When a company wants to sell more shares, this is called an increase
of authorized share capital.
Netflix telegraphed the move earlier this year, asking investors to boost the number
of authorized shares to about 5 billion from 170 million.
In addition, the number
of authorized shares of common stock may be increased by a vote of the majority of the outstanding stock of the corporation if the Certificate of Incorporation allows.
The warrants will be exercisable upon the approval by the Company's shareholders of the amendment to the Company's articles of incorporation to increase the number
of authorized shares of Common Stock, and will expire five years from such date.
This fee is based on the number
of authorized shares.
Not exact matches
Employee stock - option programs are typically
authorized by a company's board
of directors (and have historically been approved by the shareholders) and give the company discretion to award options to employees equal to a certain percentage
of the company's
shares outstanding.
As a corporation, KKR plans to pay an annualized dividend
of 50 cents per common
share and increase its
authorized share repurchase amount to $ 500 million.
That means ensuring that documents and other content can be
shared only with
authorized users in order to limit the risk
of data loss.
How many
shares of common and preferred stock have been
authorized and issued, and who owns what?
This number is calculated using the
share counting rules described in Sections 5 (a) and 5 (b)
of the 2014 Plan and includes the number
of shares available for new award grants under the 2014 Plan out
of the 385 million
shares authorized by shareholders upon adoption
of the 2014 Plan; the number
of shares available for new award grants under the 2003 Employee Stock Plan (the «2003 Plan») on the date that shareholders approved the 2014 Plan; the number
of shares subject to outstanding stock options under the 2003 Plan and 2014 Plan as
of November 17, 2015; and two times the number
of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as
of November 17, 2015 (all adjusted for the 7 - for - 1 stock split).
If you are a beneficial holder and do not provide specific voting instructions to your broker, under a recent rule change the organization that holds your
shares will not be
authorized to vote on the election
of directors.
Effective January 22, 2008, the Board
of Directors
authorized an additional 100,000
shares of common stock for
Your proxy
authorizes Michael J. Loughlin, James M. Strother, and Julie M. White, and each
of them, with full power
of substitution, as proxies, to vote your
shares in the same manner as if you had voted your
shares in person at the Annual Meeting.
In addition, our certificate
of incorporation will
authorize shares of undesignated preferred stock, the rights, preferences and privileges
of which may be designated from time to time by our board
of directors.
Giving us your proxy means that you
authorize another person or persons to vote your
shares of common stock at the annual meeting in the manner
The number
of shares of the Company's
authorized common stock was last increased in 2001, when the stockholders approved an amendment to the Certificate
of Incorporation to increase the
authorized common stock from 4 billion to 6 billion
shares.
In April 2013, the board
authorized a dramatic increase, more than doubling the size
of the program to $ 100 billion, raising the dividend, and increasing the
share buyback authorization to $ 60 billion.
The NYSE currently considers the proposals to approve the non-binding advisory resolution regarding the compensation
of the Company's named executives (Item 2), the amendment to our Certificate
of Incorporation to increase the Company's
authorized shares of common stock (Item 3), and the ratification
of our independent auditors (Item 4) as routine matters.
Although the Company currently has no definitive plans for the issuance
of any additional
authorized shares, the
Any entity over which you or a Family Member has (have) individual or
shared authority, as principal, has investment discretion and control (for example, an UGMA / UTMA account for a child on which you or a Family Member is the custodian, a trust on which you or a Family Member is the trustee, a business account [not to include retirement plans] for your solely owned business [or the solely owned business
of a Family Member] on which you or a Family Member is the
authorized signer);
Given the recent volatility in public markets, we wanted to
authorize the buyback to be in a position to take advantage
of opportunities to purchase
shares at attractive prices.
The Company's issuance
of shares of common stock, including the additional
shares that will be
authorized if the proposal is adopted, may dilute the equity ownership position
of current holders
of common stock and may be made without stockholder approval, unless otherwise required by applicable laws or NYSE regulations.
If you vote by Internet, telephone, or mail, you
authorize, as applicable, the 401 (k) Plan trustee or the Stock Purchase Plan custodian to designate Michael J. Loughlin, James M. Strother, and Julie M. White, and each
of them, with full power
of substitution, as proxies, to vote your
shares as you instruct at the Annual Meeting.
The El Dorado, Arkansas - based company also said its board
authorized a special dividend
of $ 2.50 per
share for a total payout
of about $ 500 million, and a common stock buyback program
of up to $ 1 billion.
If you vote by Internet, telephone, or mail, you
authorize, as applicable, the 401 (k) Plan trustee or the Stock Purchase Plan custodian to designate Patricia R. Callahan, Michael J. Loughlin, and James M. Strother, and each
of them, with full power
of substitution, as proxies, to vote the
shares as you instruct at the Annual Meeting.
But prior to that these had been lax enough for vast amounts
of personal data to be sucked out without most users being aware — because the data
sharing was being «
authorized» by their Facebook friends (who also likely weren't aware what they were agreeing to).
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors
authorized a quarterly cash dividend
of $ 0.25 per
share of common stock payable on October 8, 2015 to shareholders
of record as
of September 24, 2015.
Our board
of directors is
authorized, without stockholder approval except as required by the listing standards
of NASDAQ, to issue additional
shares of our capital stock.
Capital Stock - Capital stock is the number
of shares a specific company has
authorized for sale in accordance with the company's charter, and that includes both common stocks and preferred stocks.
In determining the size
of the requested increase in the
authorized share pool, we considered the level
of overhang and took into account the fact that a substantial portion
of the current outstanding equity awards are held by our CEO and had been granted to him prior to our initial public offering in 2006 (the «IPO»).
as to
Shares deliverable on the exercise
of Options or Stock Appreciation Rights, or in settlement
of Performance Units or Restricted Stock Units, until the delivery (as evidenced by the appropriate entry on the books
of Walmart
of a duly
authorized transfer agent
of Walmart)
of such
Shares, give the Recipient the right to vote, or receive dividends on, or exercise any other rights as a stockholder with respect to such
Shares, notwithstanding the exercise (in the case
of Options or Stock Appreciation Rights)
of the related Plan Award;
The Board did not
authorize Shkreli to reallocate the Fearnow Escrow
Shares for the benefit
of himself or others, or to enter into the Forward Purchase Agreements.
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors
authorized a quarterly cash dividend
of $ 0.25 per
share of common stock payable on July 2, 2015 to shareholders
of record as
of June 18, 2015.
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors
authorized a quarterly cash dividend
of $ 0.40 per
share of common stock, an increase
of 14.2 percent over the previous quarterly dividend
of $ 0.35 per
share.
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors
authorized a quarterly cash dividend
of $ 0.40 per
share of common stock.
Announced a 5 million
share increase to their buyback program, bringing their total
authorized buyback plan to 10 million
shares which will retire about 10 %
of the company's outstanding stock if fully executed.
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors
authorized a quarterly cash dividend
of $ 0.25 per
share of common stock payable on March 11, 2015 to shareholders
of record as
of February 26, 2015.
In addition, the company announced that its Board
of Directors has
authorized a
share repurchase program under which the company may repurchase up to 3,500,000
shares of its outstanding common stock.
ORLANDO, Fla. — February 12, 2016 — Marriott Vacations Worldwide Corporation's (NYSE: VAC) board
of directors
authorized a quarterly cash dividend
of $ 0.30 per
share of common stock.
The company's board
of directors has
authorized the repurchase
of an additional 2 million
shares of its common stock, bringing the total
share authorization under its
share repurchase program to approximately 3.4 million
shares.
When
authorized participants — the special ETF market makers who have the ability to make and destroy ETF
shares — wish to redeem their ETF
shares, they can do so by trading them in to the issuer, which delivers an equivalent amount
of the ETF's underlying holdings in an «in - kind» transaction.
RxAdvance is a national full - service pharmacy benefit manager that leverages Collaborative PBM Cloud ™ to deliver integrated PBM services through three distinct service offerings: nirvanaRxCloud ™, a cloud - based, full - service PBM solution that reduces overall pharmacy costs; nirvanaAccountableCare ™, a risk -
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ORLANDO, Fla. — May 13, 2016 — Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors
authorized a quarterly cash dividend
of $ 0.30 per
share of common stock.
If you own
shares of record, meaning that your
shares are represented by certificates or book entries in your name so that you appear as a shareholder on the records
of Computershare, our stock transfer agent, you may vote by proxy, meaning you
authorize individuals named in the proxy card to vote your
shares.
Your telephone vote
authorizes the individuals named on the front
of the proxy card to vote your
shares at the annual meeting in the same manner as if you marked, signed and returned this card, including the grant
of discretionary authority referenced on this card.
«RESOLVED, that the shareholders hereby approve, on an advisory basis, High River's proposal that Apple commit to completing not less than $ 50 billion
of share repurchases during Apple's fiscal year ending September 27, 2014 (and increase the amount
authorized for
share repurchases under its Capital Return Program accordingly).»
Lyft filed to raise as much as $ 1 billion earlier this month,
authorizing close to 37 million
shares at a price
of around $ 26.79.
On July 21, 2017, the board
of directors
of Croe, subject to the approval
of Croe stockholders, adopted the Croe, Inc. 2017 Equity Incentive Plan and
authorized the reservation
of 5,000,000
shares of common stock for issuance pursuant to awards granted thereunder.
We may purchase our own fully paid
shares otherwise than on a recognized investment exchange pursuant to a purchase contract
authorized by resolution
of shareholders before the purchase takes place.
After this offering, we will have an aggregate
of shares of common stock
authorized but unissued and not reserved for issuance under our equity incentive plans, options granted to our founders or otherwise.