shares authorized


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Related to shares authorized: Authorized Share Capital

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

References in periodicals archive ?
After this additional authorization, there are approximately 790,000 shares authorized and available for repurchase under GAMCO's stock repurchase program.
initiate the repurchase of the remaining $359 million of shares authorized under the Company's previously announced $1 billion share repurchase program.
During this initial one-year term of the plan 47,500 shares of stock were purchased, leaving 102,500 shares authorized to be purchased during the next twelve months.
A vote to increase the number of common shares authorized from 500 million to 1 billion will be conducted in conjunction with Federated's Annual Meeting on May 19, 2006.
Additionally, the Board of Directors approved a new stock repurchase program that brings the number of shares authorized for repurchase to 309,000 or approximately 5% of its total issued and outstanding common shares.
After this additional authorization, there are approximately 960,000 shares authorized and available for repurchase under GAMCO's stock repurchase program.