AMC Entertainment Holdings Inc. reported in a Form 8-K dated Feb. 1 that Wanda America Entertainment Inc. converted its AMC class B common stock to class A stock. The conversion was done pursuant to the terms of Article IV, Section M of the company's Third Amended and Restated Certificate of Incorporation. No additional shares of class B common stock will be issued.

Class B shares are entitled to three votes per share on matters submitted for a vote by shareholders. Class A common shares have one vote per share. On the other hand, the economic interests of both share classes are equivalent, so the conversion will have no impact on Wanda's economic interests. Nor will the conversion impact AMC's total number of authorized, or issued and outstanding shares of capital stock.

AMC did not immediately respond to a request for comment.

AMC is the largest movie exhibition company in the world, most recently reporting roughly 953 theaters and 10,700 screens.