Veeva converts all Class B shares to Class A, ending dual-class voting on Oct. 15, 2023

VEEVA SYSTEMS INC

Class B shares automatically converted 1:1 into Class A shares on Oct. 15, 2023.
Former Class B holders go from 10 votes per share to 1 vote per share.
Total authorized shares reduced from 1 billion to 810 million via Class B retirement.
Company filed amended charter on Oct. 16 to remove Class B references and forum selection provision.
No change to economic interests or total shares outstanding.

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

VEEVA SYSTEMS INC: Filed amended and restated certificate of incorporation to remove Class B Common Stock references, remove forum selection provision, and make other clarifying updates, effective Oct 16, 2023 (effective 2023-10-16).

Change: charter amendment
Effective: 2023-10-16

Exact text from the filing

Immediately following the filing of the Certificate of Retirement, the Company filed an Amended and Restated Certificate of Incorporation (the “Restated Certificate”) to remove references to Class B Common Stock to reflect the Conversion, to remove the forum selection provision in light of its inclusion in the Company’s Bylaws, and to make certain other clarifying changes and updates.

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VEEVA SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001393052-23-000055

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