Amendment of the STRC preferred stock designations for twice-monthly dividends

The matter

Holders are asked to approve an amended and restated certificate of designations for the Variable Rate Series A Perpetual Stretch Preferred Stock that would set two scheduled dividend payment dates each month instead of one. The company also needs a separate majority vote of the outstanding STRC shares. If either vote fails the amended certificate will not be filed; if both pass the company intends the change to take effect on June 30, 2026.

Standard at the meeting

Majority of the voting power of the outstanding common stock, plus a separate majority of the outstanding STRC shares

An abstention

counts as a vote against

A broker non-vote

counts as a vote against

Routine for brokers

no

Read from that filing/where the two differ, the filing governs/the board recommendation is context and changes no record

Intent, not a shareholder vote/weights are re-read at the cutoff, and can only fall