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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Multi-State
Control #:
US-CC-3-214E
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Word; 
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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.
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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
  • 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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FAQ

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