On April 26, 2024, Alphabet Inc announced that it has received a shareholder proposal from The NorthStar Asset Management, Inc requesting that the Board take all practicable steps in its control to initiate and adopt a recapitalization plan for all outstanding stock to have one vote per share and recommend that this be done through a phase-out process in which the board would, within seven years or other timeframe justified by the board, establish fair and appropriate mechanisms through which disproportionate rights of Class B shareholders could be eliminated. This is not intended to unnecessarily limit the Board?s judgment in crafting the requested change in accordance with applicable laws and existing contracts. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on June 7, 2024.