SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 6 - Capital Stock

Note 6 - Capital Stock

12 Months Ended

Dec. 31, 2017

Stockholders' Equity Note Disclosure [Text Block]

6 .	Capital stock

Common shares

Authorized share capital:

The authorized share capital of the Company at

December 31, 2017

and

January 1, 2017

consisted of:

(i)

26,000,000

shares of common stock, par value

$0.01

per share: Holders are entitled to

one

vote per share and the right to share in dividends pro rata subject to any preferential dividend rights of any then outstanding preferred stock.

(ii)

5,000,000

shares of preferred stock, par value

$0.01

per share: From time to time the Company

may

issue preferred stock in

one

or more series and will fix the terms of that series at the time it is created.

500,000

shares of series A participating preferred stock, par value

$0.01

per share authorized. As at

December

31,

2017,

there was

outstanding preferred stock.

Issued and outstanding:

The outstanding number of common shares included in shareholders

’ equity consisted of the following as at the following dates:

	December 3 1, 2017				January 1 , 201 7				January 3 , 201 6
	Number of shares		$		Number of shares		$		Number of shares		$

Common Stock

Balance at beginning of the period		16,510,180	$	391		16,485,055	$	391		16,417,276	$	390
Shares issued pursuant to:
Conversion of restricted stock units		482,447		5		25,125		—		67,779		1

Balance at end of the year		16,992,627	$	396		16,510,180	$	391		16,485,055	$	391

Total Common Stock			$	396			$	391			$	391

Exchangeable shares:

During the year ended

December 31, 2017,

January 1, 2017

and

January 3, 2016

there were

issued or outstanding exchangeable shares.