other material
confidence medium
sentiment neutral
materiality 0.20
Stagwell amends subsidiary LLC agreement to allow tax distribution advances to certain members
Stagwell Inc
- Second Amended and Restated LLC Agreement dated March 23, 2022 for Stagwell Global LLC.
- Permits tax distribution advances to members (e.g., Stagwell Media LP) for tax liabilities from asset sales under Section 704(c).
- Replaces the prior Amended and Restated LLC Agreement of August 2, 2021.
- Approved unanimously by independent and disinterested directors on Stagwell Inc.'s board.