TPG amends charter to ensure free float shares hold ≥5.1% voting power, targeting Russell index inclusion

TPG Inc.

Amended charter filed Dec 8, 2022 sets minimum 5.1% voting power for Free Float Class A shares.
If free float votes fall below threshold, Class B voting power is reduced proportionately.
Amendment adopted by written consent of TPG GP A, LLC, holder of majority voting power.
Move positions TPG for potential inclusion in FTSE Russell indices.

Key facts

Extracted from this filing and checked against the source text.

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

TPG Inc.: Amended and Restated Certificate of Incorporation to stipulate that Free Float Class A common stock is entitled to at least 5.1% of aggregate voting power, with proportionate reduction of Class B voting power if threshold not met (effective 2022-12-08).

Change: charter amendment
Effective: 2022-12-08

Exact text from the filing

On December 8, 2022, TPG Inc. (the “Company”) filed an Amended and Restated Certificate of Incorporation (the “Amended Charter”) with the Delaware Secretary of State that stipulates that shares of “Free Float” (as defined under the rules of FTSE Russell relating to the Russell indices) Class A common stock (the “Free Float Class A Shares”) are entitled to at least 5.1% of the aggregate voting power (the “Free Float Threshold”).

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24 governance changes filed in the last 30 days. Browse all governance changes →

TPG Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-301065

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