Victory Capital Stockholders Approve Elimination of Dual-Class Share Structure

About this update from Victory Capital Holdings, Inc. Class A Common Stock

[{"type":"text","content":" SAN ANTONIO--(BUSINESS WIRE)--\nVictory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that its stockholders approved the Company’s previously announced proposal (the “Proposal”) to eliminate the Company’s dual-class share structure at a Special Meeting of Stockholders held on November 19, 2021.\n\nAs a result of the stockholders’ vote, upon the filing with the Secretary of State of Delaware of Victory Capital’s amended and restated charter, Victory Capital’s Class B common stock will convert into Class A common stock on a one-for-one basis, and the Company will have a single class of common stock. As a result, all holders of the Company’s common stock will have identical economic and voting rights.\n\nApproximately 90% of the votes eligible to be cast at the Special Meeting of Stockholders were present either in-person or by proxy, and 99.99% of the votes cast were cast in favor of the Proposal.\n\nAll stock certificates for Class A common stock or Class B common stock will automatically represent shares of Victory Capital’s common stock and continue to trade under the ticker symbol \"VCTR\". No further stockholder action is required.\n\nAbout Victory Capital\n\nVictory Capital is a diversified global asset management firm with $162.6 billion in assets under management as of October 31, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.\n\nVictory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, active ETFs, multi-asset class strategies, custom-designed solutions, private funds, and a 529 Education Savings Plan.\n\nFor more information, please visit www.vcm.com or follow us: Twitter and LinkedIn\nView source version on businesswire.com: https://www.businesswire.com/news/home/20211122005737/en/\n\nInvestors:\nMatthew Dennis, CFA\nChief of Staff\nDirector, Investor Relations\n216-898-2412\[email protected]\n\nMedia:\nTricia Ross\n310-622-8226\ntross@finpr...

More updates from Victory Capital Holdings, Inc. Class A Common Stock