Like shares of common stock, shares of preferred stock represent an ownership stake in a company — in other words, a claim on its assets and earnings. (investinganswers.com)
In January 2014, the Company's Chief Executive Officer contributed 8,976,000 shares of preferred stock back to the Company for no consideration. (sec.gov)
Our ability to issue the authorized but unissued shares of preferred stock could be used to impede takeovers of our company. (greenbackd.com)