Goldman Sachs 8-K
Governance changeEquity raise
Series AA preferred terms restrict common-stock dividends and buybacks if Series AA dividends go unpaid.
Filed 2026-07-27 16:27 ET
- 3.03 Modification to Security Holder Rights
- 5.03 Bylaw Amendment or Fiscal Year Change
- 9.01 Financial Statements and Exhibits
Summary
Goldman Sachs Series AA preferred stock issuance and common-stockholder rights changes. On 7/23/2026, the company established the terms for its 6.500% fixed-rate reset, non-cumulative preferred stock. If it fails to pay Series AA dividends, restrictions apply to dividends and repurchases of common stock.
Key Figures
- Series AA liquidation preference: $25,000 per share; dividend rate: 6.500%, fixed-rate reset.
- Failure to pay Series AA dividends triggers restrictions on common-stock dividends and on purchases, redemptions or other acquisitions of common stock.
Investor Takeaways
- Whether Goldman Sachs pays Series AA dividends determines whether the stated restrictions on common-stock distributions and repurchases apply.
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