Visa shareholders approve charter amendment to allow exchange offers unlocking Class B stock

VISA INC.

All 11 director nominees elected with strong majority (>97% for each).
Say-on-pay approved with 89.92% of Class A votes for.
Proposal 4 (Class B exchange offer program) approved with >79% combined class vote.
KPMG ratified as independent auditor for FY2024 with 97.66% support.
Stockholder proposal on termination pay rejected with 92.53% against.

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

VISA INC.: Stockholders approved amendments to the Certificate of Incorporation to authorize exchange offers releasing transfer restrictions on Class B common stock, filed and effective on January 24, 2024 (effective 2024-01-24).

Change: charter amendment
Effective: 2024-01-24

Exact text from the filing

the Company filed a Certificate of Amendment to the Certificate (the “Certificate of Amendment”) incorporating such amendments with the Secretary of State of the State of Delaware on January 24, 2024. The Certificate of Amendment became effective upon filing.

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VISA INC. filing history →

Source: SEC EDGAR

accession 0001403161-24-000005

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