Comcast has two publicly traded classes of stock on Nasdaq. Please see the chart below for more information.
|Class:||Class A Common Stock||Class A Special Common Stock||Class B Common Stock|
|Traded:||NASDAQ||NASDAQ||Not Publicly Traded|
|Voting:||.1323 votes per share*||No voting rights||15 votes per share*|
|Outstanding Shares as of 9/30/15:||2,100,458,460||347,326,688||9,444,375|
Important Note: On October 26, 2015, Comcast announced that its Board of Directors has approved a proposal to amend and restate the Comcast’s Amended and Restated Articles of Incorporation in order to reclassify each share of Comcast Class A Special Common Stock (Nasdaq: CMCSK) into one share of Comcast Class A Common Stock (Nasdaq: CMCSA) (the “Reclassification”), subject to shareholder approval. In order to become effective, the Reclassification must be approved by the affirmative vote of a majority of the votes cast by holders of Comcast's Class A Common Stock and Class A Special Common Stock, in each case voting separately as a class, and its Class A Common Stock and Class B Common Stock, voting together as a single class. Shareholders of record as of the close of business on October 20, 2015 are entitled to vote at the special meeting.
Additional Information and Where to Find It: In connection with the Reclassification, Comcast filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") to hold a special meeting of shareholders to vote on the Reclassification. SHAREHOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT BECAUSE IT DOES CONTAIN IMPORTANT INFORMATION. Copies of documents filed by Comcast with the SEC are available free of charge on this website at http://cmcsa.com or by contacting Comcast's Investor Relations Department at 866-281-2100. You may also obtain free copies of the definitive proxy statement and other documents filed by Comcast with the SEC by accessing the SEC's website at http://www.sec.gov.
Comcast, its directors, certain executive officers, and certain other employees may be deemed under the rules of the SEC to be participants in the solicitation of proxies from the shareholders of Comcast in favor of the Reclassification. Information about the directors and executive officers of Comcast is set forth in its Annual Report on Form 10-K for the year ended December 31, 2014, which was filed with the SEC on February 27, 2015, its proxy statement for its 2015 annual meeting of stockholders, which was filed with the SEC on April 10, 2015, its Quarterly Report on Form 10-Q for the Period Ended September 30, 2015, which was filed with the SEC on October 27, 2015, and its Current Reports on Form 8-K filed with the SEC on March 31, 2015, May 11, 2015, May 22, 2015, July 1, 2015 and July 7, 2015. Shareholders of Comcast may obtain additional information regarding the interests of the participants in the solicitation by reading the definitive proxy statement relating to the Reclassification.
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words or phrases such as "may", "believe," "anticipate," "could", "should," "intend," "plan," "will," "expect(s)," "estimate(s)," "project(s)," "forecast(s)", "positioned," "strategy," "outlook" and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those in the forward-looking statements include the timing to consummate the Reclassification, the risk that shareholder approval may not be obtained and the risk that expected cost savings and administrative efficiencies are not realized or are not realized as soon as may be expected. Additional information concerning these and other factors can be found in Comcast's filings with the SEC, including Comcast's most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Comcast assumes no obligation to update any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
Comcast was first incorporated in the state of Pennsylvania in 1969. Comcast's Initial Public Offering (IPO) was on June 29, 1972. On that date 430,000 shares of CMCSA were issued at $7 per share. On November 18, 2002, Comcast and AT&T Broadband combined to form the new Comcast Corporation.
*Class B Common Stock does not trade publicly and is held entirely by BRCC LLC (a limited liability company controlled by Brian L. Roberts, CEO and President of the Company) and two estate planning trusts of Mr. Roberts. The Class B Common Stock constitutes an undilutable 33 1/3% of the total voting power of all classes of the Company's Common Stock.