Green Bay Packers, Inc.

The Green Bay Packers Board of Directors is the organization that serves as the owner of record for the Green Bay Packers of the National Football League (NFL). The corporation is governed by a seven-member executive committee, elected from among the board of directors. The committee directs corporate management, approves major capital expenditures, establishes board policy, and monitors performance of management in conducting the business and affairs of the corporation. The elected president, currently Ed Policy, represents the corporation at NFL owners meetings and other league functions. The president is the only officer who receives compensation. The balance of the committee sits gratis. ==Corporate structure==

The Packers have been a publicly owned, non-profit corporation since August 18, 1923. The Packers have been granted an exemption to the NFL's ban on corporate ownership of clubs, as the Packers have been a publicly owned corporation prior to that prohibition. The NFL requires every club to be wholly owned by either a single owner or a small group of owners, one of whom must hold a 30% stake in the team. ==Shareholder rights==

Even though it is referred to as "common stock" in corporate offering documents, a share of Packers stock does not share the same rights traditionally associated with common or preferred stock in publicly-traded companies. A Packers share does not include an equity interest, does not pay dividends, cannot be traded, and has no protection under securities law. It also confers no season-ticket purchasing privileges. Shareholders receive nothing more than voting rights, an invitation to the corporation's annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise. Shares cannot be resold, except back to the team for a fraction of the original price. While new shares can be given as gifts, transfers are technically allowed only between immediate family members once ownership has been established. ==Stock sales==

The corporation currently has approximately 538,967 stockholders, who collectively own approximately 5,204,625 shares of stock following the sixth stock sale in 2022. There have been six stock sales, in 1923, 1935, 1950, 1997, 2011, and 2022. The nonprofit Green Bay Football Corporation was then reorganized as the Green Bay Packers, Inc., the present company, with 300 shares of stock outstanding. • 1997–98: The club's then-1,940 shareholders voted to create one million new shares, simultaneously giving themselves a thousand-to-one split. The net effect was to ensure that existing shareholders retained the vast majority of voting power. An offering of 400,000 shares followed to raise money for Lambeau Field redevelopment. Running for 17 weeks from late 1997 to March 16, 1998, it raised over $24 million through the purchase of 120,010 shares at $200 apiece by 105,989 new shareholders. Buyers were from all 50 U.S. states, and for the first time, sales were briefly allowed in Canada, adding around 2,000 shareholders. Approximately 99% of the shares were purchased online. • 2021–22: A sixth stock sale began on November 16, 2021, consisting of 300,000 shares to be sold at $300 apiece. Proceeds of the sale were announced to be spent toward new video boards and concourse upgrades, among other projects at Lambeau Field. Sale of stock was initially limited to residents of the United States (excluding residents of American Samoa and the Northern Mariana Islands); the sale was expanded to include residents of Canada after four days, with 126,000 shares having been sold prior to that point. The sale concluded on February 25, 2022, with $64 million being raised through the sale of 194,537 shares, adding 176,160 new shareholders. Among the new shareholders were Packers players A. J. Dillon, Aaron Jones, and Kurt Benkert. Shares are administered by Broadridge Financial Solutions. At the time of his death in 2013, Green Bay Press-Gazette publisher Michael Gage was said to be the largest shareholder of the team. ==Charitable foundation==

Judge Robert J. Parins, who was the president of the Green Bay Packers from 1982 to 1989, founded the Green Bay Packers Foundation in 1986 to be the charitable arm of the Packers organization and to ensure the team maintained strong community outreach. The Packers Foundation is organized as a 501(c)(3) organization That same year, the foundation reported cash-on-hand at over $51 million. ==References==