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Snap Inc | 8-K: Amendment to Special Dividend Terms and Co-Founder Agreements

Snap Inc | 8-K: Amendment to Special Dividend Terms and Co-Founder Agreements

Snap Inc | 8-K：特别股息条款和联合创始人协议的修订
美股sec公告 ·  05/17 16:23
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Snap Inc. has entered into an Amended Stipulation of Settlement to resolve a class action lawsuit initially filed on August 2, 2022, by the City of Warwick and later by the Greater Pennsylvania Carpenters' Pension Fund. The lawsuit alleged that a transaction between Snap's co-founders and the company, which included employment agreements and an amendment to the certificate of incorporation tied to a stock dividend, was not in the best interest of Class A stockholders and breached fiduciary duties. The settlement, which includes an amendment to the terms of a special dividend and the co-founder agreements, was approved by the court on February 26, 2024. Additionally, on May 16, 2024, Snap's board of directors and a majority of voting power holders approved an amendment to the company's Charter in line with the settlement terms. The amendments to the co-founder agreements were made to reflect the new conditions for the special dividend declaration and impose conditions for future amendments.
Snap Inc. has entered into an Amended Stipulation of Settlement to resolve a class action lawsuit initially filed on August 2, 2022, by the City of Warwick and later by the Greater Pennsylvania Carpenters' Pension Fund. The lawsuit alleged that a transaction between Snap's co-founders and the company, which included employment agreements and an amendment to the certificate of incorporation tied to a stock dividend, was not in the best interest of Class A stockholders and breached fiduciary duties. The settlement, which includes an amendment to the terms of a special dividend and the co-founder agreements, was approved by the court on February 26, 2024. Additionally, on May 16, 2024, Snap's board of directors and a majority of voting power holders approved an amendment to the company's Charter in line with the settlement terms. The amendments to the co-founder agreements were made to reflect the new conditions for the special dividend declaration and impose conditions for future amendments.
Snap Inc.已经签订了经修订的和解条款，以解决最初由华威市提起的集体诉讼，后来由大宾夕法尼亚木匠养老基金提起的集体诉讼。该诉讼称，Snap的联合创始人与该公司之间的交易，包括雇佣协议和与股票分红相关的公司注册证书修正案，不符合A类股东的最大利益，也违反了信托义务。该和解协议于2024年2月26日获得法院批准，其中包括对特别股息和联合创始人协议条款的修改。此外，2024 年 5 月 16 日，Snap 董事会和多数投票权持有人批准了符合和解条款的公司章程修正案。对联合创始人协议的修订旨在反映申报特别股息的新条件，并为未来的修正规定条件。
Snap Inc.已经签订了经修订的和解条款，以解决最初由华威市提起的集体诉讼，后来由大宾夕法尼亚木匠养老基金提起的集体诉讼。该诉讼称，Snap的联合创始人与该公司之间的交易，包括雇佣协议和与股票分红相关的公司注册证书修正案，不符合A类股东的最大利益，也违反了信托义务。该和解协议于2024年2月26日获得法院批准，其中包括对特别股息和联合创始人协议条款的修改。此外，2024 年 5 月 16 日，Snap 董事会和多数投票权持有人批准了符合和解条款的公司章程修正案。对联合创始人协议的修订旨在反映申报特别股息的新条件，并为未来的修正规定条件。
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