Finance of America stockholders back charter change tying Class B shares 1-for-1 to LLC units
FOA•Class B reclassification and governance updates
- Class B Common Stock to be reclassified to match LLC Units, shifting to one vote per Class B share; authorized Class B shares rise to 50,000,000.
- Charter to add officer exculpation, limiting personal monetary liability for certain fiduciary-duty-of-care claims to the extent permitted under Delaware law.
- Other updates include technical changes tied to Delaware law, governance definitions, and integration of the Series A Convertible Perpetual Preferred Stock designation.
Stockholders approve charter amendment and restatement
Finance of America stockholders executed a written consent on June 26, 2026 to amend and restate the company’s charter.
