Utah Letter to Shareholders

State:
Multi-State
Control #:
US-CC-12-1384FH
Format:
Word; 
Rich Text
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Description

12-1384FH 12-1384FH . . . Proxy Statement and Prospectus for approval of merger of (i) unrelated company ("Acquiring Company") into corporation (in which event corporation would survive merger and Acquiring Company would cease to exist), or (ii) corporation into Acquiring Company (in which event Acquiring Company would survive merger and corporation would cease to exist), or (iii) corporation into subsidiary of Acquiring Company that was organized for purpose of merger (in which event subsidiary would survive merger and corporation would cease to exist) and (b) conversion of each share of corporation common stock into right to receive 1.15 shares of Acquiring Company common stock. The determination of form of merger will be made by corporation and Acquiring Company ("Constituent Companies") based upon (x) corporation's ability to obtain from Securities and Exchange Commission an exemption from certain provisions of Public Utility Holding Company Act of 1935 and (y) determination by Constituent Companies as to whether it is desirable to effect merger in manner to assure that it qualifies as reorganization under Section 368 of Internal Revenue Code of 1986
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FAQ

The ratings agency assigned Utah ESG ratings in a credit indicator report published March 31, scoring environmental as ?moderately negative,? and social and governance as ?neutral.? The firm said it's not a sustainability rating or a formal ESG evaluation. The vast majority of states' ratings were ?neutral.?

ESG stands for environmental, social and governance. These are called pillars in ESG frameworks and represent the 3 main topic areas that companies are expected to report in.

ESG stands for Environmental, Social, Governance.

ESG investments focus on environmental, social, and governance factors to guide investment decisions; CSR investments focus on company's responsibility to society; and, impact investments aim to generate a measurable and positive social or environmental impact alongside financial returns.

Creating a Corporation A corporation is formed in the state of Utah by filing Articles of Incorporation in duplicate with the Division of Corporation and Commercial Code, together with the appropriate fee.

ESG stands for Environmental, Social and Governance. This is often called sustainability. In a business context, sustainability is about the company's business model, i.e. how its products and services contribute to sustainable development.

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Utah Letter to Shareholders