other material
confidence high
sentiment neutral
materiality 0.60
Cloudflare stockholders approve Class C common stock creation and share increase at 2026 annual meeting
Cloudflare, Inc.
- Stockholders approved creation of Class C common stock (382M for, 200M against) and Class C split.
- Authorized Class A shares doubled to 4.5B; preferred shares doubled to 450M.
- Equal treatment of all classes in dividends/liquidation approved; independent director approval required for large Class C acquisitions.
- Amendment and restatement of 2019 Equity Incentive Plan and ESPP approved, effective upon Class C split.
- Directors Zatlyn, Sandell, Lakhani elected; KPMG ratified; advisory say-on-pay approved.