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KeyCorp8-K: Material contract

KeyCorp to spend over $531M in cash to redeem preferred stock, signaling strong liquidity.

What happened

KeyCorp is redeeming its entire Series D preferred stock series for $531.6 million in cash. This move to optimize its capital structure demonstrates significant cash reserves and financial flexibility, suggesting budget availability for other strategic corporate initiatives.

Source

SEC EDGARAug 14, 2026

Current report (Form 8-K)

KeyCorp 8-K

Filing excerpt

On August 14, 2026, KeyCorp (the “Company”) gave notice of its intention to redeem all of its 525,000 depositary shares each representing a 1/25th ownership interest in a share of its issued and outstanding Series D Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock (the “Preferred Stock”) on September 15, 2026 (the “Preferred Stock Redemption”).

sec.gov/Archives/edgar/data/91576/000162828026057141/key-20260814.htmRead the full source

Other signals in this filing (1)

Extracted by Autobound

From the Signal API record
Signal
8-K: Material contract

What this signalsFilings often name leadership changes, deals and spending plans.

Form
8-K
Fiscal year end
08/14
Filed
Aug 14, 2026

The full record

From the Signal API record

Numbers

Dollar figure
$532M (Total cash redemption price for all outstanding Series D preferred stock and associated depositary shares.)

Details

CIK
91576
Accession number
0001628280-26-057141
Timeframe
Next quarter
Filing year
2026
Why it matters
Vendor relationship signal
Signal category
Strategic

Topics and mentions

Vendors

  • Depository Trust Company

Extraction

Confidence
Medium
Relevance
70%
Sentiment
Neutral
Detected
Aug 18, 2026
signal_type
sec-8k
signal_subtype
materialContract

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The API returns more than this page shows

This page shows a preview. The full sec-8k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/c2f87e9a-be48-44df-b285-eab69bf91bfa returns this record as JSON. POST /v1/companies/enrich returns every signal for key.com.

{
  "signal_id": "c2f87e9a-be48-44df-b285-eab69bf91bfa",
  "signal_type": "sec-8k",
  "signal_subtype": "materialContract",
  "detected_at": "2026-08-18T07:06:27.347+00:00",
  "company": {
    "name": "KeyCorp",
    "domain": "key.com"
  },
  "data": {
    "detail": "KeyCorp is redeeming its entire Series D preferred stock series for $531.6 million in cash. This move to optimize its capital structure demonstrates significant cash reserves and financial flexibility, suggesting budget availability for other strategic corporate initiatives.",
    "metrics": {
      "timeframe": "next_quarter",
      "dollar_context": "Total cash redemption price for all outstanding Series D preferred stock and associated depositary shares.",
      "dollar_millions": 531.6
    },
    "summary": "KeyCorp to spend over $531M in cash to redeem preferred stock, signaling strong liquidity.",
    "excerpts": "On August 14, 2026, KeyCorp (the “Company”) gave notice of its intention to redeem all of its 525,000 depositary shares each representing a 1/25th ownership interest in a share of its issued and outstanding Series D Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock (the “Preferred Stock”) on September 15, 2026 (the “Preferred Stock Redemption”).",
    "relevance": 0.7,
    "sentiment": "neutral",
    "confidence": "medium",
    "source_url": "https://www.sec.gov/Archives/edgar/data/91576/000162828026057141/key-20260814.htm",
    "filing_date": "2026-08-14",
    "filing_year": 2026,
    "fiscal_year_end": "08/14",
    "sales_relevance": "Vendor relationship signal",
    "signal_category": "strategic",
    "vendors_mentioned": [
      "Depository Trust Company"
    ]
  }
}

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