An 8K filing reveals that Dreamworks Animation (NASDAQ:DWA) co-founder David Geffen and two entities controlled by him converted all of their Class B stock in the company to Class A stock. According to the filing, “All of the shares of Class B Common Stock, which represent approximately 61% of the Company’s total voting power, are held by Jeffrey Katzenberg and entities controlled by him,” as a result of the conversion.
Maybe so, but doubt it. Mr. Spielberg is a voting holder also, so he would need to concure.
Don't think they could buy back the stock, so it would have to be a sale and that's not
a clear thing to do with the JV thing lurking and 400M in debt.
They're expanding now, too much going on to mess with that subject. But still the
question as to why Katz wanted that much control, I think defense, probably for China.