Kioxia Holdings Corporation [285A.T]
TOKYO, May 15 (Pulse News Wire) – Kioxia Holdings Corporation (285A.T) announced today that its board of directors has resolved to amend certain provisions of its articles of incorporation. The amendments will be presented at the upcoming ordinary shareholders' meeting scheduled for June 25, 2026.
The changes stem from the completion of the repurchase and cancellation of all outstanding preferred shares (Class A and Class B) as detailed in the July 25, 2025 notice. With no future issuance plans, the company intends to remove related clauses and make necessary adjustments. Key amendments include altering the total number of authorized shares from 2,070,000,000 to 2,070,000,000.
Additionally, the removal of sections pertaining to Class A and Class B preferred shares will take effect on June 25, 2026. The revised articles of incorporation will come into force immediately upon approval during the shareholders' meeting on June 25, 2026. This action reflects Kioxia's ongoing efforts to streamline governance structures and align with strategic priorities moving forward.
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