Wells Fargo 8-K
Governance change
Series HH perpetual preferred stock authorized with non-cumulative, fixed-rate-reset dividends.
Filed 2026-08-19 16:08 ET
- 5.03 Bylaw Amendment or Fiscal Year Change
- 9.01 Financial Statements and Exhibits
Summary
Wells Fargo designated a new series of perpetual preferred stock effective 8/17/2026. The designation authorizes Series HH shares with a fixed-rate-reset dividend structure and a $25,000 liquidation preference per share.
Key Figures
- Series HH: 70,000 shares authorized; $25,000 liquidation preference per share, or $1.75B in total authorized liquidation preference.
- Dividend terms: 6.55% fixed rate reset; non-cumulative and perpetual.
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