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B. Investment Research Associates, Inc., and Its Subsidiaries
IRA was originally incorporated in the State of Delaware on
August 26, 1974, under the name of Cedilla Co. In 1979, the name
of Cedilla Co. was changed to Investment Research Associates,
Ltd. Reference hereinafter to IRA also refers to its
predecessor, Cedilla Co. during years prior to the name change.
1. IRA Stock
At the time of its incorporation in 1974, IRA was authorized
to issue 1,000 shares of 10-cent par value common stock, 8,000
shares of $1 par value class A preferred stock, and 1,000 shares
of 10-cent class B preferred stock. By 1977 IRA was also
authorized to issue 1,000 shares of $5,000 par value class C
preferred stock.
IRA's annual franchise reports filed with the State of
Delaware from 1975 to 1988 reported that the following shares of
stock were issued and outstanding:
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