Wake North Carolina Issue Shares — Resolution For— - Corporate Resolutions Wake North Carolina Issue Shares — Resolution Form is a legally binding document used by corporations to authorize the issuance of shares. This essential resolution form ensures compliance with the corporate laws and regulations in the state of North Carolina. By completing this form, corporations can outline the details of their share issuance, including the number of shares to be issued, par value, voting rights, and any other relevant provisions. Types of Wake North Carolina Issue Shares — Resolution Forms: 1. Common Stock Issue Resolution Form: This type of resolution form is used when a corporation wants to issue common stock shares. Common stock represents ownership in the corporation and entitles the shareholder to voting rights and potential dividend payments. 2. Preferred Stock Issue Resolution Form: Preferred stock issue resolution form is used by corporations when they decide to issue preferred stock shares. Preferred stockholders have a higher claim on the company's assets and earnings compared to common stockholders. They receive fixed dividends and have priority during liquidation events. 3. Stock Split Resolution Form: This resolution form is utilized when a corporation plans to split its existing shares into multiple shares. A stock split increases the number of outstanding shares while reducing their price per share. This can enhance liquidity and make the shares more affordable for potential investors. 4. Stock Repurchase Resolution Form: This resolution form is employed when a corporation wishes to repurchase its own shares from existing shareholders. Share repurchases can be used to return excess capital to shareholders, signal confidence in the company's future, or prevent a hostile takeover. 5. Stock Option Grant Resolution Form: Stock option grant resolution form is used by corporations to issue stock options to employees or other parties. Stock options provide the holder with the right to purchase a certain number of shares at a predetermined price within a specified timeframe. This is commonly used as an incentive to attract and retain key employees. 6. Convertible Stock Issue Resolution Form: This type of resolution form is utilized when a corporation plans to issue convertible stock shares. Convertible stock allows the holder to convert their shares into a predetermined number of common stock shares, usually at a specified conversion price. This provides flexibility for investors and potential future equity dilution. By employing the appropriate Wake North Carolina Issue Shares — Resolution Form, corporations can ensure compliance, transparency, and legal validity in the share issuance process. These forms help establish the rights and obligations of shareholders and contribute to the smooth functioning of corporate governance within the state of North Carolina.