Company: HPP
Filing Date: 2025-02-26
Form Type: POS AM
Source: 0001193125-25-035303
Chunk: 24

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-26
Form: POS AM
Chunk 24
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us. To the extent the information contained in the prospectus supplement differs from this summary description, you should rely on the information in the prospectus supplement. The Company’s charter provides that the Company may issue up to 18,400,000 shares of preferred stock, $0.01 par value per share, or preferred stock, all of which are classified and designated as series C preferred stock. The Company’s charter authorizes the Company’s board of directors, with the approval of a majority of the entire board and without any action by the Company’s stockholders, to amend the Company’s charter to increase or decrease the aggregate number of shares of stock or, subject to the rights of holders of series C preferred stock to approve any increase in the number of shares of a class or series of stock ranking senior to the Company’s series C preferred stock, the number of shares of stock of any class or series that the Company has the authority to issue. As of February 14, 2025, there are 17,000,000 shares of 4.750% Series C Cumulative Redeemable Preferred Stock issued and outstanding. The Company’s charter authorizes the Company’s board of directors to classify any unissued shares of preferred stock and to reclassify any previously classified but unissued shares of preferred stock into one or more classes or series of stock. Prior to issuance of shares of each new class or series, the Company’s board of directors is required by the MGCL and the Company’s charter to set, subject to the rights of holders of the Company’s series C preferred stock and any other class or series of the Company’s stock and the provisions of the Company’s charter regarding the restrictions on ownership and transfer of the Company’s stock, the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms or conditions of redemption of each such class or series. As a result, the Company’s board of directors could authorize the issuance of shares of preferred stock that have priority over shares of the Company’s common stock with respect to dividends, distributions or rights upon liquidation or with other terms or conditions that could have the effect of delaying, deferring or preventing a transaction or a change of control of the Company that might involve a premium price for the Company’s common stock or that the Company’s common stockholders otherwise believe to be in their best interests. The specific terms of a particular class or series of preferred stock will be described in the prospectus supplement relating to that class or series,