limited-voting stock

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Limited-Voting Stock

Common stock designated by the publicly-traded company issuing it as having fewer voting rights than other common stocks. This gives a shareholder of limited-voting stock less control over the company than he/she would otherwise have. For example, a company can designate its limited-voting stock as having half a vote and its regular common stock as having one vote. Limited-voting stock is beneficial for the board of directors and the company's management, as it allows the company to raise financing from limited-voting stockholders while giving them less control over the company. See also: Supervoting stock, Golden share.

limited-voting stock

A class of stock that provides its holders with smaller than proportionate voting rights in comparison with another class of stock issued by the same firm. Limited-voting shares allow another class of stock effectively to control the election of a firm's directors even though the limited-voting shareholders may have contributed a majority of the firm's equity capital. Compare supervoting stock.
References in periodicals archive ?
Additionally, each share of Thomas Properties' limited voting stock will be converted into 0.3822 newly issued shares of Parkway limited voting stock and Parkway's common stock will continue to trade under its existing ticker symbol 'PKY', on the New York Stock Exchange.

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