Oregon 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
• 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 proposed Oregon Amendment aims to introduce a new class of Common Stock with a distinct voting structure. Under this amendment, each share of this particular class of Common Stock would hold a voting power equivalent to 1-20th (or 5%) of a regular Common Stock share. This proposed amendment seeks to address concerns and provide flexibility for shareholders who may wish to diversify their investments or have differing levels of voting power within a company. The introduction of this new class of Common Stock with reduced voting rights offers shareholders an alternative investment option while maintaining the benefits of common stock ownership. By creating a class of Common Stock with 1-20th vote per share, the proposed Oregon Amendment would allow companies to issue shares with proportionately reduced voting rights. This could potentially benefit companies by attracting new investors who are interested in owning a stake in the company but may not necessarily wish to exert significant influence over the decision-making process. Different types or categories of Oregon Proposed Amendment to create a class of Common Stock that has 1-20th vote per share may include: 1. Class B Common Stock: This type of Common Stock would have a voting power 1-20th of a regular Common Stock. It would offer shareholders reduced voting rights but would otherwise carry the same financial benefits as regular Common Stock. 2. Series C Common Stock: This category of Common Stock would also possess a 1-20th vote per share. Series C Common Stock could be introduced by companies as a distinct class with proportionate voting rights, providing investors an alternative investment option with reduced influence over company decisions. 3. Preferred Common Stock: This type of Common Stock could be issued with 1-20th vote per share, allowing investors to hold a stake in the company while accepting a lesser role in the voting process. Preferred Common Stock often carries other advantages such as higher dividend payments, priority in liquidation, or additional rights or preferences. The proposed Oregon Amendment to create a class of Common Stock with 1-20th vote per share offers a solution for companies seeking to diversify their shareholder base and provide more options for investors. It aims to strike a balance between attracting investment and maintaining corporate governance by offering shareholders an alternative with reduced voting power.

The proposed Oregon Amendment aims to introduce a new class of Common Stock with a distinct voting structure. Under this amendment, each share of this particular class of Common Stock would hold a voting power equivalent to 1-20th (or 5%) of a regular Common Stock share. This proposed amendment seeks to address concerns and provide flexibility for shareholders who may wish to diversify their investments or have differing levels of voting power within a company. The introduction of this new class of Common Stock with reduced voting rights offers shareholders an alternative investment option while maintaining the benefits of common stock ownership. By creating a class of Common Stock with 1-20th vote per share, the proposed Oregon Amendment would allow companies to issue shares with proportionately reduced voting rights. This could potentially benefit companies by attracting new investors who are interested in owning a stake in the company but may not necessarily wish to exert significant influence over the decision-making process. Different types or categories of Oregon Proposed Amendment to create a class of Common Stock that has 1-20th vote per share may include: 1. Class B Common Stock: This type of Common Stock would have a voting power 1-20th of a regular Common Stock. It would offer shareholders reduced voting rights but would otherwise carry the same financial benefits as regular Common Stock. 2. Series C Common Stock: This category of Common Stock would also possess a 1-20th vote per share. Series C Common Stock could be introduced by companies as a distinct class with proportionate voting rights, providing investors an alternative investment option with reduced influence over company decisions. 3. Preferred Common Stock: This type of Common Stock could be issued with 1-20th vote per share, allowing investors to hold a stake in the company while accepting a lesser role in the voting process. Preferred Common Stock often carries other advantages such as higher dividend payments, priority in liquidation, or additional rights or preferences. The proposed Oregon Amendment to create a class of Common Stock with 1-20th vote per share offers a solution for companies seeking to diversify their shareholder base and provide more options for investors. It aims to strike a balance between attracting investment and maintaining corporate governance by offering shareholders an alternative with reduced voting power.