Coty Inc.
Extract: Charter Amendment (Plain English Desc) from a 8-K on 06/25/2020   Download
SEC Document
SEC Filing

On June 25, 2020, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment amending the Amended and Restated Certificate of Incorporation, as amended, of the Company to increase the number of authorized shares of Class A Common Stock, par value $0.01 per share (the “Common Stock”), from 1,000,000,000 to 1,250,000,000 (the “Amendment”). As of the effectiveness of the Amendment, the Company has authority to issue 1,270,000,000 shares, consisting of 1,250,000,000 shares of Common Stock and 20,000,000 shares of Preferred Stock, par value $0.01 per share. The Amendment was approved by the Board of Directors of the Company at a meeting on May 10, 2020. On May 22, 2020, Cottage Holdco B.V. (“Cottage Holdco”) approved the Amendment acting by written consent in lieu of a special meeting of stockholders. Cottage Holdco held of record on the date of such approval 463,607,984 shares of Common Stock, representing approximately 60.75% of the issued and outstanding shares of Common Stock, and therefore more than the 50.1% majority voting power necessary to approve the Amendment.