Google 2013 Annual Report Download - page 24
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Please find page 24 of the 2013 Google annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.18 GOOGLE INC.
PART I
ITEM1A.RiskFactors
stockholdersmayviewasbenecial.Asnotedabove,theissuanceoftheClassCcapitalstockcouldhavetheeectof
prolongingtheinuenceofLarry,Sergey,andEric.
OurboardofdirectorshastherighttoelectdirectorstollavacancycreatedbytheexpansionoftheBoardofDirectors
ortheresignation,death,orremovalofadirector,whichpreventsstockholdersfrombeingabletollvacanciesonour
board of directors.
Our stockholders may not act by written consent. As a result, a holder, or holders, controlling a majority of our capital stock
would not be able to take certain actions without holding a stockholders’ meeting.
Ourcerticateofincorporationprohibitscumulativevotingintheelectionofdirectors.Thislimitstheabilityofminority
stockholders to elect director candidates.
StockholdersmustprovideadvancenoticetonominateindividualsforelectiontotheBoardofDirectorsortopropose
matters that can be acted upon at a stockholders’ meeting. These provisions may discourage or deter a potential acquirer
from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain
control of our company.
Our board of directors may issue, without stockholder approval, shares of undesignated preferred stock. The ability to issue
undesignated preferred stock makes it possible for our board of directors to issue preferred stock with voting or other
rights or preferences that could impede the success of any attempt to acquire us.
AsaDelawarecorporation,wearealsosubjecttocertainDelawareanti-takeoverprovisions.UnderDelawarelaw,acorporation
maynotengageinabusinesscombinationwithanyholderof15%ormoreofitsoutstandingvotingstockunlesstheholderhas
heldthestockforthreeyearsor,amongotherthings,theBoardofDirectorshasapprovedthetransaction.Ourboardofdirectors
couldrelyonDelawarelawtopreventordelayanacquisitionofus.
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