Certificate Of Incorporation Amendment

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• Control #: US-CC-3-126
• Format: Word; Rich Text

Description

The Certificate of Incorporation Amendment proposed by Oryx Energy Company aims to increase the total number of authorized shares from 265,000,000 to 280,000,000 by adding a new class of Preferred Stock. This amendment allows for greater flexibility in managing the company's capital structure and provides the Board of Directors with the authority to determine the rights and preferences of the new Preferred Stock. Key features include the inability for Preferred Stock holders to vote, which aligns with the governance structure laid out for other classes of stock. This form must be properly filled out and filed with the Secretary of State of Delaware to take effect. It is essential for legal professionals managing corporate entities to ensure that the amendment complies with state laws and accurately reflects the company's intentions. Attorneys, partners, and paralegals will find this form useful when preparing corporate governance documents or handling stockholder approvals. The amendment process serves as an essential mechanism for responding to evolving corporate needs and enhancing investment opportunities.