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JUST IN: NATURAL GROCERS’ CONTROLLING SHAREHOLDERS APPROVE A MOVE FROM DELAWARE TO TEXAS.
The NYSE-listed company’s board unanimously backed the reincorporation, and the Isely family group — which controls 57.3% of the voting power — approved it by written consent.
One important detail: this was not a broad shareholder vote. The controlling holders had enough votes to approve the move themselves. Natural Grocers can complete the conversion after the required Schedule 14C notice period.