Corporate ActionApr 24, 2026, 05:27 PM
EWSB Bancorp Authorizes 350,000 Shares of Preferred Stock
AI Summary
EWSB Bancorp, Inc. filed Articles Supplementary to authorize up to 350,000 shares of Series A Junior Non-Voting Participating Preferred Stock. This Preferred Stock will be non-voting, non-redeemable, senior to common stock in liquidation, and will receive non-cumulative cash dividends tied to common stock dividends. Additionally, the company is considering implementing a private offering of Common Stock.
Key Highlights
- Authorized up to 350,000 Series A Junior Non-Voting Participating Preferred Stock.
- Preferred Stock is non-voting and non-redeemable.
- Senior to common stock in liquidation; parity in merger transactions.
- Non-cumulative cash dividends tied to common stock dividends.
- Company considering private offering of Common Stock.
Price Impact
More from EWSB