Form 8-K - Current report
11 Juillet 2024 - 2:06PM
Edgar (US Regulatory)
MICROSTRATEGY Inc false 0001050446 0001050446 2024-07-11 2024-07-11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 11, 2024
MICROSTRATEGY INCORPORATED
(Exact name of registrant as specified in its charter)
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Delaware |
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0-24435 |
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51-0323571 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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1850 Towers Crescent Plaza Tysons Corner, Virginia |
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22182 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (703) 848-8600
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class |
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Trading Symbol |
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Name of Each Exchange on which Registered |
Class A common stock, par value $0.001 per share |
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MSTR |
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The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On July 11, 2024, MicroStrategy Incorporated (the “Company”) announced that its board of directors has declared a 10-for-1 stock split of the Company’s class A common stock and class B common stock. The stock split will be effected by means of a stock dividend to the holders of record of the Company’s class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend. The dividend is expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024.
The Company issued a press release announcing the stock split. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: July 11, 2024 |
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MicroStrategy Incorporated (Registrant) |
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By: |
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/s/ W. Ming Shao |
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Name: |
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W. Ming Shao |
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Title: |
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Senior Executive Vice President & General Counsel |
Exhibit 99.1
MicroStrategy Announces 10-for-1 Stock Split
TYSONS CORNER, Va., July 11, 2024 MicroStrategy® Incorporated (Nasdaq: MSTR)
(MicroStrategy) today announced that its board of directors has declared a 10-for-1 stock split of MicroStrategys class A common stock
and class B common stock to make MicroStrategys stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of MicroStrategys class A common stock and class B
common stock as of the close of business on August 1, 2024, the record date for the dividend.
As a result of the dividend, each holder of a share of
MicroStrategys class A common stock will receive nine (9) additional shares of class A common stock and each holder of a share of MicroStrategys class B common stock will receive nine (9) additional shares of class B common
stock. In each case, the shares are expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024. The stock dividend will not have any
impact on the voting and other rights of stockholders.
About MicroStrategy Incorporated
MicroStrategy (Nasdaq: MSTR) considers itself the worlds first Bitcoin development company. We are a publicly-traded operating company committed to the
continued development of the bitcoin network through our activities in the financial markets, advocacy and technology innovation. As an operating business, we are able to use cashflows as well as proceeds from equity and debt financings to
accumulate bitcoin, which serves as our primary treasury reserve asset. We also develop and provide industry-leading AI-powered enterprise analytics software that promotes our vision of Intelligence Everywhere, and are using our software development capabilities to develop bitcoin applications. We believe that the combination of our operating structure, bitcoin strategy and focus on technology
innovation provides a unique opportunity for value creation.
MicroStrategy and Intelligence Everywhere are either trademarks or registered trademarks of
MicroStrategy Incorporated in the United States and certain other countries.
MicroStrategy Incorporated
Shirish Jajodia
Investor Relations
ir@microstrategy.com
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