Urban One, Inc is holding its annual shareholders meeting virtually on June 18. Prior to that meeting, holders of Class A and Class B stock can vote and participate. Among the issues they will vote on is:
“To approve an amendment to our Amended and Restated Articles of Incorporation to permit us to effect a reverse stock split of our outstanding Class A and Class D Common Stock, at a ratio within a range between one-for-two and one-for-30, subject to and as determined by a committee appointed by our Board of Directors.” The company’s Board of Directors is recommending a “yes” vote.
