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Zynga founder Mark Pincus reduces voting power

4th May 2018 5:35 am GMT

Social gaming giant Zynga has simplified its stock structure after founder Mark Pincus reduced his overall voting rights in the company to just 10 per cent.

Pincus has converted all of his high voting shares into Zynga’s Class A common stock, enabling Zynga to move from a multi-class to a single class structure.

Pincus’ share conversion establishes voting rights parity for all Zynga shareholders and reduces his overall voting rights in the company from 70 per cent [...]

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