Ally Financial Inc. Form 8-K Filing

This Form 8-K filing by Ally Financial Inc. details the establishment and offering of its 7.100% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D. The company filed a Certificate of Designation with the Secretary of State of Delaware on April 29, 2026, outlining the rights and preferences of this new series of preferred stock. This series ranks senior to common stock and on parity with Series B and Series C preferred stock regarding dividends and liquidation. Dividends are at the company's discretion and subject to available funds. The Series D Preferred Stock has a liquidation preference of $1,000 per share. It is perpetual and redeemable at Ally's option under specific conditions, including after August 15, 2031, or upon a regulatory capital treatment event, subject to regulatory approval. The company also entered into an underwriting agreement on April 27, 2026, for the sale of 1,000,000 shares of Series D Preferred Stock at $1,000 per share, closing the public offering on May 1, 2026. The filing includes exhibits such as the Underwriting Agreement and the Certificate of Designation.