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Nonvoting Stock
(redirected from Non-voting stock)

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Nonvoting stock
A security that does not entitle the holder to vote on the corporation's resolutions or elections.
Nonvoting Stock
Stock in a publicly-traded company that does not give the holder the right to vote at the company's annual meeting. Nonvoting stock usually has other rights associated with it to compensate for the lack of ability to vote. For example, most preferred stock is nonvoting, but preferred stock has a guaranteed dividend, while most voting stock does not.
nonvoting stock
Stock in which the holder has no vote in the election of directors, the appointment of auditors, or other matters that may be brought up at the annual meeting. Corporations sometimes create a special class of nonvoting stock to restrict corporate control only to certain groups. Most preferred stock is nonvoting. Compare voting stock.
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In exchange for the loans, the car companies must provide warrants for non-voting stock, and debt owed to the government would have to be paid back with priority.
US car giants get $17bn bailout by Aljazeera.net
GM and Chrysler, battered by falling auto sales amid a deepening US recession, agreed to the loan terms which require them to provide warrants for non-voting stock, accept limits on executive pay and perks and give priority to the government loans over other debts, to the extent permitted by law.
US Treasury still working on loans for GM, Chrysler by AFP / AFP American Edition
The companies have to provide warrants for non-voting stock, accept limits on executive pay and perks and give priority to the government loans over other debts, to the extent permitted by law.
Automakers eye reforms after US gives $13.4bln lifeline by AFP / AFP Global Edition
 
 
 
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