other material
confidence high
sentiment neutral
materiality 0.50
Norris Industries accepts contribution of 1M preferred shares; CEO Patrick Norris cancels shares
Norris Industries, Inc.
- Board accepted contribution of 1,000,000 preferred shares from CEO Patrick Norris and affiliates on Feb 27, 2026.
- Shares will be cancelled and return to authorized but unissued status.
- This removes all currently outstanding preferred stock from the company's capital structure.
- No cash consideration; the transaction is a capital contribution.