[8-K] MicroStrategy Incorporated 8.00% Series A Perpetual Strike Preferred Stock Reports Material Event
MicroStrategy (Nasdaq: MSTR/STRK) disclosed in an 8-K that on 21-Jul-2025 a purported stockholder class action was filed in the Delaware Court of Chancery against the company and its board.
The suit alleges that an Amendment to the Certificate of Designations for the 8.00% Series A Perpetual Strike Preferred Stock (STRK) violated DGCL §242 because common shareholders were not given a vote. Plaintiff David Dodge seeks declarations that the Amendment is invalid, that directors breached fiduciary duties, rescission via a corrective filing, and unspecified monetary damages plus fees.
MicroStrategy states it cannot predict the outcome or quantify potential loss. No financial metrics or guidance changes were provided.
MicroStrategy (Nasdaq: MSTR/STRK) ha comunicato tramite un modulo 8-K che il 21-lug-2025 è stata intentata una presunta class action azionaria presso la Corte di Cancelleria del Delaware contro la società e il suo consiglio di amministrazione.
La causa sostiene che una Modifica al Certificato di Designazioni per le Azioni Preferenziali Perpetue con Strike Serie A all'8,00% (STRK) abbia violato il DGCL §242 perché agli azionisti ordinari non è stato concesso il diritto di voto. Il querelante David Dodge richiede dichiarazioni che la Modifica sia invalida, che i direttori abbiano violato i doveri fiduciari, l'annullamento tramite una rettifica correttiva, e risarcimenti monetari non specificati più le spese legali.
MicroStrategy dichiara di non poter prevedere l'esito né quantificare la possibile perdita. Non sono state fornite metriche finanziarie o modifiche alle previsioni.
MicroStrategy (Nasdaq: MSTR/STRK) informó en un formulario 8-K que el 21 de julio de 2025 se presentó una supuesta demanda colectiva de accionistas en la Corte de Cancillería de Delaware contra la empresa y su junta directiva.
La demanda alega que una Enmienda al Certificado de Designaciones para las Acciones Preferentes Perpetuas Serie A con Strike al 8.00% (STRK) violó el DGCL §242 porque a los accionistas comunes no se les otorgó voto. El demandante David Dodge busca declaraciones que la Enmienda es inválida, que los directores incumplieron sus deberes fiduciarios, la rescisión mediante una presentación correctiva, y daños monetarios no especificados más honorarios.
MicroStrategy declara que no puede predecir el resultado ni cuantificar la posible pérdida. No se proporcionaron métricas financieras ni cambios en las previsiones.
MicroStrategy (나스닥: MSTR/STRK)는 2025년 7월 21일 델라웨어 청문법원에 회사와 이사회를 상대로 한 주주 집단 소송이 제기되었다고 8-K 보고서에서 공개했습니다.
소송은 8.00% 시리즈 A 영구 스트라이크 우선주 (STRK)에 대한 지정 증서 수정안이 일반 주주들에게 투표권을 부여하지 않아 DGCL §242를 위반했다고 주장합니다. 원고 데이비드 도지는 수정안이 무효임을 선언하고, 이사들이 신의성실 의무를 위반했으며, 시정 제출을 통한 취소 및 불특정 금전적 손해배상과 비용을 요구하고 있습니다.
MicroStrategy는 결과를 예측하거나 잠재적 손실을 수치화할 수 없다고 밝혔습니다. 재무 지표나 가이던스 변경은 제공되지 않았습니다.
MicroStrategy (Nasdaq : MSTR/STRK) a révélé dans un formulaire 8-K que, le 21 juillet 2025, une prétendue action collective d'actionnaires a été déposée devant la Cour de chancellerie du Delaware contre la société et son conseil d'administration.
Le procès allègue qu'un amendement au certificat de désignation concernant les actions préférentielles perpétuelles de la série A à 8,00 % (STRK) a violé le DGCL §242 car les actionnaires ordinaires n'ont pas eu de droit de vote. Le plaignant David Dodge demande des déclarations que l'amendement est invalide, que les administrateurs ont manqué à leurs devoirs fiduciaires, une annulation via un dépôt correctif, ainsi que des dommages-intérêts non spécifiés plus les frais.
MicroStrategy déclare qu'elle ne peut pas prédire l'issue ni quantifier la perte potentielle. Aucune donnée financière ni modification des prévisions n'ont été communiquées.
MicroStrategy (Nasdaq: MSTR/STRK) gab in einem 8-K bekannt, dass am 21. Juli 2025 eine angebliche Sammelklage von Aktionären beim Delaware Court of Chancery gegen das Unternehmen und seinen Vorstand eingereicht wurde.
Die Klage behauptet, dass eine Änderung der Designationsurkunde für die 8,00% Series A Perpetual Strike Preferred Stock (STRK) gegen DGCL §242 verstoßen habe, da den Stammaktionären keine Stimmrechte eingeräumt wurden. Kläger David Dodge fordert Feststellungen, dass die Änderung ungültig ist, dass die Direktoren treuhänderische Pflichten verletzt haben, eine Rückabwicklung durch eine korrigierende Einreichung sowie nicht näher bezeichneten Schadensersatz zuzüglich Gebühren.
MicroStrategy gibt an, dass es den Ausgang nicht vorhersagen oder potenzielle Verluste quantifizieren kann. Es wurden keine finanziellen Kennzahlen oder Änderungen der Prognosen bereitgestellt.
- None.
- Class action lawsuit alleging DGCL §242 violation and fiduciary-duty breach introduces legal and governance risk.
- Potential monetary damages and requirement to reverse preferred-stock amendment could create unforeseen costs and execution complexity.
Insights
TL;DR: Lawsuit targets alleged voting bypass on preferred-stock amendment; governance risk rises, potential monetary exposure unknown.
The claim centres on whether altering STRK's liquidation preference required a common-holder vote under DGCL §242. If the court deems the Amendment invalid, the company may need to reverse the change and could owe damages and fees, increasing legal costs and distracting management. Alleged fiduciary-duty breaches could also heighten director liability insurance premiums and shareholder activism. While monetary exposure is not yet quantifiable, litigation uncertainty weighs on governance optics and could mildly pressure equity valuations.
TL;DR: New Delaware class action introduces contingent liability; probability and size of loss remain indeterminate.
Chancery actions move quickly; early motions to dismiss or expedite discovery will shape timeline. Relief sought—rescission of the Amendment plus damages—could impact preferred-stock pricing and complicate future capital-markets activity. Absence of settlement reserve signals management views risk as remote or non-estimable under ASC 450, but disclosure acknowledges materiality. Investors should monitor court docket for scheduling orders or rulings on preliminary injunctions that might freeze the contested terms.
MicroStrategy (Nasdaq: MSTR/STRK) ha comunicato tramite un modulo 8-K che il 21-lug-2025 è stata intentata una presunta class action azionaria presso la Corte di Cancelleria del Delaware contro la società e il suo consiglio di amministrazione.
La causa sostiene che una Modifica al Certificato di Designazioni per le Azioni Preferenziali Perpetue con Strike Serie A all'8,00% (STRK) abbia violato il DGCL §242 perché agli azionisti ordinari non è stato concesso il diritto di voto. Il querelante David Dodge richiede dichiarazioni che la Modifica sia invalida, che i direttori abbiano violato i doveri fiduciari, l'annullamento tramite una rettifica correttiva, e risarcimenti monetari non specificati più le spese legali.
MicroStrategy dichiara di non poter prevedere l'esito né quantificare la possibile perdita. Non sono state fornite metriche finanziarie o modifiche alle previsioni.
MicroStrategy (Nasdaq: MSTR/STRK) informó en un formulario 8-K que el 21 de julio de 2025 se presentó una supuesta demanda colectiva de accionistas en la Corte de Cancillería de Delaware contra la empresa y su junta directiva.
La demanda alega que una Enmienda al Certificado de Designaciones para las Acciones Preferentes Perpetuas Serie A con Strike al 8.00% (STRK) violó el DGCL §242 porque a los accionistas comunes no se les otorgó voto. El demandante David Dodge busca declaraciones que la Enmienda es inválida, que los directores incumplieron sus deberes fiduciarios, la rescisión mediante una presentación correctiva, y daños monetarios no especificados más honorarios.
MicroStrategy declara que no puede predecir el resultado ni cuantificar la posible pérdida. No se proporcionaron métricas financieras ni cambios en las previsiones.
MicroStrategy (나스닥: MSTR/STRK)는 2025년 7월 21일 델라웨어 청문법원에 회사와 이사회를 상대로 한 주주 집단 소송이 제기되었다고 8-K 보고서에서 공개했습니다.
소송은 8.00% 시리즈 A 영구 스트라이크 우선주 (STRK)에 대한 지정 증서 수정안이 일반 주주들에게 투표권을 부여하지 않아 DGCL §242를 위반했다고 주장합니다. 원고 데이비드 도지는 수정안이 무효임을 선언하고, 이사들이 신의성실 의무를 위반했으며, 시정 제출을 통한 취소 및 불특정 금전적 손해배상과 비용을 요구하고 있습니다.
MicroStrategy는 결과를 예측하거나 잠재적 손실을 수치화할 수 없다고 밝혔습니다. 재무 지표나 가이던스 변경은 제공되지 않았습니다.
MicroStrategy (Nasdaq : MSTR/STRK) a révélé dans un formulaire 8-K que, le 21 juillet 2025, une prétendue action collective d'actionnaires a été déposée devant la Cour de chancellerie du Delaware contre la société et son conseil d'administration.
Le procès allègue qu'un amendement au certificat de désignation concernant les actions préférentielles perpétuelles de la série A à 8,00 % (STRK) a violé le DGCL §242 car les actionnaires ordinaires n'ont pas eu de droit de vote. Le plaignant David Dodge demande des déclarations que l'amendement est invalide, que les administrateurs ont manqué à leurs devoirs fiduciaires, une annulation via un dépôt correctif, ainsi que des dommages-intérêts non spécifiés plus les frais.
MicroStrategy déclare qu'elle ne peut pas prédire l'issue ni quantifier la perte potentielle. Aucune donnée financière ni modification des prévisions n'ont été communiquées.
MicroStrategy (Nasdaq: MSTR/STRK) gab in einem 8-K bekannt, dass am 21. Juli 2025 eine angebliche Sammelklage von Aktionären beim Delaware Court of Chancery gegen das Unternehmen und seinen Vorstand eingereicht wurde.
Die Klage behauptet, dass eine Änderung der Designationsurkunde für die 8,00% Series A Perpetual Strike Preferred Stock (STRK) gegen DGCL §242 verstoßen habe, da den Stammaktionären keine Stimmrechte eingeräumt wurden. Kläger David Dodge fordert Feststellungen, dass die Änderung ungültig ist, dass die Direktoren treuhänderische Pflichten verletzt haben, eine Rückabwicklung durch eine korrigierende Einreichung sowie nicht näher bezeichneten Schadensersatz zuzüglich Gebühren.
MicroStrategy gibt an, dass es den Ausgang nicht vorhersagen oder potenzielle Verluste quantifizieren kann. Es wurden keine finanziellen Kennzahlen oder Änderungen der Prognosen bereitgestellt.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01 | Other Events. |
On July 21, 2025, a purported class action lawsuit was filed in the Court of Chancery of the State of Delaware against us and our board of directors (the “Board”) alleging violations of the Delaware General Corporation Law (the “DGCL”), and asserting a claim against our Board for breach of fiduciary duty in connection with the purported DGCL violation. The plaintiff, David Dodge (the “Plaintiff”), purports to assert claims on behalf of himself and similarly situated holders of our common stock alleging that pursuant to Section 242 of the DGCL (“Section 242”), the holders of our common stock were entitled to vote on the filing of a Certificate of Amendment (the “Amendment”) to the Certificate of Designations for our 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share (the “STRK Stock”), which modified certain terms of the STRK Stock so that, together with other conforming changes, the liquidation preference per share of the STRK Stock generally approximates its trading price with a floor of $100, as described in greater detail in our Current Report on Form 8-K filed with the Securities and Exchange Commission on July 7, 2025. The complaint seeks, among other things, an order (i) finding, determining and declaring that we violated Section 242; (ii) finding, determining and declaring that the Board has breached its fiduciary duties; (iii) deeming the Amendment ineffective and requiring that we file a certificate of correction with the Delaware Secretary of State invalidating the Amendment; (iv) awarding unspecified damages to the Plaintiff and class, including interest, attorneys’ fees, costs; and (v) granting other relief. At this time, we cannot predict the outcome or provide a reasonable estimate or range of estimates of the possible outcome or loss, if any, in this matter.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 23, 2025 | MicroStrategy Incorporated (Registrant) | |||||
| By: | /s/ W. Ming Shao | |||||
| Name: | W. Ming Shao | |||||
| Title: | Executive Vice President & General Counsel | |||||
FAQ
What triggered the class action against MicroStrategy (MSTR/STRK)?
Which court is hearing the MicroStrategy lawsuit?
What remedies does the plaintiff seek?
Has MicroStrategy estimated potential financial impact?
Does the lawsuit affect MicroStrategy's common or preferred stock?
Were any earnings or guidance figures updated in this 8-K?
