STT Filings — State Street Corporation - FilingSpy
STT
State Street Corporation
One of the world's largest financial services firms, State Street guards trillions in assets for pension funds, governments, and other institutional investors, offering custody, fund administration, and investment management—including its well-known SPDR exchange-traded funds. It began as the Union Bank in Boston in 1792, taking its name from State Street, the city's historic "Great Street to the Sea." Its vaults famously survived the Great Boston Fire of 1872, and it helped launch the nation's first mutual fund in 1924.
State Street issued 500,000 Series L depositary shares, expecting net proceeds of about $495.7 million.
On August 12, 2026, State Street Corporation issued and sold 500,000 depositary shares, each representing a 1/100th ownership interest in a share of Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L.
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The Series L Preferred Stock has a liquidation preference of $100,000 per share, equivalent to $1,000 per depositary share.
The offering was made under an underwriting agreement dated August 5, 2026, with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as representatives of the underwriters.
State Street expects net proceeds of approximately $495.7 million after deducting underwriting discount and estimated offering expenses.
A deposit agreement dated August 12, 2026 was entered into with Equiniti Trust Company, LLC as depositary.
8.01 Other Events · 9.01 Financial Statements and Exhibits
State Street prices $500M preferred stock offering at $1,000 per depositary share
State Street filed Articles of Amendment on August 6, 2026 to create Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, with a $100,000 per share liquidation preference.
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On August 5, 2026, State Street entered into an underwriting agreement with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC for the sale of 500,000 depositary shares, each representing a 1/100th interest in a Series L preferred share.
The offering was priced at $1,000 per depositary share, and State Street expects net proceeds of approximately $495.7 million after underwriting discount and expenses.
The offering is made under an existing Form S-3 registration statement and a prospectus supplement filed with the SEC on August 6, 2026.
State Street expects to enter into a deposit agreement with Equiniti Trust Company, LLC as depositary for the depositary shares.
3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits
State Street Bank issues $1.25B in senior notes due 2029 and 2034
The notes were sold in an offering exempt from registration under Section 3(a)(2) of the Securities Act of 1933.
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State Street Bank and Trust Company issued $750 million of 4.701% Senior Notes due 2029 and $500 million of 5.217% Senior Notes due 2034 on July 23, 2026.
State Street Bank entered into a fiscal agency agreement with U.S. Bank Trust Company, National Association, as fiscal agent for the notes.
The purchase agreement, dated July 21, 2026, was with Goldman Sachs & Co. LLC, BofA Securities, Inc., BMO Capital Markets Corp., and HSBC Securities (USA) Inc. as representatives of the initial purchasers.
Net proceeds from the offering are expected to be approximately $1.244 billion after discounts and expenses.
8.01 Other Events · 9.01 Financial Statements and Exhibits
State Street appoints C. Jack Read as EVP, Global Controller and CAO, effective August 10, 2026
C. Jack Read, age 57, was appointed Executive Vice President, Global Controller and Chief Accounting Officer, effective August 10, 2026, succeeding Elizabeth M. Schaefer.
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Read previously served as Managing Director, Global Controller and Chief Accounting Officer at MSCI Inc. since August 2024, and as EVP, Controller and CAO at Citizens Financial Group from 2018 to 2024.
Read will receive an annualized base salary of $450,000 and a target 2026 total incentive compensation award of $2,100,000.
He will receive one-time transition payments of $1,730,000 in deferred stock and $700,000 in cash to compensate for forfeited MSCI compensation.
The appointment was made under a letter agreement dated March 27, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits