Huntington Bancshares Inc 8-K, filed Jun 10, 2021
Huntington Bancshares Inc (HBAN)
About this 8-K
Huntington Bancshares Inc filed this 8-K on June 10, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On June 10, 2021, Huntington Bancshares Incorporated, a Maryland Corporation (“Huntington”), issued a press release announcing the redemption on July 15, 2021 (the “Redemption Date”) of all 24,000,000 outstanding depositary shares (CUSIP: 446150708) (the “Depositary Shares”), each representing a 1/40th interest in a share of Huntington’s 6.250% Series D Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share (the “Series D Preferred Stock”). The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share (equivalent to $1,000 per share of Series D Preferred Stock) plus declared and unpaid dividends of $0.390625 per Depositary Share (equivalent to $15.625 per share of Series D Preferred Stock) for the period beginning on April 15, 2021 to, but not including, July 15, 2021. On and after the Redemption Date, all dividends on the shares of Series D Preferred Stock will cease to accrue.
The Depositary Shares are held through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. Payment to DTC will be made by Computershare Inc. and Computershare Trust Company, N.A., jointly, as redemption agent.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Number |
Description |
|||
| 99.1 | Press Release dated June 10, 2021 | Filed herewith | ||
| 104 | The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. | |||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HUNTINGTON BANCSHARES INCORPORATED | ||||||
| Date: June 10, 2021 | By: | /s/ Jana J. Litsey | ||||
| Jana J. Litsey General Counsel | ||||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
June 10, 2021
Investor Relations contact: Mark Muth (mark.muth@huntington.com) 614-480-4720
Media contact: Randi Berris (randi.berris@huntington.com) 248-608-5239
HUNTINGTON ANNOUNCES REDEMPTION OF ALL DEPOSITARY SHARES REPRESENTING INTERESTS IN SERIES D PREFERRED STOCK
COLUMBUS, Ohio — Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced the redemption on July 15, 2021 of all 24,000,000 outstanding depositary shares (Nasdaq: HBANO; CUSIP: 446150708), each representing a 1/40th interest in a share of Huntington’s 6.250% Series D Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share.
The depositary shares will be redeemed at a redemption price of $25.00 per depositary share (equivalent to $1,000 per share of Series D Preferred Stock) plus declared and unpaid dividends of $0.390625 per depositary share (equivalent to $15.625 per share of Series D Preferred Stock) for the period beginning on April 15, 2021 to, but not including, July 15, 2021. On and after the redemption date, all dividends on the shares of Series D Preferred Stock will cease to accrue. The depositary shares are held through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC.
About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $175 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,100 branches in 12 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.