Cloudflare shareholders approve Class C stock creation, authorized share increases, equity plan amendments

Cloudflare, Inc.

Shareholders approved creation of Class C common stock and increase in authorized Class A shares from 2.25B to 4.5B (Proposal 4B) and preferred from 225M to 450M (Proposal 4C).
Class C split (Proposal 4D) and equal treatment (4E) passed; acquisitions >$100M using Class C require independent director approval (4F).
Michelle Zatlyn, Scott Sandell, Karim Lakhani re-elected as Class I directors; say-on-pay approved with ~76% of votes cast in favor.
2019 Equity Incentive Plan and ESPP amended and restated; share reserve includes evergreen increase of up to 5% of outstanding common stock annually.

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