8-KSecurities & ListingShareholder MattersCorporate Changes+2

COMCAST CORP 8-K Report, Listing Notice (Dec 15, 2015)

Filed December 15, 2015For Securities:CMCSACCZ

Summary

Comcast Corporation (CMCSA) filed an 8-K on December 14, 2015, to report on the outcome of a special shareholder meeting held on December 10, 2015. The primary event detailed is the approval and subsequent implementation of a reclassification of its Class A Special common stock into Class A common stock. This corporate action effectively eliminated the Class A Special common stock, which had previously traded under the ticker symbol "CMCSK" on the NASDAQ Stock Market. Following the reclassification, the Class A Special common stock was delisted from NASDAQ, with trading ceasing on December 11, 2015. The newly issued Class A common stock now trades under the same ticker symbol "CMCSA" and CUSIP number as the previously existing Class A common stock. This change is largely administrative and does not impact the economic rights, voting power allocation, or continued listing of the Class A common stock. The filing also clarifies certain modifications to the company's Articles of Incorporation and provides details on voting results for the approved proposals.

Key Highlights

  • 1Comcast shareholders approved a reclassification of Class A Special common stock into Class A common stock.
  • 2The Class A Special common stock was delisted from the NASDAQ Stock Market after the reclassification became effective on December 11, 2015.
  • 3The Class A Special common stock previously traded under the ticker symbol "CMCSK."
  • 4The new Class A common stock resulting from the reclassification continues to trade under the ticker symbol "CMCSA."
  • 5This reclassification had no impact on the economic equity interests of shareholders.
  • 6The aggregate voting power allocation between Class A and Class B common stock remains unchanged (66 2/3% for Class A, 33 1/3% for Class B).
  • 7Minor amendments were made to the Articles of Incorporation, including clarifications and deletion of obsolete provisions.

Frequently Asked Questions

The main purpose of this 8-K filing was to report that Comcast Corporation's shareholders approved a proposal to reclassify all outstanding shares of Class A Special common stock into Class A common stock. This action led to the delisting of the Class A Special common stock from the NASDAQ Stock Market.

No, this reclassification had no effect on the economic equity interests of holders of Class A common stock. The new Class A common stock resulting from the reclassification continues to trade under the same ticker symbol (CMCSA) and CUSIP number as the previously existing Class A common stock.

The Class A Special common stock, which previously traded under the ticker symbol "CMCSK," was reclassified into Class A common stock. Consequently, it was delisted from the NASDAQ Stock Market, and trading ceased as of the close of business on December 11, 2015.

No, the voting power allocation remained the same. Holders of Class A common stock collectively hold 66 2/3% of the aggregate voting power, and holders of Class B common stock collectively hold 33 1/3% of the aggregate voting power.