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.
