other material
confidence high
sentiment neutral
materiality 0.60
Michael Dell converts 26.5M Class A shares to Class C, voting power reduced
Dell Technologies Inc.
- Michael Dell converted 26,500,000 Class A shares to Class C shares on Sep 16-17, 2024, on a one-for-one basis.
- After conversion, Dell beneficially owns 271,834,081 Class A shares and 36,912,241 Class C shares.
- Class A shares carry 10 votes per share; Class C shares carry one vote per share, reducing Dell's voting power.
- Conversion was exempt from registration under Section 3(a)(9) of the Securities Act; no commission paid.
- Total Class C shares outstanding after conversion: 333,874,468.