other material
confidence high
sentiment neutral
materiality 0.55
Laureate Education completes conversion to single-class common stock and retires Class A and B shares
LAUREATE EDUCATION, INC.
- All outstanding Class A and Class B shares automatically converted into common stock on Oct 29, 2021, with one vote per share.
- On Dec 13, 2021, Certificate of Retirement filed to cancel issued-but-not-outstanding Class A and B shares.
- Outstanding shares unchanged at ~181.4 million post-conversion; total authorized shares reduced by retired classes.
- Ticker 'LAUR' and CUSIP unchanged; stock continues trading on Nasdaq.
- Conversion had no impact on economic interests; equity awards now denominated in common stock.