Laureate eliminates dual-class stock, loses controlled company status after Wengen redemption

LAUREATE EDUCATION, INC.

Wengen investors redeemed interests for shares; Class B fell below 15%, triggering automatic conversion of all Class A & B into single common stock class.
Company no longer qualifies as 'controlled company' under Nasdaq rules.
Amendment gives KKR and CPV right to nominate additional director (Ian K. Snow) while holding >=8,035,713 shares.
All director designation rights expire December 31, 2024.
Wengen investors assume responsibility for Peruvian taxes on share transfers.

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