San Antonio Texas Proposed Amendment to create a class of Common Stock that has 1-20th vote per share

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• City: San Antonio
• Control #: US-CC-3-189X
• Format: Word; Rich Text

Description

This sample form, a detailed Proposed Amendment to Create a Class of Common Stock That Has 1/20th Vote Per Share document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The San Antonio Texas Proposed Amendment aims to introduce a new class of Common Stock with a unique voting structure. This amendment proposes the creation of shares that carry a 1-20th (or 5%) voting power per share. This concept entails that each share of this newly established class would have only 1/20th the voting rights of a regular Common Stock share. By implementing this amendment, it allows for more diversity in voting power among shareholders, as it provides a differentiated class of shares with reduced influence. This step towards more equitable voting rights in public companies is gaining attention in San Antonio and beyond. Different types of this proposed amendment to create a class of Common Stock with a 1-20th vote per share may include: 1. Class B Common Stock: The first type could be designated as Class B Common Stock, which incorporates the 1-20th vote per share provision. These shares would be distinct from the regular Class A Common Stock in terms of voting power. 2. Voting-Weighted Common Stock: Another possible name for this class could be Voting-Weighted Common Stock. Such shares would possess a voting power that represents only 5% of the regular Common Stock's voting rights. 3. Fractional Voting Stock: This type of Common Stock could be referred to as Fractional Voting Stock, indicating that each share carries a fraction of the normal voting power. These are just a few potential designations for the different types of Common Stock that might be established under the San Antonio Texas Proposed Amendment. The primary goal here is to create a fairer system by providing shareholders with an alternative class of shares that dilutes their voting influence to 1/20th that of regular Common Stock.

The San Antonio Texas Proposed Amendment aims to introduce a new class of Common Stock with a unique voting structure. This amendment proposes the creation of shares that carry a 1-20th (or 5%) voting power per share. This concept entails that each share of this newly established class would have only 1/20th the voting rights of a regular Common Stock share. By implementing this amendment, it allows for more diversity in voting power among shareholders, as it provides a differentiated class of shares with reduced influence. This step towards more equitable voting rights in public companies is gaining attention in San Antonio and beyond. Different types of this proposed amendment to create a class of Common Stock with a 1-20th vote per share may include: 1. Class B Common Stock: The first type could be designated as Class B Common Stock, which incorporates the 1-20th vote per share provision. These shares would be distinct from the regular Class A Common Stock in terms of voting power. 2. Voting-Weighted Common Stock: Another possible name for this class could be Voting-Weighted Common Stock. Such shares would possess a voting power that represents only 5% of the regular Common Stock's voting rights. 3. Fractional Voting Stock: This type of Common Stock could be referred to as Fractional Voting Stock, indicating that each share carries a fraction of the normal voting power. These are just a few potential designations for the different types of Common Stock that might be established under the San Antonio Texas Proposed Amendment. The primary goal here is to create a fairer system by providing shareholders with an alternative class of shares that dilutes their voting influence to 1/20th that of regular Common Stock.