Authorized shares

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Related to Authorized shares: authorized capital, Outstanding shares, Issued shares

Authorized shares

Number of shares authorized for issuance by a firm's corporate charter.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The company said it is executing on an initial reduction of 20 percent of the authorized shares, as a continuing effort to provide clarity for shareholders.
Additional authorized shares represent approximately four percent of the company's total shares currently issued and outstanding.
The company has also filed a preliminary proxy to increase the authorized shares of the company, with a record date of December 8, 2011 and a special meeting date of January 24, 2012.
The company is also seeking approval at a shareholders meeting this week for a massive increase in the number of authorized shares outstanding, from 300 million to 1.5 billion.
The number of authorized shares of Common Stock under the company's Restated Certificate of Incorporation has been proportionately reduced from 100 million shares to 10 million shares.
IBERIABANK Corporation (NASDAQ: IBKC) said the company's stockholders have approved doubling the number of authorized shares of common stock.

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