I do know that Proctor and Gamble is currently struggling with activist Investors trying to place a person on their Board of Directors so it is important that issue be addressed which this document does.
It also addresses Shareholder voting rights which is an issue that SNAP is currently having, they are being restricted from the S&P 500 because they issued stock with NO Shareholder voting rights. Also, as their business grows they need to ensure that they have proper governance in place. In order to attract top quality employees a company needs to offer a Stock Options plan for employees.
It also includes protection for Directors in case of legal issues, but does not exempt them from all applicable US laws.
Finally, they have raised the number of shares that they may issue in the future, I don't believe that is going to be dilutive because clearly this filing is about getting the house in order to prepare for growth.
I have followed every move from this company since late 2016 and I try to go and do deep research every week to look for anything that I may have missed. So far, they have done everything they stated they were going to and the Officers in place seem well qualified to bring this technology to the market.
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