DALLAS —Nexstar Media Group shareholders have voted in favor of all proposal recommended by the Board of Directors.
This sets the stage for the elimination of two classes of Nexstar stock.
The votes, which came at the company’s 2022 annual shareholders’ meeting, include the amendment of the company’s amended and restated Certificate of Incorporation.
This effectively eliminates Nexstar’s Class B Common Stock and Class C Common Stock classes.
As of April 25, Nexstar had approximately 40.4 million shares of Class A common stock outstanding and no shares of Class B Common Stock or Class C Common Stock outstanding.
In fact, Nexstar’s Class A common stock has been the only class of shares outstanding since 2013. Thus, the vote is technically a housekeeping formality.
Approximately 92% of all outstanding shares were represented at the meeting.
The official voting results for each proposal voted on by shareholders will be filed with the Securities and Exchange Commission.
