Google 2013 Annual Report Download - page 24

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18 GOOGLE INC.
PART I
ITEM1A.RiskFactors
stockholdersmayviewasbenecial.Asnotedabove,theissuanceoftheClassCcapitalstockcouldhavetheeectof
prolongingtheinuenceofLarry,Sergey,andEric.
OurboardofdirectorshastherighttoelectdirectorstollavacancycreatedbytheexpansionoftheBoardofDirectors
ortheresignation,death,orremovalofadirector,whichpreventsstockholdersfrombeingabletollvacanciesonour
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.
Ourcerticateofincorporationprohibitscumulativevotingintheelectionofdirectors.Thislimitstheabilityofminority
stockholders to elect director candidates.
StockholdersmustprovideadvancenoticetonominateindividualsforelectiontotheBoardofDirectorsortopropose
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.
AsaDelawarecorporation,wearealsosubjecttocertainDelawareanti-takeoverprovisions.UnderDelawarelaw,acorporation
maynotengageinabusinesscombinationwithanyholderof15%ormoreofitsoutstandingvotingstockunlesstheholderhas
heldthestockforthreeyearsor,amongotherthings,theBoardofDirectorshasapprovedthetransaction.Ourboardofdirectors
couldrelyonDelawarelawtopreventordelayanacquisitionofus.
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