Meredith Corporation
Extract: Charter Amendment (Plain English Desc) from a 8-K on 11/16/2020   Download
SEC Document
SEC Filing
On November 12, 2020, the Company filed two separate amendments to its Restated Articles of Incorporation (each, a Charter Amendment and, collectively, the Charter Amendments) with the Secretary of State of the State of Iowa. The first Charter Amendment deleted in its entirety the Statement of Designation of Series A Preferred Stock, which had previously set forth the rights, powers, and preferences of the Company’s Series A Preferred Stock, par value $1.00 per share (the Series A Preferred Stock). As previously disclosed, all of the outstanding shares of the Series A Preferred Stock were redeemed in June 2020. This Charter Amendment did not require shareholder approval.

The second Charter Amendment clarifies the Company’s ability to make distributions to its shareholders in separate classes of stock of its subsidiaries comparable to the classes of common stock and class B stock held by them. This Charter Amendment is described in greater detail in the proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on September 25, 2020, and was approved by the Company’s shareholders at the Annual Meeting on November 11, 2020.