Charles Schwab Eliminates 4.000% Series I Preferred Stock From Corporate Charter

The Charles Schwab Corporation filed a Certificate of Elimination to formally remove its 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I, from its corporate charter. This administrative action follows the completed redemption of all outstanding shares of this series.

Key Details

• Action: The company filed a Certificate of Elimination with the Secretary of State of Delaware, effective June 1, 2026.
• Security Affected: 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I.
• Preceding Event: The filing was made after all previously issued shares of the Series I Preferred Stock were successfully redeemed, as authorized by the Board of Directors on January 29, 2026.
• Outcome: The Series I shares now revert to the status of authorized but unissued shares of preferred stock, undesignated as to series.