SunPower Announces Stockholder Approval of Proposal to Reclassify Class A and Class B Common Stock into a Single Class of Common Stock

SunPower Corp. (NASDAQ: SPWRA) (NASDAQ: SPWRB) today announced that at a special meeting of stockholders held earlier today, the company's stockholders approved a proposal to reclassify all outstanding shares of its Class A common stock and Class B common stock into a single class of common stock on a one-for-one basis. The reclassification proposal required the affirmative vote of the holders of a majority of the voting power of the Class A common stock and Class B common stock voting as a single class, as well as the affirmative vote of the holders of a majority of the Class B common stock voting as a separate class.