Company: UMBFO
Filing Date: 2025-06-12
Form Type: 8-K
Source: 0001193125-25-139927
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Company: UMB FINANCIAL CORP
Filing Date: 2025-06-12
Form: 8-K
Item: Item 3.03
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Item 3.03      Material Modification to Rights of Security Holders.  

On June 12, 2025, UMB Financial Corporation (the “ Company”) issued and sold 12,000,000 depositary shares (“ Depositary Shares”), each representing a 1/400th ownership interest in a share of 7.750% Fixed-Rate Reset Non-CumulativePerpetual Preferred Stock, Series B, $0.01 par value (the “ Series B Preferred Stock”), with a liquidation preference of $25 per Depositary Share (equivalent to $10,000 per share of Series B Preferred Stock). The Depositary Shares were issued pursuant to a Deposit Agreement dated June 12, 2025, among the Company, Computershare Trust Company, N. A. and Computershare Inc., jointly as Depositary, and the holders from time to time of the depositary receipts described therein, to which Deposit Agreement the Form of Depositary Receipt is attached as Exhibit A (the “ Deposit Agreement”). The Company filed a Certificate of Designation (the “ Certificate of Designation”) with the Secretary of State of the State of Missouri, establishing the voting rights, powers, preferences and privileges, and the relative, participating, optional or other rights, and the qualifications, limitations or restrictions thereof, of the Series B Preferred Stock on June 11, 2025, and made effective on June 12, 2025. Holders of the Depositary Shares will be entitled to all proportional rights and preferences of the Series B Preferred Stock (including dividend, voting, redemption and liquidation rights).

Under the terms of the Series B Preferred Stock, the ability of the Company to declare, pay or set aside any payment for dividend or distribution on any shares of stock ranking junior to the Series B Preferred Stock, or repurchase, redeem or otherwise acquire for consideration, directly or indirectly, any shares of stock ranking on parity with or junior to the Series B Preferred Stock, is subject to restrictions in the event that the Company does not declare and either pay or set aside a sum sufficient for payment of dividends on the Series B Preferred Stock for the immediately preceding dividend period.

The descriptions of the terms of the Series B Preferred Stock and the Depositary Shares are qualified in their entirety by reference to the Certificate of Designation and the Deposit Agreement, respectively, which are included as Exhibits 3.1 and 4.1 to this Current Report on Form 8-Kand are incorporated by reference herein. The validity opinions