Hyatt Hotels Corporation
Extract: Charter Amendment (Plain English Desc) from a 8-K on 09/09/2021   Download
SEC Document
SEC Filing

On September 9, 2021, the Company filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 783,085 shares of Class B common stock, $0.01 par value per share, of the Company (the “Class B Common Stock”). All 783,085 shares of Class B Common Stock were converted into shares of Class A common stock, $0.01 par value per share, of the Company (the “Class A Common Stock”), in connection with the sales of an aggregate of 783,085 shares of Class B Common Stock by certain selling stockholders into the public market pursuant to Rule 144 under the Securities Act of 1933, as amended. 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.

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 783,085 shares. The total number of authorized shares of the Company is now 1,401,835,245, such shares consisting of 1,000,000,000 shares designated Class A Common Stock, 391,835,245 shares designated Class B Common Stock, and 10,000,000 shares designated Preferred Stock, par value $0.01 per share.