---
title: "Finance of America stockholders back charter change tying Class B shares 1-for-1 to LLC units"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292356433.md"
description: "Finance of America stockholders approved a charter amendment tying Class B shares to LLC units on a 1-for-1 basis, adjusting voting rights and increasing authorized shares. The update also adds officer exculpation for fiduciary duty claims and incorporates technical changes under Delaware law."
datetime: "2026-07-10T20:41:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292356433.md)
  - [en](https://longbridge.com/en/news/292356433.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292356433.md)
---

# Finance of America stockholders back charter change tying Class B shares 1-for-1 to LLC units

-   Finance of America stockholders executed a written consent on June 26, 2026 to amend and restate the company’s charter. \* Class B Common Stock to be reclassified to match LLC Units, shifting to one vote per Class B share; authorized Class B shares rise to 50,000,000. \* Charter to add officer exculpation, limiting personal monetary liability for certain fiduciary-duty-of-care claims to the extent permitted under Delaware law. \* Other updates include technical changes tied to Delaware law, governance definitions, and integration of the Series A Convertible Perpetual Preferred Stock designation. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finance of America Companies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-028222), on July 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

### Related Stocks

- [FOA.US](https://longbridge.com/en/quote/FOA.US.md)

## Related News & Research

- [Finance of America updates bylaws for stockholder proposals, meetings under Delaware, SEC rules](https://longbridge.com/en/news/294735640.md)
- [Finance of America President Kristen Sieffert disposes of 750 common shares for $17,706.3](https://longbridge.com/en/news/295009227.md)
- [Some investors are panicking about memory stocks. Micron shareholders should keep a cool head.](https://longbridge.com/en/news/294676395.md)
- [CoreWeave Chief Development Officer Brannin McBee sells USD 10.33 million in Class A common shares](https://longbridge.com/en/news/295013120.md)
- [Alclear Investments disposes of USD 19.64 million Clear Secure common shares](https://longbridge.com/en/news/295276859.md)