Nebraska Proposal for the Stock Split and Increase in the Authorized Number of Shares
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How to fill out Proposal For The Stock Split And Increase In The Authorized Number Of Shares?
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FAQ
The number of outstanding shares of Common Stock will be decreased as a result of a Reverse Stock Split, but the number of authorized shares of Common Stock will not be so decreased.
A journal entry is not required for a stock split or a reverse stock split. These events only impact the number of shares outstanding and the par value of the stock.
*Stock splits (forward and reverse) affect a common stock's par (face) value. While par value on common stock is a relatively unimportant accounting measure, actions impacting a stock's par value generally require shareholder approval.
Management of a company might decide to do a forward stock split if they believe the price is relatively "high" or that it is trading outside of an "optimal" range. This decision is made by management based on their subjective views of the historical trading range of the stock and other factors.
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.
Presently, with Berkshire's Class B stock trading at $357 per share, the level of affordability seems reasonably manageable, meaning investors should not anticipate a stock split from Berkshire in the near future.
Reverse splits are usually done when the share price falls too low, putting it at risk for delisting from an exchange for not meeting certain minimum price requirements.
The number of outstanding shares of Common Stock will be decreased as a result of a Reverse Stock Split, but the number of authorized shares of Common Stock will not be so decreased.