RVBD » Topics » Redemption

These excerpts taken from the RVBD 8-K filed Apr 30, 2009.

Redemption

Upon receiving notice from a majority of Preferred Stockholders requesting that shares of Preferred Stock be redeemed, out of funds legally available, the Company will be required to redeem, subject to certain conditions and not less than 60 days following receipt of notice, the maximum percentage of Series A, B, C, and D Preferred Stock, as listed in the following table, at a rate of $1.00, $1.05, $0.22, and $0.22 per share, respectively, plus any dividend declared but unpaid thereon for each holder that requests redemption, subject to any stock dividend, stock split, combination, or other similar recapitalization affecting such shares.

 

Earliest Redemption Dates

   Maximum Portion of Shares of
Preferred Stock
to Be Redeemed
 

January 21, 2010

   33 %

January 21, 2011

   50 %

January 21, 2012

   100 %

Redemption

Upon receiving notice from a majority of Preferred Stockholders requesting that shares of Preferred Stock be redeemed, out of funds legally available, the Company will be required to redeem, subject to certain conditions and not less than 60 days following receipt of notice, the maximum percentage of Series A, B, C, and D Preferred Stock, as listed in the following table, at a rate of $1.00, $1.05, $0.22, and $0.22 per share, respectively, plus any dividend declared but unpaid thereon for each holder that requests redemption, subject to any stock dividend, stock split, combination, or other similar recapitalization affecting such shares.

 

Earliest Redemption Dates

   Maximum Portion of Shares of
Preferred Stock

to Be Redeemed
 

January 21, 2010

   33 %

January 21, 2011

   50 %

January 21, 2012

   100 %

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Apr 30, 2009

RELATED TOPICS for RVBD:

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