nonvoting 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.
References in periodicals archive ?
It said there was uncertainty in the valuation of Fox's non-voting stock and its ability to handle a combination of this scale.
There is significant risk and uncertainty as to the valuation of Twenty-First Century Fox s non-voting stock and Twenty-First Century Fox s ability to govern and manage a combination of the size and scale of Twenty-First Century Fox and Time Warner; and
The obligations of the Company under the Revolving Credit Facility are guaranteed by substantially all of the Company's domestic subsidiaries and secured by substantially all of the Company's and its domestic subsidiaries' assets (including 65% of the issued and outstanding voting stock and 100% of the non-voting stock of each controlled foreign corporation owned by a domestic subsidiary guarantor).
The firm will create a new class of non-voting stock and effectively split the shares two-for-one.
The rater added that any change in the bank's "voting rights composition is not immediately likely, but should Yahoo Japan Corporation (TYO:4689) convert all of its non-voting stock into voting stock", that could lead to some tension in the relations between the group and Sumitomo Mitsui.
8p after BNP Paribas bought back non-voting stock from the French government.
9m in preferred, non-voting stock that was sold to the Treasury Department under the CPP.
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.
When it incorporated, company stock was divided into two classes, with voting shares of about 25 percent and 75 percent as non-voting stock.
Catalyst is the majority owner of Hollinger's non-voting stock and owns a small stake it the company's voting stock.
5% stake in ATA in non-voting stock, intended for liquidating eventually, Reuters reported.
AmBev's non-voting stock plunged in value following announcement of the merger.