Short answer
WILLIS LEASE FINANCE CORP (WLFC) filed an 8-K current report with the SEC on September 30, 2026 reporting Item 5.03 (Amendments to Articles of Incorporation or Bylaws), Item EX-99.1 (Exhibit EX-99.1). DBJ purchased 1,750,000 Series B preferred shares for $35 million at $20 per share.
WILLIS LEASE FINANCE CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.03 · Amendments to Articles of Incorporation or Bylaws
- DBJ purchased 1,750,000 Series B preferred shares for $35 million at $20 per share
- Series B pays an 8.09% annual dividend, creating approximately $2.8 million in annual preferred dividends before the split
- Three-for-one split increased Series B shares to 5,250,000 and Series A shares to 9,750,000, reducing each liquidation preference to $6.67
- Series B ranks senior to common stock and generally pari passu with Series A, limiting common shareholders’ liquidation priority
- DBJ can require cash redemption beginning September 29, 2031, or upon specified events including change of control and consecutive annual losses
Item EX-99.1 · Exhibit EX-99.1
- September 16, 2024 Series A preferred-stock designation nullified due to signer-name and prior-filing-date errors
- September 17, 2024 amended Series A designation remains valid and unaffected
- Correction executed September 23, 2026 by CFO Scott B. Flaherty and Corporate Secretary Z. Clifton Dameron IV
- Investor impact limited to corporate-record cleanup; no change to Series A rights identified
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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