03/05/2026 | Press release | Distributed by Public on 03/05/2026 15:40
| Item 3.03. |
Material Modification to Rights of Security Holders. |
Upon issuance of the Series M Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share, par value $0.01 per share (the "Series M Preferred Stock") by The Bank of New York Mellon Corporation (the "Registrant") on March 5, 2026, the ability of the Registrant to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock or any shares of the Registrant that rank junior to the Series M Preferred Stock will be subject to certain restrictions in the event that the Registrant does not declare and pay (or set aside) dividends on the Series M Preferred Stock for the last preceding dividend period. The terms of the Series M Preferred Stock, including such restrictions, are more fully described in the Certificate of Designations (as defined in Item 5.03 below), a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-Kand is incorporated herein by reference.