OneMain Holdings, Inc. filed an Amended and Restated Certificate of Incorporation with the Delaware Secretary of State, effective June 10, 2025. This filing restates and integrates the company's previous certificate, incorporating all prior amendments. It serves as the updated foundational legal document for the corporation.
The amended certificate specifies the authorized capital stock, consisting of 2 billion shares of common stock with a par value of $0.01 per share, and 300 million shares of preferred stock with a par value of $0.01 per share. It details the voting powers, dividend rights, and liquidation rights of the common stock. The Board of Directors retains the authority to issue preferred stock in various classes or series and to define their specific terms.
Furthermore, the document outlines the structure of the Board of Directors, which will comprise not less than three nor more than eleven members, divided into three classes. The number of authorized shares for both common and preferred stock can be adjusted by a majority vote of the voting stock. This update clarifies the corporate structure and governance framework for shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.