Porter Bancorp Inc (NASDAQ:PBIB) disclosed on Thursday that its shareholders approved an amendment to the Articles of Incorporation
, at a special shareholders meeting on Wednesday (23 September 2015).
Record and payment dates for the stock dividend will be set upon receipt of the SEC approval of the amended articles of incorporation
and stock dividends and the PSE approvalinprinciple of the listing of stock dividend with the local bourse.
The company's articles of incorporation
said its primary purpose was to engage in buying, selling, distributing, marketing at wholesale or retail all kinds of goods but not limited to palm oil, gold, coconut oil, manganese, nickel, ore and any agricultural products, commodities, wares and merchandise of every kind and description.
The company had amended its Articles of Incorporation
to change its name from Tara Minerals to Firma Holdings on 3 June 2014.
Fuel company Terralene Fuels Corporation (Pink Sheets:GSPT) said on Monday that it will change its name to Golden Star Enterprises Ltd upon filing a Certificate of Amendment to its Articles of Incorporation
with the State of Delaware.
This increase follows the company's stockholders approval of an amendment to the Amended and Restated Articles of Incorporation
(1)Approved the amendments to the Articles of Incorporation
Articles of Incorporation
issued May 22 by state of Illinois to A & G Gaming, Inc.
The board of DFNN, a firm that operates gambling kiosks and supplies software solutions to other firms, also resolved to authorize the amendment of paragraph (f) of the Secondary Purposes in the Second Article of the Articles of Incorporation
to allow the company to borrow money.
Shareholders of Customers Bancorp met at the Doubletree by Hilton Hotel in Reading, Pennsylvania on Thursday, May 30 and "affirmed their support of corporate leadership with approval and adoption of a non-binding 'say on pay' proposal, the company's 2019 stock incentive plan, and approval of an amendment to the company's Articles of Incorporation
to adopt a majority voting standard in uncontested elections of directors." The non-binding "say on pay" proposal outlining the company's executive compensation program and compensation paid to the company's named executive officers was adopted with approximately 95% shareholder approval.
A corporation, however, could extend its existence for a period not exceeding 50 years by amending its articles of incorporation
. As part of the shift to a perpetual corporate term, the Revised Corporation Code allows an expired company to apply for the revival of its existence, together with all the rights and privileges under its certificate of incorporation and subject to all of its duties, debts and liabilities existing prior to its revival.