Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.5
Stagwell Inc shareholders approved Adoption of an amendment to the Company's Second Amended and Restated Certificate of Incorporation (the 'Proposed Charter Amendment') to reclassify each share of Class B Common Stock into 1.25 shares of Class A Common Stock. at the 2023-02-23 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-02-23
Exact text from the filing
On February 23, 2023, the holders of (i) an aggregate of 1,640 shares of Class B common stock, par value $0.001 per share (“ Class B Common Stock ”), of Stagwell Inc. (the “ Company ”), constituting a majority of the 2,271 shares of Class B Common Stock issued and outstanding on such date, and (ii) an aggregate of 26,502,414 shares of Class A common stock, par value $0.001 per share (“ Class A Common Stock ”), of the Company and 160,909,058 shares of Class C common stock, par value $0.00001 per share (together with the Class A Common Stock and the Class B Common Stock, the “ Common Stock ”), of the Company, constituting a majority of the voting power of the 292,835,667 shares of Common Stock issued and outstanding on such date, acting by written consent without a meeting, voted to approve the adoption of an amendment to the Company’s Second Amended and Restated Certificate of Incorporation (the “ Proposed Charter Amendment ”).
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