Want to learn the details of the Bezos split? SEC filings hold clues

Some details on the split between Jeff Bezos and his wife, MacKenzie, became public Thursday — not splashed across tabloid pages, not in some dramatic courtroom flourish, but in a dry Securities and Exchange Commission filing and a brief statement from the splitting pair saying the Amazon.com founder was keeping 75% of the couple’s company stock.

After 25 years, four kids — and the creation of Amazon.com AMZN, -0.10%   — Jeff Bezos, the tech behemoth’s CEO, and MacKenzie announced in January they were deciding to divorce.

The parting pair will join the hundreds of thousands of Americans who split every year. But that’s pretty much where the similarities end. Carving up complex assets, dealing with white-hot media curiosity and the sheer amount of money at play are all ways this is not the undoing of any normal nuptial, divorce lawyers told MarketWatch.

Bezos, 55, the world’s richest man for now at least, is someone who’s very used to getting his way, said California matrimonial attorney Peter Walzer, president of the American Academy of Matrimonial Lawyers.

“In this arena, he’s got to compromise and work out a deal or the end result could be bad for him, his investors, the company, everyone involved.”

Kind of a corporate deal

And it looks like a deal did get hammered out. Apart from agreeing to Jeff Bezos’ hold on 75% of the couple’s shares, MacKenzie will receive about 4% of the company’s outstanding shares and is giving up voting rights, according to an SEC filing. She also will not have a stake in the Washington Post, the “complexifier” national newspaper Bezos owns, or his space-travel company Blue Origin, according to her statement on Twitter TWTR, +0.12%   Thursday afternoon.

MacKenzie tweeted Thursday she was “Grateful to have finished the process of dissolving my

Read More Here...

Bookmark the permalink.