ComScore defers Series B preferred dividends, executes 1-for-20 reverse stock split

COMSCORE, INC.

Series B Preferred dividend payment deferred to June 30, 2024; unpaid dividends accrue at 9.5% per year.
1-for-20 reverse stock split effective Dec. 20, 2023; authorized common shares reduced from 275M to 13.75M.
Equity plan share reserves and outstanding awards proportionately adjusted for reverse split; fractional shares paid in cash.
Dividend deferral granted via waivers from holders Charter, Liberty Broadband, and Pine Investor.

item 3.03 item 5.02 item 8.01 item 5.03 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

COMSCORE, INC.: Filed a Certificate of Amendment to implement a 1-for-20 reverse stock split and proportionally reduce authorized shares of Common Stock from 275,000,000 to 13,750,000 and total authorized shares from 380,000,000 to 118,750,000 (effective 2023-12-20).

Change: charter amendment
Effective: 2023-12-20

Exact text from the filing

On December 20, 2023 (the "Effective Date"), the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the "COI Certificate of Amendment") with the Secretary of State of the State of Delaware to implement a previously announced reverse stock split.

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COMSCORE, INC. filing history →

Source: SEC EDGAR

accession 0001158172-23-000124

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