Common Stock


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Common Stock

Evidence of participation in the ownership of a corporation that takes the form of printed certificates.

Each share of common stock constitutes a contract between the shareholder and the corporation. The owner of a share of common stock is ordinarily entitled to participate in and to vote at stockholders' meetings. He or she participates in the profits through the receipt of dividends after the payment of dividends on preferred stock. Shares of common stock are the Personal Property of their holder.

common stock

n. stock in a corporation in which dividends (payouts) are calculated upon a percentage of net profits, with distribution determined by the Board of Directors. Usually holders of common stock have voting rights. These are distinguished from preferred stock in which the profits are a predetermined percentage and are paid before the common shareholders who gamble on higher profits, and collectively have voting control of the corporation. (See: corporation, stock, share, preferred stock)

See: kinship, relation
References in periodicals archive ?
2701-1(b) (3)(i) adds, "common stock with nonlapsing voting rights and nonvoting common stock are interests that are substantially the same," this is simply a restatement of the exception for common stock discussed previously.
No share of Alumax class A common stock, however, could be issued and outstanding at any time that any share of the Alumax class C common stock was issued and outstanding, and vice versa.
In a departure from current practice, the FASB would require preparers to use the average market price of the common stock during the period when calculating diluted EPS.
However, because the three Simplot siblings would all want to maximize their children's interests in the company, they would probably require the proceeds of a sale or merger to be distributed on an equal pershare basis to the voting and nonvoting common stock.
Issue 1: Are the convertible preferred shares issued to an ESOP considered common stock equivalents?
Series E-7 Warrant to purchase up to 82,218,750 million shares in the aggregate of common stock at an exercise price of $0.
The notes and the shares of Duke's common stock that may be issuable upon exchange of the notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any State or other jurisdiction and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the Securities Act and other applicable securities laws.
Completion of the spin-off is subject to the satisfaction of a number of conditions, including the Form 10 Registration Statement for Hanesbrands common stock being declared effective by the Securities and Exchange Commission, Hanesbrands common stock being accepted for listing on the New York Stock Exchange, and certain other conditions described in the information statement included in the Form 10 and in the separation agreements filed as exhibits thereto.
The number of shares of Class A Common Stock proposed to be repurchased in the tender offer represents approximately 24.
This is to settled through the issue of restricted shares of the Company's Common Stock at the prevailing market price on or before March 31, 2006.
Upon today's market open, PTC's common stock will begin trading on a split-adjusted basis under the trading symbol "PMTCD" for a period of 20 trading days.
In the merger, a wholly-owned subsidiary of Stem Cell merged with Amphioxus and Amphioxus' common stockholders (including the former Plurion stockholders) were issued shares of Stem Cell Series 1 Voting Convertible Preferred Stock, which will automatically convert into 757,821,430 shares of Stem Cell common stock upon authorization of sufficient shares of Stem Cell common stock.