Cook Illinois is proposing to amend its restated articles of incorporation in order to introduce a new class of common stock, referred to as the second class of common stock. This proposed amendment aims to bring about certain changes and enhancements in Cook Illinois' share structure and governance. The second class of common stock is envisioned to provide Cook Illinois with additional flexibility and greater agility in its corporate affairs. This new class will have distinct characteristics and attributes that differentiate it from the existing class of common stock. The proposed amendment is intended to create a differentiated class of stock that would be tailored to meet specific strategic objectives and requirements of Cook Illinois. By introducing a second class of common stock, Cook Illinois aims to allocate voting rights, dividend policies, and other rights and privileges in a manner that aligns with the company's objectives and goals. This amendment would potentially allow Cook Illinois to allocate different voting powers or dividend rights between the two classes of common stock, thereby accommodating specific needs or preferences of the company and its shareholders. The proposed amendment to the restated articles of incorporation is a strategic move intended to provide Cook Illinois with more flexibility in its capital structure and decision-making processes. It will enable the company to adapt and respond better to changing market dynamics, facilitate potential future financings or acquisitions, attract new investors, and potentially enhance shareholder value. In summary, Cook Illinois' proposal to amend its restated articles of incorporation to create a second class of common stock signifies the company's intention to introduce a new class of shares with distinct characteristics and rights. This proposed amendment aims to enhance flexibility and align the stock structure with Cook Illinois' strategic objectives, allowing the company to adapt to changing market conditions and potentially unlocking additional value for shareholders.