DuPont Proposes 1-for-2 to 1-for-4 Reverse Stock Split and Cuts Authorized Shares
DuPont will ask shareholders at its May 21, 2026 meeting to approve an amendment for a reverse stock split at a board-determined ratio of 1-for-2 to 1-for-4. The amendment also reduces authorized shares by the same ratio, preserves voting rights and debt structure, and may be delayed or canceled before it takes effect.
1. Proposal Details
DuPont’s Board of Directors plans to seek shareholder approval on May 21, 2026 to amend the Company’s Certificate of Incorporation and implement a reverse stock split of common shares at a ratio not less than 1-for-2 or more than 1-for-4, with the exact ratio to be set by the board at a later date.
2. Share Authorization Impact
If approved, the amendment will also reduce the number of authorized common shares by the selected reverse split ratio, aligning the authorized share count with the post-split share structure without creating new classes of stock.
3. Timing and Record Date
DuPont has set March 18, 2026 as the record date for shareholders entitled to vote on the proposal at the Annual Meeting of Stockholders scheduled for May 21, 2026; detailed proxy materials will be distributed in advance.
4. Board Discretion and Rights
The reverse split will not affect voting rights, business operations or existing debt obligations, and the board retains the right to delay or abandon the split at any time prior to its effective date if it deems it no longer in the best interests of the company or its shareholders.