsequent filings for the official notice of redemption required by the stock certificates.