Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v2.4.0.6
Shareholders' Equity
 9 Months Ended
Dec. 31, 2011
Shareholders' Equity  
Shareholders' Equity

13. Shareholders’ Equity

 

In May 2011, we completed an initial public offering of our common stock. We issued 4,575,098 new common shares for which we received $48,459 after deductions for offering expenses, underwriting discounts and commissions. The gross offering price was $12.00 per share.   In addition, some of our stockholders participated in the offering and sold a total of 6,074,902 shares at a gross offering price of $12.00 per share, for which they were paid directly.  After completion of the initial public offering and the issuance of 15,136 restricted shares and the exercise of stock options resulting in the issuance of 307,048 common shares  (see note 15, “Stock-Based Compensation Expense”), Thermon Group Holdings had 29,830,689 shares outstanding out of a total 150,000,000 authorized at December 31, 2011.   At December 31, 2011, CHS and two other private equity firms controlled approximately 52.8% of the common stock of Thermon Group Holdings.

 

Thermon Group Holdings also has 10,000,000 preferred shares authorized with none issued.