Ohio Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock

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US-CC-3-214E
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This sample form, a detailed Proposal to Amend the Amended and Restated Articles of Incorporation to Effect a Reverse Stock Split of Common Stock and to Authorize a Share Dividend on the Common Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

Ohio Proposal, Reverse Stock Split, Articles of Incorporation, Common Stock, Share Dividend The Ohio Proposal aims to amend the articles of incorporation of a company to implement a reverse stock split of its common stock and authorize a share dividend on common stock. This proposal signifies a strategic move by the company to optimize its capital structure and enhance shareholder value. A reverse stock split involves reducing the number of outstanding shares of a company's common stock while proportionally increasing the stock price. This action can be taken to meet certain exchange requirements, boost the stock's appeal to investors, and potentially attract institutional investors. The reverse stock split aims to consolidate the company's common stock, resulting in a higher price per share. Additionally, the proposal authorizes a share dividend on common stock. This means that existing shareholders would receive additional shares of common stock in proportion to their current holdings. This strategy is often employed to reward shareholders and potentially increase liquidity in the market. Different types of Ohio Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock can include: 1. Fractional Reverse Stock Split: In cases where the reverse stock split does not produce a whole number of common shares, the proposal may include provisions to handle fractional shares. This could involve cash payments or rounding up/down to the nearest whole share. 2. Reverse Stock Split with Voting Rights Modification: Some companies may choose to amend their articles of incorporation to modify the voting rights of shareholders after a reverse stock split. This could impact the influence and control of certain shareholders. 3. Differential Share Dividend: Instead of distributing additional shares of common stock equally to all shareholders, the proposal may authorize the issuance of shares based on a formula that considers factors such as the number of shares held, length of ownership, or other predetermined criteria. In summary, the Ohio Proposal to amend articles of incorporation aims to implement a reverse stock split of common stock and authorize a share dividend on common stock. These actions can be undertaken to optimize the capital structure, comply with exchange requirements, attract investors, reward shareholders, and potentially increase liquidity. Different variations of this proposal may exist depending on factors such as the handling of fractional shares, modifications to voting rights, or differential distribution of share dividends.

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  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock

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Reverse stock splits work the same way as regular stock splits but in reverse. A reverse split takes multiple shares from investors and replaces them with fewer shares. The new share price is proportionally higher, leaving the total market value of the company unchanged.

In a reverse stock split, proportionate adjustments are generally required to be made to the per share exercise price and the number of shares issuable upon the exercise or conversion of all outstanding options, warrants, convertible or exchangeable securities entitling the holders to purchase, exchange for, or convert ...

Depending on the particular facts, companies pursuing a reverse stock split may also be required to file a proxy statement on Schedule 14A, if shareholder approval is required, or a Schedule 13E-3, if the reverse stock split will result in the company ?going private.? Corporate filings can be found on EDGAR.?

Listing Rule 5250(b)(4) will require companies to provide public notice of a reverse split, using a Reg FD-compliant method, no later than p.m. ET at least two business days prior to the proposed market effective date.

Stockholders should note that certain disadvantages may result from the Reverse Stock Split. The number of outstanding shares of Common Stock will be decreased as a result of a Reverse Stock Split, but the number of authorized shares of Common Stock will not be so decreased.

The number of outstanding shares of Common Stock will be decreased as a result of a Reverse Stock Split, but the number of authorized shares of Common Stock will not be so decreased.

Reverse stock splits are proposed by company management and are subject to consent from the shareholders through their voting rights.

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Subject to the preferences of any outstanding preferred shares, each common share shall be entitled to participate equally in such dividends as may be declared ... In the event the Corporation shall at any time declare or pay any dividend on Common Shares payable in Common Shares, or effect a subdivision or combination of ...(a) A reclassification of securities, including a share split, a share dividend or other distribution of shares, or a reverse share split;. (b) A ... ... proposes to amend its articles of association to decrease the number of authorized shares of common stock and to increase the par value of each resulting share. OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" THE AMENDMENT OF OUR ARTICLES OF INCORPORATION TO EFFECT A REVERSE/FORWARD STOCK SPLIT. 27. Jul 10, 2023 — Proposal 3 — Approval of an amendment to the articles of incorporation of the Company (the “Articles of Incorporation”) to effect a reverse ... May 22, 2023 — The Stockholders approved the amendment of the Company's Charter to effect a reverse stock split of the Company's Class A common stock at a ... No liability for the investors (limited liability); Investment is not withdrawable until the business is shut down; Shares are transferrable. What is a ... ... the meeting. PLEASE SIGN EXACTLY AS NAME APPEARS BELOW. ANY SHARES OF ELI LILLY AND COMPANY COMMON STOCK IN THE PLAN FOR WHICH VOTING INSTRUCTIONS ARE NOT ... (Incorporated by reference to Appendix A to the Company's definitive proxy statement for its 1987 Annual Meeting of. Shareholders, File No. 1-6682.) (m) ...

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Ohio Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock