Sentences with phrase «class voting shares»

The $ 0.10 (Canadian) dividend yields 2.0 % for the class A voting shares; the $ 0.102 dividend paid on the more liquid class B subordinate voting shares also yields 2.0 %.

He is also the author of several IGOPP policy papers, which offer new perspectives on a range of controversial issues including: Dual - class voting shares, Corporate Citizenship, The place of women on boards of directors, Say - on - Pay by shareholders, The Gordian knot of executive compensation, The Troubling Case of Proxy Advisors, among others.

Not exact matches

In 1996, Buffett created Class B shares worth 1 / 30th of Class A shares, but with lesser voting rights, to stop fee - hungry managers from creating «unit trusts» that sliced up Class A shares for smaller investors seeking «Berkshire look - alikes.»

She has also relinquished her voting control of Theranos by converting her super-majority Theranos Class B Common shares to Class A Common shares.

announced a new share - class structure that would voluntarily reduce the voting power of co-founder

In November 2009, Facebook's board of directors voted to establish a dual - class stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pclass stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pClass A to Class B shares, which carry 10 times the voting pClass B shares, which carry 10 times the voting power.

Shareholders will now have one vote per share, ending a class of supervoting shares in a move that substantially decreases the power of Kalanick and some other early investors.

Amaya's annual meeting has been delayed until July 30, when shareholders will vote on the creation of a new class of convertible preferred shares that are part of the transaction.

Dual - class share structures, which give controlling shareholders more than one vote per share or designate some shares as non-voting, are particularly unpopular among governance wonks and institutional investors.

The company has more than 40 million Class B shares outstanding, which carry 10 votes per share.

The Class A shares sold in this offering will come with limited voting rights — one vote per share.

If the business is a corporation, «at least 51 percent of each class of voting stock and 51 percent of the aggregate of all outstanding shares of stock must be unconditionally owned by an individual (s) determined by SBA to be socially and economically disadvantaged,» stated the Small Business Administration.

Kalanick's large holdings of Class B shares, which awarded him 10 - to - 1 voting power, will transform so each shareholder has one vote per share, The New York Times reported.

Class A shares each entitled to a single vote — a relatively minimal level of voting power.

In a Medium post on Wednesday, Pincus announced that he will convert his super voting shares in the company into plain old Class A common stock.

Often by keeping control with two classes of stock: voting shares for founders and original investors, and non-voting for everyone else.

But the family remains in control, thanks to founder Ted Rogers» prescience in keeping near - total control over the company's Class A voting shares.

In the case of Bombardier, the controlling families hold a 53 % voting stake through Class A shares.

Nonetheless all the directors were reelected by wide margins at the company's annual meeting last year, reflecting how Redstone controls a supermajority of the company's Class A voting shares through his holding company, National Amusements.

The eight members of the Beaudoin - Bombardier family — heirs of Joseph - Armand Bombardier, who invented the snowmobile — control the company through a dual - class share structure that gives class A shares, 54 % of which are owned by the family members, 10 votes apiece.

For example, despite the fact that more than 85 % of outsiders (average shareholders) voted AGAINST the creation of a third class of stock (class C) in 2012, the weight of the insiders» 10 votes per share allowed the passage of this proposal.

For example, despite the fact that more than 85 % of outsiders (average shareholders) voted AGAINST the creation of a third class of stock (class C), the weight of the insiders» 10 votes per share allowed the passage of this proposal.

When Facebook staged its initial public offering six years ago, it implemented a dual - class share structure that means Zuckerberg personally controls a majority of the voting stock even though other investors own the majority of the financial value of the company.

Xiaomi said it would have a weighted voting rights (WVR) structure, or dual - class shares.

Dual classes give some shareholders more voting rights per share than others.

As part of the listing, which could come as soon as June, Xiaomi will offer dual - class shares, which allow for weighted voting rights.

As long as stock exchanges allow dual shareholder classes, Google, Facebook and other Internet titans will probably never adopt a one - share, one - vote system.

Such conversions of Class B common stock to Class A common stock upon transfer will have the effect, over time, of increasing the relative voting power of those holders of Class B common stock who retain their shares in the long term.

Each Class A share has 10 votes while each Class B share has one vote.

In addition, each share of our Class B common stock will convert automatically into one share of our Class A common stock upon any transfer, whether or not for value, except for transfers to existing holders of Class B common stock and certain other transfers described in our amended and restated certificate of incorporation, or upon the affirmative vote of a majority of the voting power of the outstanding shares of our Class B common stock, voting separately as a cClass B common stock will convert automatically into one share of our Class A common stock upon any transfer, whether or not for value, except for transfers to existing holders of Class B common stock and certain other transfers described in our amended and restated certificate of incorporation, or upon the affirmative vote of a majority of the voting power of the outstanding shares of our Class B common stock, voting separately as a cClass A common stock upon any transfer, whether or not for value, except for transfers to existing holders of Class B common stock and certain other transfers described in our amended and restated certificate of incorporation, or upon the affirmative vote of a majority of the voting power of the outstanding shares of our Class B common stock, voting separately as a cClass B common stock and certain other transfers described in our amended and restated certificate of incorporation, or upon the affirmative vote of a majority of the voting power of the outstanding shares of our Class B common stock, voting separately as a cClass B common stock, voting separately as a classclass.

When the shares of our Class B common stock represent less than 5 % of combined voting power of our Class A common stock and Class B common stock, the then - outstanding shares of Class B common stock will automatically convert into shares of Class A common stock.

Class A shareholders receive one vote per share, Class B shareholders receive 10 votes per share and Class C shareholders receive no voting rights.

Furthermore, investors purchasing shares of our Class A common stock in this offering will only own approximately % of our outstanding shares of Class A and Class B common stock (and have % of the combined voting power of the outstanding shares of our Class A and Class B common stock), after the offering even though their aggregate investment will represent % of the total consideration received by us in connection with all initial sales of shares of our capital stock outstanding as of September 30, 2010, after giving effect to the issuance of shares of our Class A common stock in this offering and shares of our Class A common stock to be sold by certain selling stockholders.

All outstanding shares of our Class B common stock will convert into shares of our Class A common stock when the shares of our Class B common stock represent less than 5 % of the combined voting power of our Class A common stock and Class B common stock.

Usually one voting common share class but sometimes a non-voting common share class may be established for stock option grants in addition to voting share class.

Accordingly, the voting power afforded to the Continuing LLC Owners through their shares of Class B common stock is automatically and correspondingly reduced as they exchange LLC Units for shares of Class A common stock pursuant to the Exchange Agreement described below.

These shares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoshares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoShares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoshares has the most voting rights and when they are issued to the shareholders.

Limited - voting shares allow another class of stock effectively to control the election...

Accordingly, the voting power afforded to the Continuing LLC Owners by their shares of Class B common stock is automatically and correspondingly reduced as they exchange LLC Units and Class B common stock for shares of the our Class A common stock pursuant to the Exchange Agreement.

Conversion Rights — All convertible preferred stock will be automatically converted into common stock upon (i) the closing of an underwritten public offering of shares of common stock of the Company at a public offering price per share that provides at least $ 100 million in aggregate gross proceeds or (ii) approval of at least (a) holders of 66 % of the Series A convertible preferred stock, voting as a single class on an as - converted basis; (b) holders of a majority of the Series B convertible preferred stock, voting as a single class on an as - converted basis; (c) holders of a majority of the Series D convertible preferred stock, voting as a single class on an as - converted basis; and (d) the holders of at least a majority of the then outstanding shares of convertible preferred stock (voting together as a single class and not a separate series, and on an as - converted basis).

The Class A shares are essentially the preexisting common stock under a new name, retaining all of its former attributes, including the usual one vote per share.

In particular, companies should be allowed to introduce dual - class shares after they have gone public, subject to a majority - of - minority shareholder vote.

Another good example of a dual class transaction that fails to raise conflict of interest concerns is subsequent issuance of lesser - voting rights shares.

In this way, dual - class shares would deliver one unfulfilled promise of loyalty shares, namely the temporary character of the departure from one - share - one - vote.

[17] After 1918, a growing number of corporations issued two classes of common stock: one having full voting rights on a one vote per share basis, the other having no voting rights (but sometimes having greater dividend rights).

The class of shares issued publically has limited voting rights, while the class issued to insiders carries more voting rights and allows them to retain control of the company.

MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC's annual proxy statement and Form 10 - K filings with the U.S. Securities and Exchange Commission.

Issuing shares of Class A common stock to fund an acquisition would cause economic dilution to existing stockholders but not voting dilution.

The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.

The first is a familiar one: A shareholder group asked Alphabet to scrap its dual - voting structure, proposed four years ago, that clumps most voting power in Class B shares, which are primarily owned by Google co-founders and Alphabet chiefs Larry Page and Sergey Brin.