This excerpt taken from the GXP DEF 14A filed Mar 25, 2009.
Description of the Proposed Amendment
The Board has adopted, subject to shareholder approval, a resolution to amend our Articles of Incorporation in order to increase the number of authorized shares of common stock from 150 million to 250 million shares. The proposed amendment does not change the number of Cumulative Preferred Stock, Cumulative No Par Preferred Stock or Preference Stock that the Company is authorized to issue.
The text of the first paragraph of Article Three of our Articles of Incorporation, as it is proposed to be amended, reads as follows:
The amount of authorized capital stock of the Company is Two Hundred Sixty Two Million Nine Hundred Sixty Two Thousand (262,962,000) shares divided into classes as follows:
Three Hundred Ninety Thousand (390,000) shares of Cumulative Preferred Stock, of the par value of One Hundred Dollars ($100) each.
One Million Five Hundred Seventy Two Thousand (1,572,000) shares of Cumulative No Par Preferred Stock without par value.
Eleven Million (11,000,000) shares of Preference Stock without par value.
Two Hundred Fifty Million (250,000,000) shares of Common Stock without par value.
The Board has directed that this amendment be submitted to our common shareholders for their consideration and approval.