Company: AFRM
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001820953-25-000057
Chunk: 6

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 6
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 Delaware as well as potentially reincorporating to one of a number of states, including Nevada, California, New York, Texas and Maryland, based on predominant market practice and other factors relevant to the Company’s business. Following that discussion, it was the consensus of the Board members that our Board should further evaluate a potential reincorporation focusing on either remaining incorporated in Delaware or reincorporating to Nevada.

Shortly after the special meeting, to assist our Board in evaluating a potential reincorporation, our Board elected to engage a corporate law and governance expert, Professor Steven Davidoff Solomon of the University of California, Berkeley School of Law.

On March 12, 2025, our Board, our Chief Legal Officer, representatives of Wilson Sonsini and Professor Solomon met to again consider and discuss the Company’s potential reincorporation to Nevada. During that meeting, Professor Solomon met with the Board, discussed the potential reincorporation and related matters with the Board, and responded to Board member questions.

On April 24, 2025, our Board, our Chief Legal Officer, representatives of Wilson Sonsini, and Professor Solomon met to again consider and discuss the Company’s potential reincorporation to Nevada. During that meeting, Professor Solomon delivered to the Board a memorandum, discussed the memorandum and related matters with the Board, and responded to Board member questions. Professor Solomon’s memorandum offered an academic review of incorporation and reincorporation, including principles of corporate governance, the value attributable to a company’s situs of incorporation and legal and policy distinctions between Delaware and Nevada. Following that discussion, our Board approved the Nevada Reincorporation and adopted the Nevada Reincorporation Resolution, including the related documents. In reaching its decision, our Board evaluated a number of factors, including benefits to the Company and its stockholders in reincorporating, possible negative impacts from a potential reincorporation, meaningful differences in corporate law between Delaware and Nevada, the historical benefits of domiciling in Delaware, and implications for our

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stockholders as to their economic, governance and litigation rights.

#### Recommendation of the Board
Following its meetings and discussions, our Board determined the Nevada Reincorporation is in the best interests of the Company and its stockholders. On April 24, 2025, our Board approved the Nevada Reincorporation, adopted the Nevada Reincorporation Resolution, directed that the Nevada Reincorporation be submitted for consideration by our stockholders at the Special Meeting and recommended that