HG Holdings reduces authorized shares from 36M to 8M, approved by stockholders

HG Holdings, Inc.

Authorized shares cut to 8M: 7M common ($0.02 par) and 1M preferred ($0.01 par), from prior 35M common and 1M preferred.
Amendment effective September 2, 2025; approved by board July 25, 2025 and via written consent of 74.74% of outstanding common stock.
No impact on issued shares; only authorized but unissued shares reduced.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HG Holdings, Inc.: Amended Certificate of Incorporation to reduce authorized shares from 36,000,000 to 8,000,000, divided into 7,000,000 common and 1,000,000 preferred shares (effective 2025-09-02).

Change: charter amendment
Effective: 2025-09-02

Exact text from the filing

Effective September 2, 2025, HG Holdings, Inc. (the “Company”) amended its Restated Certificate of Incorporation (as amended, the “Certificate of Incorporation”) to reduce the number of authorized shares to 8,000,000 shares which are divided into two classes as follows: (a) 7,000,000 shares of common stock, $0.02 par value per share (“Common Stock”); and (b) 1,000,000 shares of Blank Check Preferred Stock, $0.01 par value per share (the “Amendment”).

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HG Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-028211

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