The Bank of New York Mellon 8-K

Summary

Series O preferred-stock issuance. On 10/28/2026, BNY issued depositary shares representing interests in a new perpetual preferred series; missing a preferred dividend can restrict dividends and certain transactions involving common and other junior shares.

Key Figures

• 1.25 million depositary shares were offered publicly, each representing a 1/100th interest in a Series O preferred share.
• Series O has a $100,000 liquidation preference per preferred share and is noncumulative and perpetual.
• If BNY does not declare and pay, or set aside, the Series O dividend for the preceding dividend period, it is restricted from declaring or paying dividends on, or purchasing, redeeming or otherwise acquiring, common stock or other shares junior to Series O. The certificate establishing the series became effective on 10/27/2026.

Investor Takeaways

• Watch whether BNY declares and pays or sets aside each Series O dividend; a missed period would trigger restrictions on common and other junior-share dividends and acquisitions.