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Re: XM ROCKS post# 5701

Thursday, 04/02/2020 2:00:45 PM

Thursday, April 02, 2020 2:00:45 PM

Post# of 5842
Shareholder Meeting voting.

What any oy you guys think about these 2 agenda items:

2. To approve a fourth amendment (the “Fourth Amendment”) to the Company’s Amended and Restated Articles of Incorporation, as previously amended (the “Articles of Incorporation”), to authorize the Board of Directors to effect a 1:15 reverse stock split of the Company’s common shares


3. To approve a fifth amendment (the “Fifth Amendment”) to the Articles of Incorporation to make certain changes to the rights and preferences of the Company’s 7 Percent Fixed Rate Noncumulative Nonconvertible Perpetual Preferred Stock, Series A (“Series A Preferred”) and its 7 Percent Fixed Rate Noncumulative Convertible Perpetual Preferred Stock, Series B (“Series B Preferred” and, together with the Series A Preferred, the “Preferred Stock”), subject to the approval of the requisite number of shares of Series A Preferred and Series B Preferred

Any and all feedback / discussion welcome.