Paramount Skydance Corp — Form 8-K

Paramount Skydance Corporation filed amended and restated certificate of incorporation and bylaws, effective October 6, 2026. The certificate establishes a dual-class structure: 55M Class A shares (1 vote each) and 7B Class B shares (non-voting), with Class A convertible to Class B at 1.5:1 ratio. David Ellison retains majority control through designation rights; at 50%+ ownership, Ellison designates 5 board members (with supermajority voting power per Ellison Designee). RedBird Capital maintains 1 board seat while holding 5%+ ownership or 100% of original Class A holdings. Specified Reserved Matters require approval from majority of Ellison/RedBird designees until holdings drop below 20%. No substantive financial impact disclosed; transaction agreement dated July 7, 2024 referenced but details minimal in filing.