Entravision founder death triggers automatic conversion of Class B shares; Ulloa voting stake drops from 59.3% to 20.8%

ENTRAVISION COMMUNICATIONS CORP

Founder/CEO Walter F. Ulloa died Dec 31, 2022; all Class B shares automatically convert to Class A 1-for-1.
Ulloa’s voting power fell from 59.3% to 20.8% immediately after conversion.
No stockholder now holds majority voting power; dual-class structure eliminated.
Voting agreement between Ulloa and director Paul Zevnik terminated by its terms.
Conversion and voting-agreement termination effective Dec 31, 2022.

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