On October 30, 2024, we filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 1,642,251 shares of Class B common stock, $0.01 par value per share, of the Company. The 1,642,251 shares were converted into shares of Class A common stock, $0.01 par value per share, of the Company, in connection with the repurchase by the Company of 1,642,251 shares of Class B Common Stock from certain selling stockholders. 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
1,642,251 shares. The total number of authorized shares of the Company is now 1,395,742,991 such shares consisting of 1,000,000,000 shares designated Class A common stock, 385,742,991 shares designated Class B common stock, and 10,000,000 shares designated Preferred Stock, par value $0.01 per share.
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