At its Annual Meeting of Stockholders held on June 11, 2025, W. R. Berkley Corporation's Board of Directors received shareholder approval for an amendment to its Restated Certificate of Incorporation. This amendment increases the authorized number of shares of common stock from 1,250,000,000 to 1,875,000,000.
This increase in authorized shares provides the company with enhanced flexibility for future capital management strategies. Such flexibility could support various corporate purposes, including potential equity financings, strategic acquisitions, or other growth initiatives.
The approval reflects the company's proactive approach to maintaining a strong financial position and ensuring it has the necessary tools to pursue long-term strategic objectives. This move is intended to support the company's ability to optimize risk-adjusted returns and shareholder value creation.
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