Home / Online Resources / Cronology / Stockholders approve amendments to Hershey Foods Corporation\'s Certificate of Incorporation to expand equity by increasing shares of the Corporation\'s capital stock from 52 million to 230 million. 150 million shares are designated as Common Stock,75 million as Class B Common Stock and 5 milllion as Preferred Stock. each class have a par value of one dollar per share. Holders of the Common Stock are entitled to one vote pre share and a cash dividend 10 percent high than the cash dividend on the Class B Common Stock, while holders of the new Class B Common Stock are entitled to ten votes per share. Holders of the Common Stock, voting separately as a class, elect one-sixth of the Board of Directors.

Chronology

September 13, 2018

Stockholders approve amendments to Hershey Foods Corporation’s Certificate of Incorporation to expand equity by increasing shares of the Corporation’s capital stock from 52 million to 230 million. 150 million shares are designated as Common Stock,75 million as Class B Common Stock and 5 milllion as Preferred Stock. each class have a par value of one dollar per share. Holders of the Common Stock are entitled to one vote pre share and a cash dividend 10 percent high than the cash dividend on the Class B Common Stock, while holders of the new Class B Common Stock are entitled to ten votes per share. Holders of the Common Stock, voting separately as a class, elect one-sixth of the Board of Directors.

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