This excerpt taken from the CNBKA 10-K filed Mar 16, 2006.
(a) The Class A Common Stock of the Company is traded on the NASDAQ National Market system under the symbol CNBKA. The price range of the Companys Class A common stock since January 1, 2004 is shown on page 8. The Companys Class B Common Stock is not traded on NASDAQ or any other national securities exchange.
Generally speaking, the shares of Class A Common Stock are not entitled to vote on any matter, including in the election of Company Directors, but, in limited circumstances, may be entitled to vote as a class on certain extraordinary transactions, including any merger or consolidation (other than one in which the Company is the surviving corporation or one which by law may be approved by the directors without any stockholder vote) or the sale, lease, or exchange of all or substantially all of the property and assets of the Company. Since the vote of a majority of the shares of Class B Common Stock, voting as a class, is required to approve certain extraordinary corporate transactions, the holders of Class B Common Stock have the power to prevent any takeover of the Company not approved by them.
(b) Approximate number of equity security holders as of December 31, 2005.
(c) Under the Companys Articles of Organization, the holders of the Class A Common Stock are entitled to receive dividends per share equal to at least 200% of dividends paid, if any, from time to time, on each share of Class B Common Stock.
The following table shows the dividends paid by the Company on the Class A and Class B Common Stock for the periods indicated.
As a bank holding company, the Companys ability to pay dividends is dependent in part upon the receipt of dividends from the Bank, which is subject to certain restrictions on the payment of dividends. A Massachusetts trust company may pay dividends out of net profits from time to time, provided that either (i) the trust companys capital stock and surplus account equal an aggregate of at least 10% of its deposit liabilities, or (ii) the amount of its surplus account is equal to at least the amount of its capital account.
The information required herein is shown on page 9.
The information required herein is shown on pages 11 through 22.
The information required herein is shown on page 18 and 19.
The information required herein is shown on pages 23 through 57.