v3.19.3.a.u2
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2019
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 18—SUBSEQUENT EVENTS

On February 26, 2020, Holdings’ Board of Directors declared a cash dividend in the amount of $0.03 per share on Class A and Class B common stock, payable on March 23, 2020 to stockholders of record on March 9, 2020. The dividend decrease of $0.17 per share compared to the Company’s previous historical declarations of $0.20 per share reduces the total dividend payout for the quarter by approximately $18.0 million.

Holdings’ Board of Directors approved a modification to the 2018 and 2019 PSU awards in February 2020, which eliminated the net profit performance target threshold. The Company is currently evaluating the impact on its consolidated financial statements for the three months ended March 31, 2020.