The way I see it you have different
classes of stock holders those who suffered damage due to fraudalant management and those who didn't suffer damages.
Not exact matches
If you are a
holder of Alphabet
Class A or
Class B common
stock as
of the Record Date, you are requested to vote on the items
of business described in this proxy statement.
This discussion is limited to non-U.S.
holders who purchase our
Class A common
stock issued pursuant to this offering and who hold our
Class A common
stock as a «capital asset» within the meaning
of Section 1221
of the Code (generally, property held for investment).
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.
Transfers by
holders of Class B common
stock will generally result in those shares converting to
Class A common
stock, subject to limited exceptions, such as certain transfers effected for estate planning purposes.
Because
of the ten - to - one voting ratio between our
Class B and
Class A common
stock, the
holders of our
Class B common
stock collectively will hold more than a majority
of the combined voting power
of our common
stock upon the completion
of our initial public offering, and therefore such
holders will be able to control all matters submitted to our stockholders for approval.
Each share
of our
Class B common
stock is convertible at any time at the option
of the
holder into one share
of our
Class A common
stock.
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 c
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 c
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 c
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 c
Class B common
stock, voting separately as a
classclass.
Future transfers by
holders of our
Class B common
stock will generally result in those shares converting into shares
of our
Class A common
stock, subject to limited exceptions.
If we raise additional funds through further issuances
of equity, convertible debt securities, or other securities convertible into equity, our existing stockholders could suffer significant dilution in their percentage ownership
of our company, and any new equity securities we issue could have rights, preferences, and privileges senior to those
of holders of our
Class A common
stock.
These
holders of our
Class B common
stock may have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests.
This discussion assumes that a non-U.S.
holder holds shares
of our
Class A common
stock as a capital asset within the meaning
of Section 1221
of the Code (generally, property held for investment).
After the completion
of this offering, the
holders of up to 248,396,604 shares
of our
Class B common
stock (including shares issuable pursuant to the exercise
of warrants to purchase shares
of our capital
stock that were outstanding as
of September 30, 2015) will be entitled to certain «piggyback» registration rights.
Limited voting
stock - Limited voting
stock is a
class of stock providing its
holders with smaller than proportionate voting rights in comparison with another
class of stock issued by the same firm.
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).
in the case
of our directors, officers, and security
holders, the conversion or reclassification
of our outstanding convertible preferred
stock or other
classes of common
stock into shares
of Class B common
stock in connection with this offering and the conversion
of Class B common
stock to
Class A common
stock in accordance with our restated certificate
of incorporation, provided that any such shares
of Class A common
stock or
Class B common
stock received upon such conversion or reclassification shall remain subject to the restrictions set forth above;
in the case
of our directors, officers, and security
holders, (i) the receipt by the locked - up party from us
of shares
of Class A common
stock or
Class B common
stock upon (A) the exercise or settlement
of stock options or RSUs granted under a
stock incentive plan or other equity award plan described in this prospectus or (B) the exercise
of warrants outstanding and which are described in this prospectus, or (ii) the transfer
of shares
of Class A common
stock,
Class B common
stock, or any securities convertible into
Class A common
stock or
Class B common
stock upon a vesting or settlement event
of our securities or upon the exercise
of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount
of cash needed for the payment
of taxes, including estimated taxes, due as a result
of such vesting or exercise whether by means
of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender
of outstanding
stock options or warrants (or the
Class A common
stock or
Class B common
stock issuable upon the exercise thereof) to us and our cancellation
of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case
of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case
of (ii), any filings under Section 16 (a)
of the Exchange Act, or any other public filing or disclosure
of such transfer by or on behalf
of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer
of shares or securities was solely to us pursuant to the circumstances described in this bullet point;
For example, if we were to make a distribution
of cash to the
holders of Class C common stock but not make a cash distribution or make a distribution of stock instead of cash to the holders of Class A common stock and Class B common stock, the holders of a majority of Class A common stock and Class B common stock, voting together as a single class, would be required to approve that dividend or distribu
Class C common
stock but not make a cash distribution or make a distribution
of stock instead
of cash to the
holders of Class A common stock and Class B common stock, the holders of a majority of Class A common stock and Class B common stock, voting together as a single class, would be required to approve that dividend or distribu
Class A common
stock and
Class B common stock, the holders of a majority of Class A common stock and Class B common stock, voting together as a single class, would be required to approve that dividend or distribu
Class B common
stock, the
holders of a majority
of Class A common stock and Class B common stock, voting together as a single class, would be required to approve that dividend or distribu
Class A common
stock and
Class B common stock, voting together as a single class, would be required to approve that dividend or distribu
Class B common
stock, voting together as a single
class, would be required to approve that dividend or distribu
class, would be required to approve that dividend or distribution.
In any transfer
of shares
of Series FP from the original
holder, the shares
of Series FP will automatically convert to shares
of Class B common
stock at the then - effective conversion rate.
In addition, the discussion and tables above exclude shares
of Class B common
stock, because
holders of the
Class B common
stock are not entitled to distributions or dividends, whether cash or
stock, from Shake Shack.
Stock appreciation rights provide for a payment, or payments, in cash or shares of our Class A common stock, to the holder based upon the difference between the fair market value of our Class A common stock on the date of exercise and the stated exercise price at grant up to a maximum amount of cash or number of sh
Stock appreciation rights provide for a payment, or payments, in cash or shares
of our
Class A common
stock, to the holder based upon the difference between the fair market value of our Class A common stock on the date of exercise and the stated exercise price at grant up to a maximum amount of cash or number of sh
stock, to the
holder based upon the difference between the fair market value
of our
Class A common
stock on the date of exercise and the stated exercise price at grant up to a maximum amount of cash or number of sh
stock on the date
of exercise and the stated exercise price at grant up to a maximum amount
of cash or number
of shares.
distribution, the
holders of a majority
of Class A common
stock could defeat that dividend or distribution.
The Series FP automatically converts to
Class B common
stock on the affirmative election
of the
holders of a majority
of the outstanding shares
of the Series FP.
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.
In that opinion, the first to address fee - shifting provisions following ATP, the Delaware Court
of Chancery found that a fee - shifting bylaw was inapplicable to a share -
holder plaintiff and the
class where the bylaw was adopted after a plaintiff had been forcibly cashed out through a reverse
stock split.
This would mean that an increase in the
Class A
stock would require a vote
of the
holders of Class A
stock and an increase in Common
stock would require a vote
of the
holders of Common
stock.
On behalf
of Coliseum Capital Management, LLC («Coliseum»), the
holder of 9.9 %
of the
Class A Common
Stock of Benihana Inc. (the «Company»), I am writing to express concern over the proposed Agreement and Plan
of Merger (the «Proposal») by and between the Company and its wholly - owned subsidiary BHI Mergersub, Inc..
However, there is a
class of stocks that entitle its
holder a guaranteed dividends every year.
In the case
of Ford, for example, there are 70 million shares
of Class B
stock which receive the same dividend per share as do the common
stock holders.
Holders of our
Class A Common
Stock which represented a majority of the voting power of our outstanding capital stock as of the Record Date, have executed a written consent in favor of the actions described above and have delivered it to us on September 22, 2009, the Consent
Stock which represented a majority
of the voting power
of our outstanding capital
stock as of the Record Date, have executed a written consent in favor of the actions described above and have delivered it to us on September 22, 2009, the Consent
stock as
of the Record Date, have executed a written consent in favor
of the actions described above and have delivered it to us on September 22, 2009, the Consent Date.
The liquidation will not be put to a shareholder vote as «the affirmative vote
of holders of a majority
of all outstanding shares
of our
Class A Common
Stock is required.
The shares
of our common
stock will be distributed on the date
of the spin - off to
holders of NACCO common
stock as
of the record date for the spin - off in book - entry form for our
Class A Common and in certificated form for our
Class B Common in accordance with Section 170
of the General Corporation Law
of the State
of Delaware (the «DGCL»).
At the last count, EA is fending off three different
class action lawsuits over the quality
of the game, including one led by angry EA
stock holders.
The appellant, whose sole officer, director and shareholder is Jeffrey G. MacIntosh,
holder of the Toronto
Stock Exchange Chair in Capital Markets Law at the University
of Toronto Law School, seeks their identities to proceed with a proposed
class action relying on the provisions
of the Securities Act, R.S.O. 1990, c. S. 5, that create private rights
of action.
Payments to non-U.S.
holders of dividends on
Class A common
stock generally will not be subject to backup withholding, so long as the non-U.S.
holder certifies its nonresident status (and we or our paying agent do not have actual knowledge or reason to know the
holder is a U.S. person or that the conditions
of any other exemption are not, in fact, satisfied) or otherwise establishes an exemption.
Backup withholding, currently at a 28 % rate, generally will not apply to payments to a non-U.S.
holder of dividends on or the gross proceeds
of a disposition
of our
Class A common
stock provided the non-U.S.
holder furnishes the required certification for its non-U.S. status, such as by providing a valid IRS Form W - 8BEN, IRS Form W - 8BEN - E or IRS Form W - 8ECI, or certain other requirements are met.
The payment
of proceeds from the disposition
of shares
of our
Class A common
stock by a non-U.S.
holder made to or through a non-U.S. office
of a broker generally will not be subject to backup withholding and information reporting, except as noted below.
Any amounts withheld from a payment to a
holder of Class A common
stock under the backup withholding rules can be credited against any U.S. federal income tax liability
of the
holder and may entitle the
holder to a refund, provided that the required information is furnished to the IRS in a timely manner.
If the offering is consummated, all
of Realogy's Convertible Notes in the aggregate principal amount
of approximately $ 2.1 billion would be converted into
Class A common
stock or redeemed at 90 percent
of the principal amount thereof on or about the closing
of the offering, and
holders of approximately $ 2 billion aggregate principal amount
of such Convertible Notes have indicated that they intend to so convert.
Current Zillow
holders of Class A Common
Stock and
Class B Common
Stock will receive one comparable share
of the combined company at closing, and will represent approximately 67 %
of the combined company.