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Get filing alertsSchwab eliminates Series I Preferred Stock from corporate charter after full redemption
Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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Schwab filed a Certificate of Elimination with Delaware to remove its 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I from its corporate charter, effective June 1, 2026.
Item 8.01 view on EDGAR → -
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The elimination is an administrative cleanup following the full redemption or retirement of all outstanding Series I Preferred shares, simplifying Schwab's capital structure.
8-K: Certificate of Elimination verify on EDGAR →
Summary
Charles Schwab filed paperwork with Delaware on June 1, 2026, to formally eliminate its Series I Preferred Stock from its corporate charter. This 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock series has been fully redeemed or retired, and the Certificate of Elimination is standard administrative housekeeping that removes all references to the series from the company's Fifth Restated Certificate of Incorporation. For common stockholders, this is a routine corporate action with minimal direct impact.
The elimination simplifies Schwab's capital structure by reducing the number of authorized preferred stock series. Preferred stockholders who held Series I shares would have already been paid out through redemption prior to this filing. Investors should watch for any future preferred stock issuances or redemptions as Schwab manages its capital structure, particularly if the company seeks to raise capital or optimize its regulatory capital ratios in the financial services environment.
Section-by-Section Diff
Event · Item 5.03 — Amendments to Articles of Incorporation or Bylaws
Item 5.03 — Amendments to Articles of Incorporation or Bylaws filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 1, 2026, The Charles Schwab Corporation (the “Company”) filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”), which, effective upon filing, eliminated from the Company’s Fifth Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designations for the Series I Preferred Stock.
Schwab filed paperwork with Delaware to formally eliminate its Series I Preferred Stock from its corporate charter. This administrative action removes all references to the 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I from the company's certificate of incorporation. This typically occurs after a preferred stock series has been fully redeemed or retired, cleaning up the corporate structure.
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Certificate of Elimination of the 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I of The Charles Schwab Corporation.
Schwab has filed a Certificate of Elimination for its 4.000% Series I Preferred Stock. This legal filing typically occurs after a company has redeemed or retired all outstanding shares of a preferred stock series, formally removing it from the company's authorized capital structure. The elimination reduces the number of authorized preferred stock series and simplifies the capital structure.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify