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Get filing alertsWells Fargo eliminates Series BB Preferred Stock from corporate charter
Filed March 17, 2026 · Period ending March 17, 2026 · ~1 min read
Key Changes
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Wells Fargo filed a certificate with Delaware on March 17, 2026, removing its 3.90% Series BB Preferred Stock from its corporate charter. This administrative action typically follows the complete redemption or retirement of all outstanding shares of that preferred stock series.
Item 5.03 verify on EDGAR → -
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The Series BB Preferred Stock was originally established in January 2021 as a non-cumulative perpetual preferred stock with a fixed rate that could reset. Its elimination indicates Wells Fargo has cleaned up its capital structure after retiring this series.
8-K: Certificate of Elimination view on EDGAR →
Summary
Wells Fargo filed routine paperwork with Delaware to remove its Series BB Preferred Stock from its corporate charter, effective March 17, 2026. This is an administrative housekeeping action that typically occurs after a company has fully redeemed or retired all outstanding shares of a preferred stock series.
The Series BB Preferred, which carried a 3.90% fixed rate with reset provisions, was originally created in January 2021. For common stockholders, this filing has minimal impact. It simply reflects Wells Fargo streamlining its capital structure after completing a prior redemption event. The elimination doesn't affect common shares or indicate any new capital raising activity. Investors should watch for any future preferred stock issuances or capital structure changes that might signal shifts in Wells Fargo's funding strategy or regulatory capital management.
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 March 17, 2026, Wells Fargo & Company (the “Company”) filed with the Delaware Secretary of State a Certificate Eliminating the Certificate of Designation with respect to the Company’s 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB (the “Series BB Preferred”), which, effective upon filing, eliminated from the Company’s Restated Certificate of Incorporation all matters set forth in the Certificate of Designation for the Series BB Preferred, filed with the Delaware Secretary of State on January 22, 2021.
Wells Fargo filed a certificate to eliminate the Series BB Preferred Stock from its corporate charter. This preferred stock series, which carried a 3.90% fixed rate that could reset, was originally established in January 2021 and has now been removed from the company's authorized capital structure. This typically occurs after a company has redeemed or retired all outstanding shares of a preferred stock series.
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Certificate Eliminating the Certificate of Designation with respect to the Company’s 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB.
Wells Fargo filed a certificate to eliminate its 3.90% Series BB preferred stock. This typically occurs after all shares have been redeemed or retired, removing the series from the company's capital structure. The elimination is administrative and reflects completion of a prior redemption or retirement event.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 18, 2026 · How we verify