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American Software (AMSWA) has shared an announcement.
During the Annual Meeting, shareholders approved several key resolutions, including the election of directors, the ratification of KPMG LLP as the independent auditor for the upcoming fiscal year, and the advisory approval of executive compensation. Notably, the Reclassification to eliminate the dual-class share structure was approved, leading to the issuance of Class A Common Stock to the sole Class B Shareholder upon the reclassification. This move simplifies the company’s stock into a single class of shares, enhancing corporate governance and shareholder equality. The Board has also decided to postpone the company name change, despite its approval, until approximately October 2024. However, proposals related to indemnification of directors and officers were approved, while the blank check preferred stock amendment was not.
For an in-depth examination of AMSWA stock, go to TipRanks’ Stock Analysis page.
