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Shares Authorized

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Shares authorized
The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding.

Authorized Shares
The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. Typically, the number of authorized shares is larger than the required amount in order to give a company the greatest amount of flexibility. Authorized shares are also called authorized capital stock or simply authorized stock.

shares authorized


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Share Structure At present the company has 200 000 000 shares Authorized and does not intend on increasing the existing structure.
The new approval brings the total amount of shares authorized for repurchase to approximately 13 million.
Pink Sheets:GRDO) announced today that the company would reduce the number of Class A common shares authorized to 650 million.
 
 
 
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