The Oklahoma Proposal to amend articles of incorporation aims to facilitate a reverse stock split of common stock and authorize a share dividend on common stock. This strategic move can significantly impact a company's capital structure and shareholder equity. By implementing a reverse stock split, a corporation can decrease the number of outstanding shares while increasing their individual value. This action can be beneficial in scenarios where a company's stock price has decreased significantly, and they wish to regain compliance with certain stock exchange listing requirements or enhance the market perception of their stock. The reverse stock split process involves consolidating a specific number of existing shares into one new share. For instance, a reverse stock split ratio of 1:10 means that for every ten shares, one new share will be issued. The purpose is to reduce the overall number of shares while increasing their value proportionately. This action is typically achieved through a vote by shareholders and subsequent amendments to the company's articles of incorporation. Alongside the reverse stock split, the Oklahoma Proposal also seeks to authorize a share dividend on common stock. A share dividend, also known as a stock dividend, allows a company to distribute additional shares of common stock to existing shareholders. These additional shares are typically issued at a certain percentage of their current holdings. By granting a share dividend, a company can reward its shareholders by increasing their ownership in the corporation without utilizing cash or reducing retained earnings. The Oklahoma Proposal's main objective is to optimize capital structure and enhance shareholder value. It brings both short-term and long-term benefits by potentially attracting new investors, increasing stock price, and improving liquidity in the stock market. Additionally, it demonstrates a company's progress and confidence in its future prospects, portraying stability and growth potential to stakeholders. Overall, the Oklahoma Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend is a strategic maneuver that enables a corporation to reshape its capital structure, boost shareholder equity, comply with stock exchange requirements, and exude a favorable market image.