Arden Group, Inc. Announces Conversion of Class B Common Stock.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Arden Group, Inc. (Nasdaq:ARDNA) announced that as a result of the conversion on November 10, 2004, by Bernard Briskin and his spouse of the Company's Class B Common Stock shares owned by them into shares of Class A Common Stock, all other shares of Class B Common Stock were automatically converted into shares of Class A Common Stock on that date in accordance with the Company's Restated Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. . The Company now has only one class of stock outstanding consisting of Class A Common Stock. All shareholders of record on November 15, 2004 will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to receive the extraordinary dividend of $20 per share payable on December 16, 2004 to holders of Class A Common Stock. Arden Group, Inc. is the parent company of Gelson's Markets which operates 18 supermarkets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion