No one here seemed to understand your question, which is one I had too. Probably because no one but the board have the answer.
My guess is you can expect a stock price crash if your founder-star CEO moves away from HQ? It would mean tech stocks behave quite differently from e.g. Starbucks. Also seems like a literal chicken race since Mark would be affected even more than the board if that happened on top of everything else.
I guess most likely is they just needed a reason of some sort to report to the SEC so that's what they used. Much nicer sounding than Mark threatening to replace the board, or the board are obviously his puppets, or anything else that happens at a founder-controlled (via low-vote shares) company.
My guess is you can expect a stock price crash if your founder-star CEO moves away from HQ? It would mean tech stocks behave quite differently from e.g. Starbucks. Also seems like a literal chicken race since Mark would be affected even more than the board if that happened on top of everything else.
I guess most likely is they just needed a reason of some sort to report to the SEC so that's what they used. Much nicer sounding than Mark threatening to replace the board, or the board are obviously his puppets, or anything else that happens at a founder-controlled (via low-vote shares) company.