Summary
This Form 8-K filing from Tesla, Inc. (then Tesla Motors, Inc.) on November 14, 2016, serves as a supplement to the definitive joint proxy statement/prospectus related to Tesla's proposed acquisition of SolarCity Corporation. The primary purpose of this filing is to correct an error in the percentage calculations within Tesla's beneficial ownership table, as presented in the original proxy statement dated October 12, 2016. The corrected percentages for "Percentage of Shares Beneficially Owned" are provided for specific rows, but the underlying numbers of shares owned and the total outstanding shares used for these calculations remain unchanged. This clarification is important for shareholders to have accurate information when considering their votes on the proposed acquisition at the special meetings scheduled for November 17, 2016. The filing reiterates the importance of reviewing the full joint proxy statement/prospectus and other SEC filings for comprehensive details on the transaction.
Key Highlights
- 1Correction of stock beneficial ownership percentages in the Tesla-SolarCity merger proxy statement.
- 2The filing specifically amends the percentages in the "Percentage of Shares Beneficially Owned" column of the ownership table.
- 3The underlying share counts used for the percentage calculations are confirmed to be accurate and remain unchanged.
- 4This is a supplement to the joint proxy statement/prospectus dated October 12, 2016, concerning the acquisition of SolarCity.
- 5The purpose is to ensure accurate information is provided to shareholders ahead of the November 17, 2016, special meetings to vote on the acquisition.
- 6Reiteration of the availability of important transaction information on the SEC's website (www.sec.gov).