Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 7

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 7
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 Series C Holder’s (or their respective affiliates’) Preferred Stock Warrants to acquire common stock outstanding as of the Record Date, assuming, for these purposes, that such Preferred Stock Warrants were exercised on such Record Date and settled pursuant to the physical settlement provisions of such Preferred Stock Warrants. As of the close of business on the Record Date, there were 13,043,478 shares of common stock underlying Preferred Stock Warrants outstanding and held by Series B Holders, which entitles such Series B Holders to vote in respect of a total of 13,043,478 shares of common stock. Prior to obtaining the “Requisite Stockholder Approval” (as defined in the Certificate of Designations for the Series C preferred stock), Series C holders will not have the right to vote to the extent, and only to the extent, that such right to vote would result in such holder, or a “person” or “group” (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that includes such Series C Holder, having voting power in excess of nineteen and nine tenths percent (19.9%) of the then-outstanding shares of the Company’s common stock. Therefore, as of the close of business on the Record Date, although there were 12,338,062 shares of common stock underlying Preferred Stock Warrants outstanding and held by Series C Holders, such Series C Holders are only entitled to vote in respect of a total of 7,663,582 shares of common stock. Including the voting rights of the Series A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock, as of the close of business on the Record Date, a total of 171,162,048 shares of common stock were outstanding, or underlying the Series A Preferred Stock or the applicable Preferred Stock Warrants held by Series B Holders and Series C Holders, and entitled to vote at the Annual Meeting. What am I voting on? Proposal No. 1 : To elect three (3) directors to the Board of Directors of the Company to serve for a three-year term and until their successors are duly elected and qualified. Proposal No. 2 : To approve an amendment to the Company’s Second Amended and Restated 2009 Equity Participation Plan to increase the number of shares of the Company’s common stock that may be issued thereunder by an additional 3,400,000 shares. Proposal No. 3