The Clark Nevada Proposed Amendment aims to introduce a new class of Common Stock that possesses 1-20th vote per share, offering a more flexible and diverse voting structure. This amendment provides shareholders with the option to possess shares that carry a reduced voting power compared to the existing classes of Common Stock. Below are some potential variations or types of this proposed amendment: 1. Clark Nevada Proposed Amendment — 1-20th Class A Common Stock: This type of amendment creates a new class of Common Stock known as Class A Common Stock with 1-20th vote per share. Shareholders holding this stock will have reduced voting power compared to existing classes. 2. Clark Nevada Proposed Amendment — Preferred 1-20th Voting Stock: This alternative type of amendment introduces a preferred stock with 1-20th voting rights per share. Preferred shareholders will enjoy a fixed dividend, but their voting power will be limited to a fraction of the voting power held by the existing Common Stock classes. 3. Clark Nevada Proposed Amendment — Class B Subordinate Voting Stock (1-20th): In this variation, the amendment establishes a new class of Common Stock designated as Class B Subordinate Voting Stock, providing shareholders with 1-20th vote per share. This class would be subordinate to the existing Common Stock classes, guaranteeing different voting rights. 4. Clark Nevada Proposed Amendment — Restricted Voting Stock (1-20th): This type of amendment proposes a distinct class of Common Stock referred to as Restricted Voting Stock with 1-20th vote per share. These shares could come with restrictions regarding voting on certain matters or may be subject to specific conditions. 5. Clark Nevada Proposed Amendment — Class C Non-Voting Stock (1-20th): This variation introduces Class C Non-Voting Stock, allowing shareholders to hold shares with 1-20th vote per share. These shares would not carry any voting rights, making them suitable for investors seeking potential financial gains without participating in decision-making processes. The Clark Nevada Proposed Amendment establishes a framework for implementing these variations and aims to enhance the flexibility and customization of voting structures within the company's stock ownership.
Clark Nevada Proposed Amendment to create a class of Common Stock that has 1-20th vote per share
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