setting the stage? , early warning reportMaybe I'm overthinking this?
"The purpose of the Common Share Transfers was to reorganize the holdings of Common Shares by the Pollard family."
You're taking one legal entity and dividing the shares into three holding companies ; the question is why? Especially seeing as they agreed to vote as a block.
The only explanation I can come up with is one of the three may want to eventually sell and this makes it cleaner ; presumably to the other two because the voting block agreement means all three would have to agree to a sale to an outside purchaser.