Hyatt Hotels Corporation
Extract: Charter Amendment (Plain English Desc) from a 8-K on 08/12/2019   Download
SEC Document
SEC Filing

On August 9, 2019, Hyatt Hotels Corporation (the “Company”) filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 677,384 shares of Class B Common Stock, par value $0.01 per share, of the Company (the “Class B Common Stock”). All 677,384 shares of Class B Common Stock were converted into shares of Class A Common Stock par value $0.01 per share, of the Company (the “Class A Common Stock”) in connection with the repurchase by the Company of 677,384 shares of Class B Common Stock from the selling stockholders as described below. The Company’s Amended and Restated Certificate of Incorporation requires that any shares of Class B Common Stock that are converted into shares of Class A Common Stock be retired and may not be reissued. The Company has also retired all 677,384 shares of Class A Common Stock into which the Class B Common Stock converted, and such shares of Class A Common Stock have resumed the status of authorized but unissued shares.

Effective upon filing, the Certificate of Retirement amended the Amended and Restated Certificate of Incorporation of the Company to reduce the total authorized number of shares of capital stock of the Company by 677,384 shares. The total number of authorized shares of the Company is now 1,408,432,856 shares, consisting of 1,000,000,000 shares designated Class A Common Stock, 398,432,856 shares designated Class B Common Stock, and 10,000,000 shares designated Preferred Stock, $0.01 par value per share.