Samsara (NYSE: IOT) holders approve Nevada reincorporation plan
Rhea-AI Filing Summary
Samsara Inc. reports that certain major stockholders have approved a plan to reincorporate the company from Delaware to Nevada by conversion. These Consenting Stockholders acted by written consent instead of holding a stockholder meeting.
As of the close of business on April 28, 2026, the Consenting Stockholders held 1,890,352 shares of Class A common stock and 190,739,972 shares of Class B common stock, representing approximately 76.7% of the voting power entitled to vote. Samsara plans to complete the Nevada reincorporation no earlier than 20 calendar days after mailing an information statement on Schedule 14C to all holders of record of its voting capital stock as of that same date.
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Insights
Samsara’s majority holders approved a move from Delaware to Nevada via written consent.
Samsara Inc. obtained written consent from stockholders holding about 76.7% of its voting power to approve reincorporation from Delaware to Nevada. This allows the company to proceed without a formal stockholder meeting, using a Schedule 14C information statement instead.
Reincorporation changes the governing state law for the company’s charter, bylaws, and fiduciary framework. The filing lists numerous Biswas and Bicket family trusts as Consenting Stockholders, underscoring concentrated voting control. Actual effects will depend on the final Nevada charter, bylaws, and timing of the conversion.
The company plans to effect the Nevada reincorporation no earlier than 20 calendar days after Schedule 14C mailing to holders of record as of April 28, 2026. Subsequent filings may detail any practical changes in governance or shareholder rights under Nevada law.