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Royal American Corporation Common Stock
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September 24, 1959 The corporation was formed for general purposes including the purpose to acquire, procure and raise capital and surplus necessary and required to organize an industrial life insurance company in the State of Louisiana. The total authorized capital stock was 460,000 shares of common stack, with a par value of twenty-five cents ($.25) per share. April 10, 1961 The total authorized capital stock was changed to 1,500,00 shares, with a par value of twenty cents ($.20) per share. September 26, 1962 The total authorized capital stock was changed to 2,000,000 shares, with a par value of twenty cents ($.20) per share. June 8, 1964 The total authorized capital stock was changed to 3,000,000 shares, with a par value of twenty cents ($.20) per share. August 28, 1964 The total authorized capital stock was changed to 5,000,000 shares, with a par value of twenty cents ($.20) per share. February 23, 1966 The total authorized capital stock was changed to 10,000,000 shares, with a par value of twenty cents ($.20) per share. July 13, 1970 A tender offer was extended by the company to shareholders at a purchase price of forty cents ($.40) per share net to seller, in cash, to those shareholders owning less than 500 shares. The offer expired at August 5, 1970 but was extended. September 24, 1970 The common stock was reclassified from twenty cents($.20) par value per share to two dollars ($2.00) par value per share at the rate of one-tenth of a share of twenty cent ($.20) par value for each share of two dollar ($2.00) par value stock. Each shareholder whose ownership of old shares on the record date was not evenly divisible by 10 had a fractional interest, however no fractional interest shares were issued. Fractional interests were settled by cash payments to fractional interest shareholders based upon the price of $5.00. December 10, 1970 Seven per cent (7%) stock dividend. December 21, 1972 Royal American Corporation aquired in an all stock transaction Continental Security Investment Company of Missouri, Inc. and merged it into Royal American Management Corporation, a wholly owned subsidiary of Royal American Corporation. The stock was distributed on the basis of .3716 shares of Royal American Corporation stock for each one share of Class "A" common stock of Continental Security Investment Company and .03716 shares for each one share of Class "B" common stock of Continental Security Investment Company. December 31, 1972 Five per cent (5%) stock dividend. October 16, 1975 The common stock was reclassified from two dollar($2.00) par value per share to two hundred dollars ($200.00) par value per share at the rate of one-hundredth of a share of two dollar ($2.00) par value for each share of two hundred dollar ($200.00) par value stock. Each shareholder whose ownership of old shares on the record date was not evenly divisible by 100 had a fractional interest, however no fractional interest shares were issued. Fractional interests were settled by cash payments to fractional interest shareholders based upon the price of $1.00 cash per one-hundredth of one share. Fractional interest shareholder were given the opportunity to "buy up" on the same $1.00 cash basis in order to obtain a whole two hundred dollar share rather than a fractional share. The reclassification exchange expired December 31, 1975 but was extended. The total authorized stock after the exchange was 1,000,000 shares of $200.00 par value stock. July 20, 1999 10,000 shares purchased by Business Guidance USA, an insider entity, and results in 21,454 total shares outstanding. Top of Page Site Owner Name - Gallo Associates, Inc. |