SEC Filings

424B3
TURNER BROADCASTING SYSTEM INC filed this Form 424B3 on 11/29/2016
Entire Document
 


Table of Contents

Authorized Capital Stock

Total Shares.    We have the authority to issue a total of 9,680,000,000 shares of capital stock consisting of:

 

    8,330,000,000 shares of common stock, par value $0.01 per share;

 

    600,000,000 shares of series common stock, par value $0.01 per share, which are issuable in series; and

 

    750,000,000 shares of preferred stock, par value $0.10 per share, which are issuable in series.

Common Stock.    As of December 31, 2015, 795,093,915 shares of Time Warner common stock were outstanding.

Series Common Stock.    We have the authority to issue one or more series of series common stock up to the maximum number of series common shares authorized. Our board of directors is also authorized to set the following terms of a series of common stock before issuance:

 

    the designation of the series;

 

    the number of shares to comprise the series;

 

    any voting rights; and

 

    any preferences and relative, participating, optional or other special rights and any qualifications, limitations or restrictions thereof, of the shares of such series.

If we offer shares of a new series of series common stock, the prospectus supplement will specify the designation and number of that series, and the voting rights and all other rights, preferences and terms of that series, including any dividend, redemption, exchange or liquidation rights or provisions. If we issue shares of series common stock they will be fully paid and non-assessable.

As of December 31, 2015, no shares of series common stock were outstanding.

Preferred Stock.    We have the authority to issue series of preferred stock up to the maximum number of preferred shares authorized. Our board of directors is also authorized to set the following terms of a series of preferred stock before issuance:

 

    the designation of the series;

 

    the number of shares to comprise the series;

 

    any voting rights; and

 

    any preferences and relative, participating, optional or other special rights and any qualifications, limitations or restrictions thereof, of the shares of such series.

The powers, preferences and relative, participating, optional and other special rights of each series of preferred stock, and the qualifications, limitations or restrictions thereof, if any, may differ from those of any and all other series at any time outstanding.

If we offer shares of a new series of preferred stock, the prospectus supplement will specify the designation and number of that series, and the voting rights and all other rights, preferences and terms of that series, including any dividend, redemption, exchange or liquidation rights or provisions. If we issue shares of preferred stock they will be fully paid and non-assessable.

As of December 31, 2015, no shares of Time Warner preferred stock were outstanding.

 

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