Zynga 2014 Annual Report Download - page 102

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Table of Contents
Other Plans
The following table presents the activity for the three months ended March 31, 2014, June 30, 2014, September 30, 2014 and the three and
twelve months ended December 31, 2014 related to all other remaining historical restructuring plans from prior years (in thousands):
The remaining liability of $2.9 million is expected to be paid out over the next 2.8 years.
10. Stockholders’ Equity
Common Stock
Our three classes of common stock are Class A common stock, Class B common stock and Class C common stock. The following are the
rights and privileges of our classes of common stock:
Dividends . The holders of outstanding shares of our Class A, Class B and Class C common stock are entitled to receive dividends out of
funds legally available at the times and in the amounts that our Board of Directors (the “Board”) may determine.
Voting Rights . Holders of our Class A common stock are entitled to one vote per share, holders of our Class B common stock are entitled
to seven votes per share and holders of our Class C common stock are entitled to 70 votes per share. In general, holders of our Class A common
stock, Class B common stock and Class C common stock will vote together as a single class on all matters submitted to a vote of stockholders,
unless otherwise required by law. Delaware law could require either our Class A common stock, Class B common stock or our Class C common
stock to vote separately as a single class in the following circumstances:
Liquidation. Upon our liquidation, dissolution or winding-up, the assets legally available for distribution to our stockholders would be
distributable ratably among the holders of our Class A, Class B and Class C common stock.
99
A $2.3 million adjustment was recorded in the second quarter of 2014 to reduce our restructuring liability as a result of executing a
sublease agreement with a new tenant in a data center facility we had previously vacated in the first quarter of 2014.
Three Months Ended
Twelve Months
Ended
December 31,
2014
March 31,
2014
June 30,
2014
September 30,
2014
December 31,
2014
Restructuring liability—beginning of period
$
13,561
$
9,813
$
8,128
$
7,011
$
13,561
Restructuring expense and adjustments
(239
)
44
(21
)
(2,873
)
(3,089
)
Cash payments
(3,509
)
(1,729
)
(1,096
)
(1,281
)
(7,615
)
Restructuring liability (2013 Plans)
—
end of period
$
9,813
$
8,128
$
7,011
$
2,857
$
2,857
A $2.9 million adjustment was recorded in the fourth quarter of 2014 to reduce our restructuring liability as a result of executing a sublease
agreement with a new tenant in a data center facility we had previously vacated in the fourth quarter of 2013.
•
If we were to seek to amend our Certificate of Incorporation to increase the authorized number of shares of a class of stock, or to
increase or decrease the par value of a class of stock; and
•
If we were to seek to amend our Certificate of Incorporation in a manner that altered or changed the powers, preferences or special
rights of a class of stock in a manner that affected its holders adversely.
(1)
(1)
(1)