Bread Financial Holdings, Inc. filed an 8-K on November 25, 2025, reporting the issuance of 3,000,000 depositary shares representing its 8.625% Non-Cumulative Perpetual Preferred Stock, Series A, with a liquidation preference of $1,000 per share, establishing specific rights and preferences for stockholders. The filing also included material modifications to security holder rights effective from November 25, 2025.