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John Wiley & Sons, Inc. aims to enhance shareholder value through outstanding business performance and effective communication with its shareholders. The company is traded on the New York Stock Exchange under the ticker symbols JWa and JWb, for Class A and Class B shares respectively.
Differences between Class A & Class B Shares
The company has two classes of common stock, Class A and Class B, both listed on the New York Stock Exchange under the symbols JWa and JWb, respectively. The holders of Class A stock are entitled to elect 30% of the entire Board of Directors, and the holders of Class B stock are entitled to elect the remainder. On all other matters, holders of Class A and Class B stock vote together as a single class, with each share of Class A stock entitled to one-tenth of one vote and each share of Class B stock entitled to one vote. Each share of the Class B stock is convertible into one share of Class A stock.