Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 109

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 109
---
 Board of Directors and the Board of Directors is responsible for establishing the designation of such series and the number of shares to be included in such series and fixing the terms of such series, the voting powers (full or limited, or no voting powers), preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions thereof, of the shares of each such series, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences.Common StockAs of March 31, 2025, the Company's Certificate authorized the issue of 800,000,000 shares of Class A common stock, par value $0.01 per share and 100,000,000 shares of Class B common stock, par value $0.01 per share.During the three months ended March 31, 2025, the Sponsor Stockholder (as defined in the Explanatory Note) converted 64,512,579 shares of Class B common stock outstanding to an equivalent number of shares of Class A common stock. As of March 31, 2025, the shares of Class B common stock converted were retired and there were no shares of Class B common stock outstanding.As of March 31, 2025, common stock consisted of the following:Shares AuthorizedShares IssuedShares OutstandingClass A common stock800,000,000376,197,105376,197,105Class B common stock100,000,000——900,000,000376,197,105376,197,105As of December 31, 2024, common stock consisted of the following:Shares AuthorizedShares IssuedShares OutstandingClass A common stock800,000,000315,280,417315,280,417Class B common stock100,000,00064,512,57964,512,579900,000,000379,792,996379,792,996Holders of Class A common stock and Class B common stock are entitled to share equally, identically and ratably, on a per share basis, in dividends when, as, and if declared by the Company's Board of Directors, subject to the rights of the holders of all classes of stock outstanding having priority rights to dividends.The holder of each share of Class A common stock is entitled to one vote for each share for each matter submitted to a vote of stockholders.  Holders of each share of Class B common stock shall not be entitled to vote on the election, appointment or removal of directors of the Company