Notice of Special Stockholders' Meeting to Consider Recapitalization

• Category: Corporations - Minutes and Resolutions
• State: Multi-State
• Control #: US-0875BG
• Format: Word; Rich Text

Description

Recapitalization is a change in the capital structure of a corporation. It may consist of an increase or decrease in the amount of capital stock, a revaluation of stock, a reclassification of stock, or a combination of several of these changes.

Recapitalization may be effected by the issuance of new shares, an exchange of new shares for old, or the retirement of existing shares.

A Notice of Special Stockholders' Meeting to Consider Recapitalization is a type of document that informs shareholders of a proposed corporate action that needs to be voted on. This type of notice typically includes the reason for the proposed action, the details of the proposed action, the date, time, and location of the meeting, and the procedures for voting. It often also includes details about any proxy voting that may be available and any potential conflicts of interest that the proposed action may entail. There are two main types of Notice of Special Stockholders' Meeting to Consider Recapitalization: Ordinary (or Standard) and Extraordinary. An Ordinary Notice of Special Stockholders' Meeting to Consider Recapitalization is used to inform shareholders of a proposed action that is considered to be in the company's best interests. An Extraordinary Notice of Special Stockholders' Meeting to Consider Recapitalization is used to inform shareholders of a proposed action that is considered to be outside the scope of the company's normal operations. These notices are typically sent out by the company's board of directors and are required by law in order for the proposed action to be legally binding. It is important that shareholders read and understand the notice thoroughly before voting.