Sentences with phrase «exercised by shareholders»

The company now has close to $ 20 million in cash and could reap another $ 61 million if outstanding warrants are exercised by shareholders.

Not exact matches

Warren Buffett «s Berkshire Hathaway Inc. (brk - a) has become Bank of America Corp's (bac) largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago.

You are elected by shareholders to exercise your business judgment and discretion.

«The appraisal process — which is exercised multiple times a year by shareholders — allows a court to determine fair value through a judicial process.»

That increases the shares outstanding and dilutes the stake of existing shareholders, since shares issued by the company through the exercise of options are not sold in exchange for cash at fair market value but are exercised at a discount.

Aaron's has a stock option plan that, if fully exercised, would dole out to Allen and Aaron's other executives nearly 14.6 million additional shares, diluting current shareholders by 20 %.

In no case, except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.

The decision to exercise the option was approved by the shareholders.

In no case (except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders) will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award.

In its paper, the BPP Group raises a number of concerns regarding the hard regulatory approach suggested by the Directive proposals and calls upon the European Commission, Parliament and national governments to support the proportionate, principles - based approach to service supplier oversight overwhelmingly supported by shareholders that is embodied in the Best Practice Principles for Shareholder Voting Research & Analysis, stating that «unwarranted or disproportionate legislation may inhibit the provision of independent information and services that assist investors in the exercise of the very rights and responsibilities that the Directive aims to foster and support.»

That sounds awfully like the activist shareholder model that's currently being exercised by state Comptroller Tom DiNapoli, who has sought to squeeze reforms from major companies the state's pension fund has invested in, including greater disclosure of their political activity.

And what the discussion paper is that we're talking about is looking at the various options by which the owners of companies — the shareholders — can exercise more effective control.

... to exercise its fiduciary duty to shareholders by winding up NTII in order to return cash to shareholders as quickly and efficiently as possible.

Shareholders who wish to exercise the redemption right must provide notice by no later than 5 p.m. (EST) on April 15, 2016.

The ownership interest of current KHD shareholders who can not exercise their rights will be diluted by up to 1/3 under this rights plan (if all rights are exercised there will be 3 KHD shares outstanding for every 2 KHD shares outstanding before the rights exercise), but the company will (theoretically) get a facilitated entry into the vast infrastructure building market in China.

Company management finally responded to the newspaper reports by stating, rather hilariously, that «At this stage it is not possible to predict the outcome of this exercise nor quantify the financial impact for shareholders.

The Board has concluded that each of the trustees should initially and continue to serve on the Board because of (i) his or her ability to review and understand information about the Trust provided to them by management, to identify and request other information they may deem relevant to the performance of their duties, to question management regarding material factors bearing on the management of the trust, and to exercise their business judgment in a manner that serves the best interests of the trust's shareholders and (ii) the trustee's experience, qualifications, attributes or skills as described below.

As follows from Stardust Marine, the imputability must be conversely demonstrated «by establishing the actual exercise by the State of the supervisory power which its status as majority shareholder confers upon it» (para 99).

Although it is true that in Stardust Marine the Court inferred the State origin of the resources from the control exercised by the State over a private undertaking through its majority shareholding, this principle is not applicable to the case at issue since the advantage does not originate from a decision of an undertaking, but from a legislation of a general scope — which is equally applicable to electricity providers in which the State is not the majority shareholders.

In this respect, the AG rightly recalls that, if this were true, the imputability to the State would not inevitably follow as Stardust Marine teaches us that, in case of decisions taken by public undertakings, the imputability to the State must be demonstrated by establishing «the actual exercise by the State of the supervisory powers which its status as majority shareholder confers upon it» or «the actual involvement of the public authorities» (para 99) in the adoption of the decision.

The respondents did not allege the directors of Magellan or Koll failed to exercise the requisite care and diligence in discharging their duties by mismanaging those corporations» investments in oil fields, thereby causing financial losses that harmed the respondents as shareholders.

Electronic proxy voting is the principal means by which most shareholders exercise their voting rights.

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