Examples of Series A Voting Preferred Stock in a sentence
Dividends on shares of the Voting Preferred Stock shall accrue and be deemed to have accrued from the applicable original issuance date of the shares of the Series A Voting Preferred Stock, par value $500 per share, of FreightCar America, Inc.
By Certificate of Designations dated November 17, 1999, the Corporation authorized the issuance of Series A Voting Preferred Stock, a copy of which Certificate of Designations is attached hereto as Exhibit A.
Of the 2,500,000 shares of authorized Preferred Stock, 100,000 shares will be designated Series A Voting Preferred Stock (the “Voting Preferred Stock”) and 100,000 shares of Series B Non-Voting Preferred Stock (the “Non-Voting Preferred Stock”).
The designation of the series of the preferred stock shall be “Series A Voting Preferred Stock” and the number of shares constituting the Series A Voting Preferred Stock shall be 100.
The shares of Series A Voting Preferred Stock shall not have any powers, designations, preferences or relative, participating, optional, or other special rights, nor shall there be any qualifications, limitations or restrictions or any powers, designations, preferences or rights of such shares, other than as set forth herein or in the Certificate of Incorporation, or as may be provided by law.
Dividends shall be fully cumulative and shall accrue (whether or not declared), with additional payments thereon, from the first day of the Dividend Period in which such dividend may be payable as herein provided on all shares of Series A Voting Preferred Stock issued and outstanding on the first day of such Dividend Period, except that with respect to the Initial Dividend Period, such dividend shall accrue from the Initial Issue Date.
The amount of dividends payable on the Series A Voting Preferred Stock for each full semi-annual period from, and including the applicable Divided Payment Date to, but excluding the next succeeding Dividend Payment Date (each, a “Dividend Period”), shall be computed by dividing by two the annual dividend rate set forth in paragraph (i) above.
Except as expressly provided in Section 3 and Section 7 below, the holders of Series A Voting Preferred Stock shall not be entitled to receive any dividends or distributions in respect of any shares of Series A Voting Preferred Stock held by them.
Except as otherwise required by the General Corporation Law or this Certificate of Designation, holders of Series A Voting Preferred Stock shall be entitled to vote on all matters submitted to a vote of the stockholders of the Corporation, voting together with the holders of Common Stock as a single class.
Dividends payable in respect of the period between the date the Corporation first issued shares of Series A Voting Preferred Stock (the “Initial Issue Date”) and the first Dividend Payment Date thereafter (the “Initial Dividend Period”) and any subsequent period between Dividend Payment Dates which is less than a full Dividend Period in length will be computed on the basis of a 360-day year consisting of twelve 30-day months.