Annual report pursuant to Section 13 and 15(d)

Shareholders Equity (Successor) - Thermon Holding Corp

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Shareholders Equity (Successor) - Thermon Holding Corp
 12 Months Ended
Mar. 31, 2012
Shareholders Equity (Successor)

13. Shareholders’ Equity (Successor)

 

On March 31, 2011, the Board of Directors of Thermon Group Holdings, Inc. (“Successor”) approved an increase in the number of authorized shares to 150,000,000 shares of common stock and a 192.458681-for-one split of Successor’s issued and outstanding common stock. The increase in the authorized shares and the stock split became effective on March 31, 2011. The common share and per common share amounts in these consolidated financial statements and notes to consolidated financial statements have been presented to reflect the 192.458681-for-one split for the period from May 1, 2010 to March 31, 2011.  The stock split only applied to the Successor and had no effect on capital structure of the Predecessor, which is reported within these financial statements.

 

We have 10,000,000 shares of preferred stock authorized. The board of directors has the authority to issue the preferred stock and to fix or alter the rights, privileges, preferences and restrictions related to the preferred stock, and the number of shares constituting any such series or designation. No shares of preferred stock were issued or outstanding at March 31, 2012 and 2011
Thermon Holding Corp
  
Shareholders Equity (Successor)

12. Shareholder's Equity (Successor)

 

We have 100,000 shares of $0.001 par value common stock issued and outstanding.  All of our outstanding shares of common stock are held by our parent entity, Thermon Group Holdings, Inc.