shareholders' agreement

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shareholders' agreement

n. an employment agreement among the shareholders of a small corporation permitting a shareholder to take a management position with the corporation without any claim of conflict of interest or self-dealing against the shareholder/manager. Such agreements are common when there are only three or four shareholders.

References in periodicals archive ?
NASDAQ: HEAR) said it has announced that a group of institutional investors purchased a combined 371,520 shares of common stock from Fred Romano and Carmine Bonanno, co-founders of Turtle Beach, in accordance with the terms of the company's amended stockholder agreement.
Carmine Bonanno, co-founders of Turtle Beach, in accordance with the terms of the Company's amended Stockholder Agreement, filed with the Securities and Exchange Commission on July 10, 2014.
Under the terms of BlackRock's stockholder agreement with Merrill Lynch, Merrill may designate two directors to BlackRock's board, which has 16 members, ten of whom are independent and not affiliated with the company.
announced today that it has entered into a stockholder agreement with Cascade Investment, L.
As a result of the share transfer, Raizen is now Codexis' largest stockholder, and, under an existing stockholder agreement, has the right to appoint a representative to Codexis' Board of Directors.
Shea serves as the designee of Ontario Municipal Employees Retirement Systems ("OMERS") pursuant to the company's Amended and Restated Stockholder Agreement, as amended to date.
CAI, Cerberus and the Company have also agreed to enter into a Stockholder Agreement providing that if CAI and Cerberus waive the condition to the Offer that CAI and Cerberus own at least 90% of the shares as a result of the Offer and subsequently accept for payment the tendered shares to complete the Offer, CAI and Cerberus will provide a subsequent offering period of not less than five business days.
Certain of AnalogicTech's officers and directors have entered into a stockholder agreement with Skyworks in which they have agreed to vote all their shares of AnalogicTech in favor of adoption of the merger and against any other acquisition proposal or alternative acquisition agreement made in opposition to the proposed sale to Skyworks.
Concurrent with the execution of the merger agreement, Comstock entered into a stockholder agreement in which it has agreed to vote in favor of the merger.
Execution of Stockholder Agreement and Registration Rights Agreement with Great Hill Partners
In connection with the sale of the shares, First BanCorp entered into a Stockholder Agreement with Scotiabank.
General Finance Corporation ("General Finance", "Company" or "GFN") (NASDAQ: GFN) (NASDAQ: GFNCW) (NASDAQ: GFNCU) today announced that it entered into an amendment to a Stockholder Agreement that authorizes two directors and a mezzanine debt investor to purchase additional shares of General Finance common stock earlier than was permitted under the original Stockholders Agreement.