AmSurg Corp. Receives Shareholder Approval for Reclassification of Class A and B Common Stock Into One Class.Business Editors NASHVILLE Nashville, city (1990 pop. 487,969), state capital, coextensive with Davidson co., central Tenn., on the Cumberland River, in a fertile farm area; inc. as a city 1806, merged with Davidson co. 1963. , Tenn.--(BUSINESS WIRE)--July 11, 2001 New Class Will be Listed On the Nasdaq National Market Under the Symbol "AMSG AMSG Air Mobility Support Group (US Air Force) AMSG Ad Majorem Satanae Gloriam AMSG Allied Military Security Guidelines AMSG Advanced Metal Services Group AMSG Appropriate Military Systems Guide AMSG American Subterfuge Clothing " At the Market's Opening On July July: see month. 13 Ken P. McDonald, President and Chief Executive Officer of AmSurg Corp. (Nasdaq NM:AMSGA) (Nasdaq NM:AMSGB), announced that the Company received shareholder approval today at its 2001 Annual Meeting to reclassify Verb 1. reclassify - classify anew, change the previous classification; "The zoologists had to reclassify the mollusks after they found new species" class, classify, sort out, assort, sort, separate - arrange or order by classes or categories; "How would you its Class A and Class B common stock into one class of common stock. This class will be listed on the Nasdaq National Market under the symbol "AMSG" at the opening of the market on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , July 13, 2001, and the listing of the Class A and Class B common stocks under the symbols "AMSGA" and "AMSGB", respectively, will be eliminated. The Class A and Class B shares will be reclassified into the new class of common stock using a one-to-one conversion ratio and, as a result, there will be no increase in the Company's total number of shares of common stock outstanding due to the reclassification Reclassification The process of changing the class of mutual funds once certain requirements have been met. These requirements are generally placed on load mutual funds. Reclassification is not considered to be a taxable event. . Shareholders may retain their stock certificates, which will automatically represent the same number of shares of common stock. As of June 4, 2001, the record date for the annual meeting, AmSurg had outstanding 14,702,651 shares of Class A common stock and 4,787,131 shares of Class B common stock. Mr. McDonald also announced that Rodney Lunn, Senior Vice President of Center Development, had resigned from the Company at the end of June to pursue other interests. Mr. McDonald remarked, "Since the founding of AmSurg, Rodney has been an integral part of this Company, and we greatly appreciate his many contributions to AmSurg's successful growth to a position of market leadership. We wish him well in his future endeavors." AmSurg Corp. develops, acquires and manages physician practice-based ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery and specialty physician networks in partnership with surgical and other group practices. At March 31, 2001, AmSurg owned a majority interest in 87 centers and had four centers under development. |
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