Comdisco Shareholders Approve Venture Tracking Stock Proposal.Business Editors ROSEMONT, Ill.--(BUSINESS WIRE)--April 20, 2000 Comdisco today announced that its shareholders voted to approve the company's proposal to amend its articles of incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. to create a tracking stock that will reflect the economic performance of Comdisco's venture financing business. The preliminary vote was announced at a special meeting today of shareholders in Rosemont, Illinois Rosemont is a village in Cook County, Illinois, founded in 1956. The population was 4,224 at the 2000 census. Geography Rosemont is located at (41.990730, -87.873816)GR1. . The company said approximately 80 percent of the shares that were voted approved the Comdisco Ventures tracking stock proposal. More than 57 percent of the outstanding shares voted in favor of the proposal. As part of this proposal, shareholders also approved: the amendment of the company's 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. to authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) the issuance of multiple series of common stock; the increase in the number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of common stock to 1,800,000,000; the establishment of a stock incentive plan for Comdisco Ventures' management; and revisions to certain existing Comdisco stock plans to allow the issuance of Comdisco Ventures tracking stock under those plans. About Comdisco: Comdisco provides global technology services to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont, Illinois company offers a complete suite of information technology services including business continuity, web availability, managed network services, and IT Control and Predictability Solutions(SM). Through its subsidiary, Prism Communication Services, Inc., Comdisco is developing a high-speed, always-on digital network, which will provide customers with leading-edge connectivity. Comdisco also offers equipment services to key vertical industries, including electronics, communications, laboratory & scientific, and industrial automation. Through its Ventures group, Comdisco provides equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
A new business. . Comdisco is a registered trademark of Comdisco, Inc. |
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