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GDOT > SEC Filings for GDOT > Form 8-K on 30-Aug-2013All Recent SEC Filings

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Form 8-K for GREEN DOT CORP


30-Aug-2013

Other Events


Item 8.01. Other Events.
Article V of the Certificate of Incorporation of Green Dot Corporation (the "Company") provides that all issued and outstanding shares of the Company's Class B Common Stock (the "Class B Common Stock") will be automatically converted into shares of the Company's Class A Common Stock (the "Class A Common Stock") when the number of issued and outstanding shares of Class B Common Stock represents less than 10% of the aggregate number of issued and outstanding shares of the Class A Common Stock and Class B Common Stock. As of August 28, 2013, the issued and outstanding shares of the Class B Common Stock represented less than 10% of the aggregate number of issued and outstanding shares of the Class A Common Stock and Class B Common Stock and, therefore, the issued and outstanding shares of the Class B Common Stock automatically converted into shares of the Class A Common Stock pursuant to the terms of this provision. Following the automatic conversion described above, there is now only a single class of the Company's common stock outstanding, which is entitled to one vote per share.


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