Class-C Shares

  • Facebook’s 2016 Annual Meeting: Peter Thiel Remains on Board

    … of Facebook’s board of directors—Marc Andreessen, Erskine Bowles, Susan Desmond-Hellmann, Reed Hastings, Jan Koum, Sheryl Sandberg and Mark Zuckerberg—will serve through next year’s annual meeting. The new class of non-voting capital stock, class-C capital stock, which was also approved at the company’s annual meeting, was first proposed on the day…

    David Cohen/ Inside Facebookin Facebook- 27 readers -
  • Facebook Faces Class-Action Over Proposal to Create New Stock Class

    … that if its proposal is approved, it will issue two class-C shares as a one-time dividend for each outstanding class-A and class-B share of common stock. The proposal will be voted on at Facebook’s 2016 annual meeting, scheduled for June 20. Reuters reported that a Facebook shareholder filed a proposed class-action lawsuit in the Delaware Court…

    David Cohen/ AllFacebookin Facebook- 18 readers -
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