KEYCORP /NEW/ false 0000091576 0000091576 2019-09-19 2019-09-19 0000091576 us-gaap:CommonStockMember 2019-09-19 2019-09-19 0000091576 us-gaap:SeriesEPreferredStockMember 2019-09-19 2019-09-19 0000091576 us-gaap:SeriesFPreferredStockMember 2019-09-19 2019-09-19 0000091576 us-gaap:SeriesGPreferredStockMember 2019-09-19 2019-09-19

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 19, 2019

 

IMAGE

KeyCorp

(Exact name of registrant as specified in charter)

 

001-11302

(Commission

File Number)

Ohio

  

34-6542451

(State or other jurisdiction

of incorporation)

  

(I.R.S. Employer

Identification No.)

127 Public Square

Cleveland, Ohio 44114-1306

(Address of principal executive offices and zip code)

(216) 689-6300

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Common Shares, $1 par value

  

KEY

  

New York Stock Exchange

Depositary Shares (each representing a 1/40th interest in a share of Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E)

  

KEY PrI

  

New York Stock Exchange

Depositary Shares (each representing a 1/40th interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F)

  

KEY PrJ

  

New York Stock Exchange

Depositary Shares (each representing a 1/40th interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G)

  

KEY PrK

  

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

Item 8.01 Other Events.

On September 19, 2019, KeyCorp gave notice that on October 21, 2019 (the “Redemption Date”) it will redeem for cash all of the outstanding $300 million aggregate principal amount of its 6.6750% Senior Notes due 2020 (the “Notes”) at the redemption price of 100% of the principal amount thereof, plus a make-whole premium to be calculated as set forth in the notice of redemption, plus accrued interest, if any, to, but not including, the Redemption Date. The Notes were initially issued by First Niagara Financial Group, Inc., which merged with and into KeyCorp on August 1, 2016.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

KEYCORP

         

Date: September 19, 2019

 

 

/s/ Donald R. Kimble

 

 

By:

 

Donald R. Kimble

 

 

 

Chief Financial Officer