Does this table provide information about equity for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
**Common Stock—**At December 31, 2024, Pritzker family business interests beneficially owned, in the aggregate, approximately 95.8% of our Class B common stock and approximately 1.8% of our Class A common stock, representing approximately 54.1% of the outstanding shares of our common stock and approximately 88.8% of the total voting power of our outstanding common stock. As a result, consistent with the voting agreements contained in the Amended and Restated Global Hyatt Agreement and Amended and Restated Foreign Global Hyatt Agreement, Pritzker family business interests are able to exert a significant degree of influence or actual control over our management and affairs and over matters requiring stockholder approval, including the election of directors and other significant corporate transactions. While the voting agreements are in effect, they may provide our board of directors with effective control over matters requiring stockholder approval. Because of our dual class ownership structure, Pritzker family business interests will continue to exert a significant degree of influence or actual control over matters requiring stockholder approval, even if they own less than 50% of the outstanding shares of our common stock. Pursuant to the Amended and Restated Global Hyatt Agreement and Amended and Restated Foreign Global Hyatt Agreement, the Pritzker family business interests have agreed to certain voting agreements and to certain limitations with respect to the sale of shares of our common stock. In addition, other stockholders beneficially own, in the aggregate, approximately 4.2% of our outstanding Class B common stock representing approximately 2.4% of the outstanding shares of our common stock and approximately 3.9% of the total voting power of our outstanding common stock. Pursuant to the 2007 Stockholders' Agreement, these entities have also agreed to certain voting agreements and to certain limitations with respect to the sale of shares of our common stock.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, Item 21 includes information regarding stockholders' equity. Specifically, as of December 31, 2024, the Pritzker family business interests beneficially owned approximately 95.8% of the Class B common stock and approximately 1.8% of the Class A common stock. This ownership represents approximately 54.1% of the outstanding shares of common stock and approximately 88.8% of the total voting power. Other stockholders beneficially own approximately 4.2% of the outstanding Class B common stock, representing approximately 2.4% of the outstanding shares of common stock and approximately 3.9% of the total voting power.
This significant ownership stake allows the Pritzker family business interests to exert considerable influence over Caption By Hyatt's management, affairs, and matters requiring stockholder approval, including the election of directors and significant corporate transactions. The voting agreements in place further solidify their control, potentially giving the board of directors effective control over matters needing stockholder approval.
The dual-class ownership structure ensures that the Pritzker family business interests maintain substantial control even if their ownership falls below 50% of the outstanding common stock. These interests have also agreed to certain voting agreements and limitations on the sale of their common stock, as have other stockholders through the 2007 Stockholders' Agreement. This complex ownership and voting structure is important for prospective franchisees to understand, as it outlines the distribution of power and control within the Caption By Hyatt organization.