Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 160

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 160
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 for the election of two additional directors of our board of directors at our next annual meeting of stockholders and at each subsequent meeting of stockholders, by a plurality of votes cast; providedthat our board of directors shall
at no time include more than two such directors and including, for purposes of this limitation, all directors that the holders of any series of Voting Parity Stock are entitled to elect pursuant to like voting rights. Upon the vesting of such right
of such holders, the maximum authorized number of members of our board of directors shall automatically be increased by two and the two vacancies so created shall be filled by vote of the holders of the outstanding Series FF preferred stock
(together with the holders of shares of any one or more other series of Voting Parity Stock). At elections for such directors, each holder of Series FF preferred stock shall be entitled to 25 votes for each share held (the holders of shares of any
other series of Voting Parity Stock being entitled to such number of votes, if any, for each share of such stock as may be granted to them). The right of the holders of the Series FF preferred stock (voting together as a class with the holders of
shares of any one or more other series of Voting Parity Stock) to elect such directors shall continue until such time as we have paid in full dividends for the equivalent of at least four quarterly dividend periods or their equivalent, at which time
such right with respect to the Series FF preferred stock shall terminate, except as provided by law, and subject to revesting in the event of each and every subsequent nonpayment of dividends. Upon any termination of the right of the holders of all
shares of Series FF preferred stock and Voting Parity Stock to vote for directors, the term of office of all such directors then in office elected by only those holders voting as a class shall terminate immediately (in which case each such director
shall thereupon cease to be qualified as, and shall cease to be, a director). Whenever the term of office of the directors elected by such holders voting as a class shall end and the special voting powers vested in such holders shall have expired,
the number of directors shall be such number as may be provided for in our by-laws.

In addition
to any other vote required by law or our restated certificate of incorporation, as amended, so long as any shares of our Series FF preferred stock are outstanding, the vote or consent of the holders of the outstanding shares of our Series FF
preferred stock and outstanding shares of all