classified stock

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Related to classified stock: Class A Stock
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Noun1.classified stock - common stock classified as A or B where A has certain advantages (e.g., voting power) that B does not
common shares, common stock, ordinary shares - stock other than preferred stock; entitles the owner to a share of the corporation's profits and a share of the voting power in shareholder elections; "over 40 million Americans invest in common stocks"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
In return, NICHIYU will provide MHI with an allotment of its common shares (representing 49.4% of the voting stock of NICHIYU) as well as classified stock without voting rights (in total, MHI will own 64.75% of shares).
(i) Hitachi Capital shall acquire 4,750,566 to 6,334,088 shares of SMAS stock* currently held by Sumitomo Corp (15% to 20% of the shares outstanding) *Sumitomo Corp will convert all of classified stock into common stock and the shares of Sumitomo Corp will be 66%.
Based on its current articles of incorporation, Nomura is unable to issue classified stocks such as preferred shares and can only bolster its financial base by issuing common shares, which carries a risk of diluting the value of existing shareholdings.

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