Comcast Shareholders OK Plan to Reclassify Stock

Philadelphia Inquirer: Comcast shareholders have approved a plan to convert nonvoting K shares into regular common stock. All nonvoting K shares will be reclassified on a one-to-one basis as class A common stock after Wall Street trading closes on Friday. Comcast has said there was no need for the two stock classes. The Roberts family preserved its 33 percent control of the cable and media conglomerate through super-voting class B shares.