---
schema_version: "secwatch.filing_event.v1"
accession: "0001410578-23-000199"
form_type: "8-K"
ticker: "STGW"
cik: "0000876883"
company_name: "Stagwell Inc"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:34:13.022978+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Stagwell shareholders approve conversion of Class B shares to Class A at 1.25 ratio

## Summary
- Holders of 1,640 of 2,271 Class B shares and majority of total voting power approved charter amendment.
- Each Class B share will convert into 1.25 Class A shares; fractional shares rounded up.
- Amendment effective 20 days after mailing of Information Statement to stockholders.
- Class B common stock will be eliminated upon conversion.

## SEC filing metadata
- accession: 0001410578-23-000199
- form_type: 8-K
- ticker: STGW
- cik: 0000876883
- company_name: Stagwell Inc
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876883/000141057823000199/0001410578-23-000199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876883/000141057823000199/tm238214d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410578-23-000199
- JSON: https://secwatch.observer/filing/0001410578-23-000199.json
- Plain text: https://secwatch.observer/filing/0001410578-23-000199.txt

## Key facts
- Shareholder Votes
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/876883/000141057823000199/0001410578-23-000199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.