Fedders definition
Examples of Fedders in a sentence
See "Description of Fedders Capital Stock Before and After the Recapitalization", beginning on page 52 of this document.
Assuming the proposed deletion of Section VI of clause A of Article Second of the certificate of incorporation is approved, the recapitalization and each of the changes to Fedders' certificate of incorporation that will be made as a result of the recapitalization will require the approval of at least a majority of the voting power of the shares of Common Stock and Class B Stock, voting together as a single class.
Information is presented to reflect pro forma adjustments for the recapitalization of Fedders Common and Class A Stock into a single class of new Common Stock and the exchange of Class B Stock for new Class B Stock.
For purposes of this Section 3.3(c) only, "Severance Payment" shall mean any payment or other benefit paid pursuant to this Agreement, including all payments made from the Fedders Supplemental Retirement Plan.
The pro forma adjustments are described in the accompanying notes and are based upon available information that Fedders believes is reasonable.
Although the holders of Common Stock and Class B Stock will have a separate vote on the recapitalization and each of the changes that will be made to Fedders' certificate of incorporation as a result of the recapitalization, approval of each of the items is conditional upon approval of all of the items.
The unaudited pro forma consolidated condensed financial data do not purport to be indicative of what Fedders' operations would have been had the recapitalization taken place on the dates indicated.
This release shall apply to Tower's customers (including Fedders), manufacturers, partners, distributors, re-sellers, vendors, their respective end users, and to Tower Switches Limited, regarding all products and services at any time made by, provided by, purchased from, or licensed from Tower Entities.
This information should be read together with Fedders' consolidated financial statements and the notes ther▇▇▇ ▇▇▇ch are incorporated by reference in this document, and the information under "Selected Consolidated Financial Data" beginning on page 12.
As of November 30, 2001, in any vote of stockholders in which the holders of the Common Stock and the Class B Stock vote together as a single class and the holders of Class B Stock have one vote per share, the directors and executive officers of Fedders controlled approximately 16.7% of the aggregate voting power.