Harris Texas Terms of Class One Preferred Stock

• Category: Corporations - Public - Sale or Purchase of Capital Stock
• State: Multi-State
• County: Harris
• Control #: US-CC-4-291
• Format: Word; Rich Text

Description

This sample form, a detailed Terms of Class One Preferred Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Harris Texas Terms of Class One Preferred Stock Overview: In Harris Texas, Class One Preferred Stock refers to a type of security that is typically issued by corporations to raise capital. It is considered a high-ranking stock class and holds certain advantages over common stock. The Terms of Class One Preferred Stock outlines the rights, features, and protections associated with this specific class of stock. Keywords: Harris Texas, Terms of Class One Preferred Stock, high-ranking stock class, preferred stock, corporations, capital raising, rights, features, protections. Types of Harris Texas Terms of Class One Preferred Stock: 1. Cumulative Preferred Stock: This type of Class One Preferred Stock entitles the shareholders to receive any unpaid dividends accumulated over the years. In case the corporation fails to distribute dividends in any given period, the dividends will accumulate and be paid out in future periods before any common stock dividends are disbursed. 2. Convertible Preferred Stock: This category of Class One Preferred Stock grants the shareholder the option to convert their preferred shares into a predetermined number of common shares. This conversion typically occurs at the discretion of the shareholder and can offer potential upside if the value of the common shares increases. 3. Participating Preferred Stock: With Participating Preferred Stock, shareholders are entitled to receive additional dividends after the common stock shareholders have received their allocated dividends. This means that if the company performs exceptionally well, preferred shareholders may receive extra dividends on top of their predetermined dividend rate. 4. Non-Participating Preferred Stock: In contrast to Participating Preferred Stock, this type of Class One Preferred Stock does not provide shareholders with additional dividends beyond their predetermined dividend rate. Once the preferred shareholders receive their allocated dividends, any additional dividends are solely distributed to common stockholders. 5. Redeemable Preferred Stock: Redeemable Preferred Stock allows the corporation to repurchase the preferred shares from the shareholders at a predetermined price and within a specified timeframe. This feature provides flexibility to the company in managing its capital structure. 6. Adjustable Rate Preferred Stock: This type of Class One Preferred Stock carries a dividend rate that is subject to change based on a pre-determined formula or a specified benchmark, such as the prime lending rate. The dividend payment may fluctuate periodically to align with market conditions. 7. Callable Preferred Stock: Callable Preferred Stock grants the issuing corporation the right to redeem the shares from the shareholders at a predetermined price, often after a specific waiting period. This feature allows the corporation to call back the preferred shares earlier than their maturity date. Keywords: Cumulative Preferred Stock, Convertible Preferred Stock, Participating Preferred Stock, Non-Participating Preferred Stock, Redeemable Preferred Stock, Adjustable Rate Preferred Stock, Callable Preferred Stock.

Harris Texas Terms of Class One Preferred Stock Overview: In Harris Texas, Class One Preferred Stock refers to a type of security that is typically issued by corporations to raise capital. It is considered a high-ranking stock class and holds certain advantages over common stock. The Terms of Class One Preferred Stock outlines the rights, features, and protections associated with this specific class of stock. Keywords: Harris Texas, Terms of Class One Preferred Stock, high-ranking stock class, preferred stock, corporations, capital raising, rights, features, protections. Types of Harris Texas Terms of Class One Preferred Stock: 1. Cumulative Preferred Stock: This type of Class One Preferred Stock entitles the shareholders to receive any unpaid dividends accumulated over the years. In case the corporation fails to distribute dividends in any given period, the dividends will accumulate and be paid out in future periods before any common stock dividends are disbursed. 2. Convertible Preferred Stock: This category of Class One Preferred Stock grants the shareholder the option to convert their preferred shares into a predetermined number of common shares. This conversion typically occurs at the discretion of the shareholder and can offer potential upside if the value of the common shares increases. 3. Participating Preferred Stock: With Participating Preferred Stock, shareholders are entitled to receive additional dividends after the common stock shareholders have received their allocated dividends. This means that if the company performs exceptionally well, preferred shareholders may receive extra dividends on top of their predetermined dividend rate. 4. Non-Participating Preferred Stock: In contrast to Participating Preferred Stock, this type of Class One Preferred Stock does not provide shareholders with additional dividends beyond their predetermined dividend rate. Once the preferred shareholders receive their allocated dividends, any additional dividends are solely distributed to common stockholders. 5. Redeemable Preferred Stock: Redeemable Preferred Stock allows the corporation to repurchase the preferred shares from the shareholders at a predetermined price and within a specified timeframe. This feature provides flexibility to the company in managing its capital structure. 6. Adjustable Rate Preferred Stock: This type of Class One Preferred Stock carries a dividend rate that is subject to change based on a pre-determined formula or a specified benchmark, such as the prime lending rate. The dividend payment may fluctuate periodically to align with market conditions. 7. Callable Preferred Stock: Callable Preferred Stock grants the issuing corporation the right to redeem the shares from the shareholders at a predetermined price, often after a specific waiting period. This feature allows the corporation to call back the preferred shares earlier than their maturity date. Keywords: Cumulative Preferred Stock, Convertible Preferred Stock, Participating Preferred Stock, Non-Participating Preferred Stock, Redeemable Preferred Stock, Adjustable Rate Preferred Stock, Callable Preferred Stock.