M&T BANK CORP 8K

M&T Bank Corporation amended its Certificate of Incorporation to create a new series of 6.625% non-cumulative perpetual preferred stock, Series L, with defined dividend, liquidation, redemption, and limited voting rights.

M&T Bank Corporation filed a Certificate of Amendment to its Certificate of Incorporation establishing a new series of preferred stock, the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, consisting of 60,000 shares with a $10,000 stated amount per share. The amendment, approved by the board of directors on July 8 and 16, 2026, sets detailed terms for dividends (non-cumulative quarterly dividends at 6.625%), liquidation preference (stated amount plus declared but unpaid dividends senior to junior stock and pari passu with parity stock), optional redemption (generally on or after September 15, 2031, or earlier upon a Regulatory Capital Treatment Event, subject to regulatory approval), and limited voting rights, including the right to elect two directors upon specified dividend payment defaults and consent rights over adverse amendments and senior preferred issuances. The document confirms that the board is authorized under the existing charter and New York Business Corporation Law to fix the designation, rights, preferences, and limitations of this new preferred series without stockholder approval, and it was executed and notarized on July 16, 2026.

Filing Facts

CIK

36270

Ticker

MTB

Form

8K

Source Type

sec

Accession

0001193125-26-310413

Alert Tier

5