These FAQs pertain only to the Class B Common Stock of Standard Diversified Opportunities Inc. (the “Company”) and are provided for your convenience only. The Company also has Class A Common Stock currently trading on the OTC Markets under the ticker symbol “SDOIA.”
These summary explanations are qualified in their entirety by controlling documents including the Company’s Fifth Amended and Restated Certificate of Incorporation (“Charter”) and Second Amended and Restated Bylaws. Such documents are publicly filed.
FORM CONVERSION NOTICE FOR CLASS B SHARES
You can download the Class B Conversion Notice here.
Class B Common Stock – FAQ
- each share of Class B Common Stock has the right to 10 votes per share (Class A Common Stock has the right to one vote per share); and
- the shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis.
- any sale, assignment, transfer, conveyance, hypothecation or other transfer or disposition of the shares of Class B Common Stock (subject to limited exceptions described below); or
- the occurrence of an event specified by the affirmative vote or written consent of the holders of two-thirds of the then-outstanding shares of Class B Common Stock, voting as a separate class (in which case all shares of Class B Common Stock shall convert).