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JPMORGAN CHASE & CO FILES (8-K) Disclosing Material Modification to Rights of Security Holders, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits

June 23, 2014



Item 3.03 Material Modification to Rights of Security Holders.

On June 23, 2014, JPMorgan Chase & Co. (the "Company") issued 85,000 shares (the "Shares") of the Company's 6.30% Non-Cumulative Preferred Stock, Series W, par value of $1.00 per share and with a liquidation preference of $10,000 per share (the "Series W Preferred Stock"), which Shares were deposited against delivery of depositary receipts (the "Depositary Receipts") evidencing 34,000,000 depositary shares (the "Depositary Shares"), each representing 1/400th of a Share, issued by Computershare Inc, as depositary.

Under the terms of the Series W Preferred Stock, the ability of the Company to pay dividends on, make distributions with respect to, or to redeem, purchase or acquire, or make a liquidation payment on its common stock or any preferred stock ranking on a parity with or junior to the Series W Preferred Stock, will be subject to restrictions in the event that the Company does not declare dividends on the Series W Preferred Stock for the most recently completed dividend period or, in the case of any such liquidation payment, does not pay to holders of the Series W Preferred Stock liquidation distributions of $10,000 per Share, plus any declared and unpaid dividends. The terms of the Series W Preferred Stock are more fully described in the Certificate of Designations, Powers, Preferences and Rights relating thereto (the "Certificate of Designations"), which establishes the rights, preferences, privileges, qualifications, restrictions and limitations relating to the Series W Preferred Stock. Copies of the Certificate of Designations and the form of certificate representing the Series W Preferred Stock are included as Exhibit 3.1 and Exhibit 4.1, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

The terms of the Depositary Shares are set forth in the Deposit Agreement, dated June 23, 2014, among the Company, Computershare Inc, as depositary, and the holders from time to time of the Depositary Receipts issued thereunder (the "Deposit Agreement") and the form of Depositary Receipt. Copies of the Deposit Agreement and the form of Depositary Receipt are included as Exhibit 4.2 and Exhibit 4.3, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal

Year.

On June 20, 2014, the Company filed the Certificate of Designations with the Secretary of State of the State of Delaware, establishing the rights, preferences, privileges, qualifications, restrictions and limitations relating to the Series W Preferred Stock. The Certificate of Designations became effective with the Secretary of State of the State of Delaware upon filing. A copy of the Certificate of Designations is included as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 8.01 Other Events.

On June 23, 2014, the Company completed the issuance and sale of 85,000 Shares, which Shares were deposited against delivery of Depositary Receipts evidencing 34,000,000 Depositary Shares, pursuant to an Underwriting Agreement, dated June 16, 2014, among the Company, J.P. Morgan Securities LLC and the other several underwriters named therein. The sale of the Depositary Shares was made pursuant to the Company's Registration Statement on Form S-3 (File No. 333-191692). In connection with this offering, the legal opinion as to the legality of the Depositary Shares and the Series W Preferred Stock is being filed as Exhibit 5.1 to this Current Report on Form 8-K.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits 3.1 Certificate of Designations, Powers, Preferences and Rights of JPMorgan Chase & Co., establishing the rights, preferences, privileges, qualifications, restrictions and limitations relating to the 6.30% Non-Cumulative Preferred Stock, Series W, filed June 20, 2014 4.1 Form of certificate representing the Series W Preferred Stock 4.2 Deposit Agreement, dated June 23, 2014, among JPMorgan Chase & Co., Computershare Inc, as depositary, and the holders from time to time of Depositary Receipts 4.3 Form of Depositary Receipt (included as part of Exhibit 4.2) 5.1 Opinion of Simpson Thacher & Bartlett LLP as to the legality of the 6.30% Non-Cumulative Preferred Stock, Series W 23.1 Consent of Simpson Thacher & Bartlett LLP (included as part of Exhibit 5.1)



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Source: Edgar Glimpses


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