Recent Updates — NET
At its 2026 Annual Meeting on June 30, 2026, Cloudflare stockholders approved several material corporate governance changes. Key approvals include the establishment of Class C common stock, the implementation of a Class C Split, and increasing the authorized shares of Class A common stock from 2.25 billion to 4.5 billion and preferred stock from 225 million to 450 million. Stockholders also approved the amendment and restatement of the 2019 Equity Incentive Plan and the 2019 Employee Stock Purchase Plan, as well as a requirement for majority independent director approval for acquisitions using Class C shares exceeding $100 million in fair market value. Cloudflare provides cloud-based network services to help businesses build, secure, and run applications.
At its 2026 Annual Meeting held on June 30, 2025, Cloudflare, Inc. stockholders approved several significant structural changes. Key approvals included the establishment of Class C common stock and an amendment to the certificate of incorporation to implement a Class C Split. Additionally, stockholders approved increasing authorized Class A Common Stock from 2,250,000,000 to 4,500,000,000 shares and increasing authorized preferred stock from 225,000,000 to 450,000,000 shares. The meeting also resulted in the election of Michelle Zatlyn, Scott Sandell, and Karim Lakhani as Class I directors, the ratification of KPMG LLP as independent auditor, and the amendment and restatement of the 2019 Equity Incentive Plan and the 2019 Employee Stock Purchase Plan. Cloudflare, Inc. provides cloud infrastructure and cybersecurity services.