SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 4, 2018
JPMorgan Chase & Co.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
270 Park Avenue, New York, New York
(Address of principal executive offices)
Registrant’s telephone number, including area code: (212) 270-6000
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))
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 October 4, 2018, JPMorgan Chase & Co. (“JPMorgan Chase”) announced that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase, the warrant Exercise Price will be reduced to $41.472 per share, effective as of the close of business on October 5, 2018. A copy of the press release relating to this announcement is attached hereto as Exhibit 99.
Item 9.01 Financial Statements and Exhibits
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 hereunto duly authorized.
JPMorgan Chase & Co.
/s/ Jordan A. Costa
Jordan A. Costa
JPMorgan Chase & Co
270 Park Avenue, New York, NY 10017-2070
NYSE symbol: JPM
News release: IMMEDIATE RELEASE
JPMorgan Chase Announces Final Adjustment to Warrant Exercise Price
New York, October 4, 2018 - JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $41.472 per share from $41.624 per share, effective as of the close of business on October 5, 2018.
This adjustment resulted from the declaration by the Board of Directors of JPMorgan Chase on September 18, 2018 of a quarterly dividend of $0.80 per share on the outstanding shares of the Firm’s common stock. The dividend is payable on October 31, 2018, to stockholders of record at the close of business on October 5, 2018. This dividend declaration did not result in a change in the Warrant Share Number,
which remains at 1.02.
Important notice regarding the upcoming expiration of the warrants:
The warrants will expire on Sunday, October 28, 2018, and must be exercised on or before Friday, October 26, 2018. Any warrants that are not exercised on or before Friday, October 26, 2018, which is the business day immediately preceding the expiration date, will become void. Holders of warrants who wish to exercise their warrants should contact the broker or custodian through which they hold their warrants for instructions on how to exercise the warrants. The warrant agent is Computershare Inc, telephone: 800-546-5141.
Further information regarding the warrants and adjustments to the warrant Exercise Price and the Warrant Share Number is available on the Firm’s website at www.jpmorganchase.com, under the heading Investor Relations, Shareholder Information: “Warrant Information.”
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.