Examples of Series B Voting Preferred Stock in a sentence
As a result, if no shares are tendered by the Moroun Family or Mr. Davis, the Moroun Family’s proportional holdings will increase to approximately 61.8%, and the proportional holdings of our directors and executive officers as a group will increase to approximately TABLE OF CONTENTS62.7% of the total number of our issued and outstanding shares as of February 16, 2016, assuming that we purchase 325,000 shares in the Offer.
The approval of holders of two-thirds of the outstanding Series B Preferred Stock and all other series of Series B Voting Preferred Stock similarly affected, voting as a single class, is required in order to amend the Articles to affect materially and adversely the rights, preferences or voting power of the holder of shares of Series B Preferred Stock or the Series B Voting Preferred Stock.
As of November 30, 2001, (A) 254,423,819 shares of Conexant Common Stock and (B) one share of Conexant Preferred Stock designated as "Series B Voting Preferred Stock" were issued and outstanding and no other shares of capital stock of Conexant were issued and outstanding.
Except as otherwise expressly specified in this Certificate of Incorporation, Holders of Series A Voting Preferred Stock and Holders of Series B Voting Preferred Stock shall vote as a single class on all matters submitted to a vote of the stockholders of the Corporation.
The Indebtedness shall be, and hereby is, converted to 10,000,000 shares of the Company’s Series B Voting Preferred Stock (the “Shares”).
The holders of shares of Series B Voting Preferred Stock shall not be entitled to receive any dividends.
In exercising any vote permitted by the foregoing, each outstanding share of Series A Voting Preferred Stock and Series B Voting Preferred Stock permitted to vote shall be entitled to one vote.
In the event of any vacancy created by the departure of a Series B Director for any reason, any replacement for such departing Series B Director shall be designated and elected by Holders of Series B Voting Preferred Stock.
The holders of Series B Voting Preferred Stock shall be entitled to (a) notice of any meeting of the shareholders of the Corporation; and (b) have the power to vote each share at any shareholder meeting, where each share of Series B Voting Preferred Stock carries the weight of ten (10) votes for each share of common stock.
The distinctive serial designation of this series shall be "Series B Voting Preferred Stock" (hereinafter called "Series B Stock").