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Majority Shareholder
(redirected from Majority Stockholders)

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Majority shareholder
A shareholder who is part of a group that controls more than half the outstanding shares of a corporation.

Majority Shareholder
A person or company that owns 50% plus one of the stock in a publicly-traded company. This allows the majority shareholder outright control of the company's operations, especially the election of its board of directors. Some majority shareholders are not involved in the daily operations of the company, but most are. Indeed, the majority shareholder is often the company's founder. See also: Parent company.


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While in many private companies there is strong alignment between the managers and the majority stockholders, there often are also minority stockholders, who may have no voice and little influence.
As required by the terms of the Series B Convertible Preferred Stock and the debt settlement agreements, the Company's majority stockholders have approved a resolution to amend the Company's certificate of incorporation to increase the authorized Common Stock of the Company to 150,000,000 shares and other, related matters as more particularly described in the Company's preliminary information statement filed on October 15, 2004 with the Securities and Exchange Commission.
On May 28, Arizona Diversified bought 60 percent of Cannon's outstanding shares, bringing a change in both majority stockholders and in the management--conditions that allowed the extension.
 
 
 
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