Netflix, Inc. (NASDAQ: NFLX) reported its stockholder rights plan was amended to accelerate the expiration date to December 30, 2013, effectively terminating the plan as of that date. Stockholders are not required to take any action as a result of this expiration.
In connection with the expiration of the rights plan, Netflix will be taking routine actions to voluntarily deregister the related preferred share purchase rights under the Securities Exchange Act of 1934, and to delist the preferred share purchase rights from NASDAQ. These actions are administrative in nature and will have no effect on Netflix´s common stock, which continues to be listed on NASDAQ.
Netflix is an Internet television network. Members can play, pause and resume watching, all without commercials or commitments.