VMware, Inc.
Extract: Charter Amendment (Plain English Desc) from a 8-K on 09/14/2021   Download
SEC Document
SEC Filing
On September 13, 2021, the 20th calendar day following the mailing of the Information Statement, the Company amended the Current Charter to, among other things, (i) provide for the automatic conversion of the Company’s Class B common stock, $0.01 par value per share (the “Class B Stock”) into shares of the Company’s Class A common stock, $0.01 par value per share (the “Class A Stock”), upon the written election of the holders of a majority of the shares of Class B Stock in connection with a distribution of Class B Stock to the holders of record of shares of Dell, (ii) provide for the termination of the rights of holders of shares of Class B Stock immediately upon the conversion described in clause (i), and (iii) modify the definition of “EMC” in the Current Charter to include Dell and its successors, subject to certain exceptions (such amendment, the “Conversion Charter Amendment”).