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 ?
The board's action to increase the number of shares authorized for repurchase demonstrates our continuing confidence in the company's future outlook.
The directors also approved a 650,000 increase in shares authorized for repurchase.
NASDAQ: JFBC) announced today that its Board of Directors has increased the amount of shares authorized for repurchase under the company's previously announced share repurchase program.
Rosenman also stated "We intend to have a share structure of no more than 100 Million Shares Authorized when completed utilizing its Board approved Buyback Plan when successfully completed the share structure would be 31,931,116 shares in the public float and 68,068,884 Restricted Shares we are as obsessed with this action as we are in growing our businesses.
PrA) announced today that its Board of Directors has increased the amount of common shares authorized for repurchase under the company's previously announced common share repurchase program.
After this additional authorization, there are approximately 790,000 shares authorized and available for repurchase under GAMCO's stock 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.