referencelibrarybanner
Board Diversity
Reference Library - Advanced Search
Find
 


Library 
 
Timeframe
Category
 
Sub-Category
** To make multiple selections, select the first criterion and then press and hold the Ctrl Key **
 
1- 1 of 1 Search Results for:
Libraries:   FAQs - Listings
Filters:   Shareholder Approval,Voting Rights; All
 
Search   Clear


Expand All Printer Friendly View Mailto Link 
Page: 1 of 1
Frequently Asked Questions
  How is the percentage of voting power to be issued in a transaction calculated?
Identification Number 183
The percentage of voting power to be issued in a transaction is calculated using the following formula:
 
Maximum Potential Issuance of New Votes
Pre-transaction Votes Outstanding
 
The numerator of this equation should contain the voting power of all securities initially issued or potentially issuable or potentially exercisable or convertible into shares or common stock as a result of the transaction (e.g., earn-out clauses, penalty provisions, equity compensation awards assumed or in assumed plans, etc.).
 
In calculating the denominator, the company should not include any convertible securities that are not permitted to vote on an as-converted basis.

To determine the voting power of a company with a multiple class structure, start by obtaining the number of outstanding shares in each class of voting securities, whether or not publicly traded. Then, multiply the number of votes per share for each class of securities by the number of outstanding shares to obtain the total number of votes for each class of shares. Lastly, add together the votes of the classes.  
 
Publication Date*: 7/31/2012 Mailto Link Identification Number: 183
Page: 1 of 1
home_footer_links
Copyright_statement
App Store       Google Play       Listing Center Content RSS Feed
The Nasdaq Stock Market, Nasdaq, The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market, ExACT and Exchange Analysis and Compliance Tracking system are trademarks of Nasdaq, Inc.
FINRA® and Financial Industry Regulatory Authority, Inc.® are registered trademarks of Financial Industry Regulatory Authority, Inc.