EXPLANATORY NOTE
This
registration statement on Form 8-A is being filed by CONMED Corporation, a New York corporation (the Company), with the Securities and Exchange Commission (the Commission)
in connection with the Companys transfer of its listing of Common Stock, par value $0.01 per share (the Common Stock), from the NASDAQ Global Select Market (the NASDAQ) to the New York Stock Exchange (the
NYSE). Upon the commencement of trading of the Common Stock on the NYSE, the Company will voluntarily withdraw the Common Stock from listing on the NASDAQ.
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 1.
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Description of Registrants Securities to be Registered.
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Description of Common Stock
The
following is a description of the general terms, provisions and rights of Common Stock and related provisions of the Companys certificate of incorporation (the Certificate of Incorporation) and bylaws (the
Bylaws) and applicable New York law. This description is qualified in its entirety by, and should be read in conjunction with, the Certificate of Incorporation, Bylaws and applicable New York law.
Authorized Shares
We have the authority to issue an
aggregate of 100,000,000 shares of Common Stock. As of February 5, 2020, there were 31,299,194 shares of our Common Stock issued and 28,490,183 shares of our Common Stock outstanding.
Dividend Rights
Subject to the preferences, limitations
and relative rights of holders of our preferred stock, the holders of Common Stock are entitled to share ratably in dividends if, when and as declared by our board of directors out of funds legally available therefor.
Under New York law, a corporation may declare and pay dividends or make other distributions in cash or its bonds or its property on its outstanding shares,
except when the corporation is insolvent or would thereby be made insolvent, or when the declaration, payment or distribution would be contrary to any restriction contained in the certificate of incorporation. Our Certificate of Incorporation
contains no such restriction. In general, dividends may be declared or paid and other distributions may be made out of surplus only, so that the net assets of the corporation remaining after such declaration, payment or distribution shall at least
equal the amount of its stated capital.
Voting Rights
Subject to the preferences, limitations and relative rights of holders of our preferred stock, the holders of Common Stock are entitled to one vote for each
share held of record on all matters at all meetings of shareholders.
Liquidation Rights
Subject to the preferences, limitations and relative rights of holders of our preferred stock, the holders of Common Stock are entitled, in the event of our
liquidation, dissolution or winding-up, to share ratably in the distribution of assets remaining after payment of debts and expenses.
Absence of Other Rights
Our Common Stock has no sinking
fund or redemption provisions or preemptive, conversion or exchange rights.
Anti-Takeover Effects of Our Certificate of Incorporation and Bylaws
Our Certificate of Incorporation and Bylaws contain provisions that may delay, defer or discourage another party from acquiring control of us. We
expect that these provisions, some of which are summarized below, will discourage coercive takeover practices or inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of us to first negotiate
with the board of directors, which we believe may result in an improvement of the terms of any such acquisition in favor of our shareholders. However, they also give the board of directors the power to discourage acquisitions that some shareholders
may favor.