The Company’s subsidiary, HLI Operating Company, Inc. issued shares of its Series A Preferred Stock, par value $1.00 per share, as part of the Company's emergence from bankruptcy proceedings on June 3, 2003. A total of 100,000 shares of the Series A Preferred Stock are authorized, of which 98,000 shares were issued to certain creditors in the bankruptcy proceedings. The Series A Preferred Stock is convertible at any time at the option of the holders into shares of the Company’s Common Stock, par value $0.01 per share. A portion of the 98,000 shares originally issued have since been converted to Common Stock of the Company. The CUSIP number for the Series A Preferred Stock is 404 216 202.
This section contains links to additional information related to Series A Preferred Stock.
- Summary of the key terms of the Series A Preferred Stock - PDF format
- Calculator to determine the number of shares of the Company's Common Stock for which Series A Preferred Stock can be exchanged as of a particular date. - Excel file
- Instructions for exchanging Series A Preferred Stock for the Company's Common Stock. - PDF format
- Certificate of Incorporation for HLI Operating Company, Inc. which contains all of the terms and conditions of the Series A Preferred Stock. - PDF format
If the information available at this page does not answer all of your questions, you can send an email to prefstock@hayes-lemmerz.com.
