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Form 8-K · Current Report · Filed 2024-10-31

Boeing Announces Depositary Shares Offering and Modify Rights of Security Holders

On October 28, 2024, The Boeing Company entered into an underwriting agreement with several financial institutions for a Depositary Shares Offering of 100 million shares, each representing a 1/20th interest in 6.00% Series A Mandatory Convertible Preferred Stock.

Filer
Boeing Co. BA · NYSE
Filed
Accession
0001193125-24-248743
CIK
0000012927
Signal
High impactIndustrials

Details

Additionally, on October 31, 2024, Boeing filed a Certificate of Designations that materially modifies the rights of security holders, prohibiting dividend payments on common stock and other junior stock unless certain conditions are met. The Depositary Shares Offering closed on October 31, 2024, and the Certificate of Designations became effective upon filing.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 3.03

Material Modification to Rights of Security Holders

Material Modification of Rights of Security Holders
Item 5.03

Amendments to Articles of Incorporation or Bylaws

No viable tag
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$154.29

Next session

+0.2%

Since filing

+40.1%

Latest close

$216.14

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BA reporting the same item, with the next session's move:

Exhibits (4)

About Boeing Co.

Boeing Co. is a global leader in aerospace and defense, renowned for its significant contributions to the aviation industry. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Beyond commercial aircraft, Boeing provides products and services to the defense and space sectors, including military aircraft and advanced technology systems. This dual focus allows Boeing to operate at the intersection of commercial aviation and defense industries. As the manufacturer of some of the world’s most widely used aircraft, such as the 737, 777, and the Dreamliner series, Boeing plays a crucial role in international air travel and cargo transit. Its innovations impact various industries, including manufacturing, national defense, and space exploration. Headquartered in Chicago, Illinois, Boeing remains a pivotal player in advancing technological frontiers and supporting global infrastructure through its aerospace and defense capabilities.

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