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Wednesday, October 10, 2018 7:26:35 AM
The Reverse Stock Split affected all record holders of Common Stock uniformly and did not affect any record holder’s percentage ownership interest in the Company, except for de minimis changes as a result of the elimination of fractional shares.
The Reverse Stock Split reduced the aggregate number of shares of Common Stock outstanding from approximately1,089,738,735 shares to approximately 90,811,562 shares. The authorized number of shares of Common Stock was reduced from 3,500,000,000 to 300,000,000, and the authorized number of shares of preferred stock remains 10,000,000.
The Common Stock will begin trading on a reverse split-adjusted basis on The Nasdaq Stock Market (“NASDAQ”) at the opening of trading on October 11, 2018. At such time, the Common Stock will begin trading on NASDAQ under the new symbol “COOP” with a new CUSIP number (62482R 107).
Obviously, as I long said, voting was a foregone conclusion.
Votes Cast For
Votes Cast Against
Abstentions
710,206,615
31,207,148
2,501,141
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