reen Bay Packers Inc., has been a publicly owned, nonprofit corporation since Aug. 18, 1923, when original articles of incorporation were filed with Wisconsinís secretary of state.
One of the more remarkable business stories in American history, the Green Bay Packers organization has been kept viable by its shareholders ó its unselfish fans. Even more incredible, the Packers have survived and thrived during the current era, permeated by free agency and the NFL salary cap.
Fans have supported the team financially through five stock sales: 1923, 1935, 1950, 1997 and 2011.
Today, 363,948 people (representing 5,020,523 shares) are owners of the iconic franchise.
The organizationís fifth stock offering, which ended Feb. 29, 2012, was a tremendous success with more than 250,000 new shareholders becoming owners. For the first time in a Packers stock offering, international sales in Canada were issued for a short while and accounted for approximately 2,000 shares.
More than 269,000 shares were sold during the offering that began Dec. 6, 2011.
All proceeds from the offering are going toward the expansion of Lambeau Field, a $143-million project that includes approximately 6,700 seats, new HD video boards, a new sound system and two new gates. The new sound system was in place for the 2011 season, the new video boards and one gate were launched in 2012 and the new seats and second gate will debut for the 2013 season.
To protect against someone taking control of the team, the articles of incorporation prohibit any person from owning more than 200,000 shares.
The corporation is governed by a board of directors and a seven-member executive committee.
Shareholders do not receive any dividend on the investment.