1406006 Informal Interpretation

us-ftc-hsr-informal-interpretations-a5cd835e804cd497eaf2d89f91ab4ea01406006 Informal InterpretationGuidance

Date

Tags:

Rule
801.1(f)
Staff
Michael Verne
Response/Comments
No - they are still voting securities

Question

From: (Redacted)
Sent: Thursday, June 12, 2014 9:30AM
To: Verne, B. Michael; Walsh, Kathryn E.
Subject: Voting Securities

Mike and Kate,

For purposes of the definition of control of a corporation, would a shareholder's waiver of his voting rights render his shares non-voting securities as long as he is the holder of shares that carry the right to elect directors?


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