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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 JW-A and JW-B, 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 JW-A and JW-B, 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.