Governance
Rivanna Natural Designs, Inc. is a for-profit corporation. The company was founded on July 3, 2001 as a stock Corporation under the provisions of the Virginia Stock Corporation Act, Title 13.1, Chapter 9, of the Code of Virginia (1950), as amended, with the authority to issue 5,000 shares of common stock. Crystal A. Mario, the company's sole founder, director, and shareholder, was issued 100 shares of stock.
On July 1, 2011, the day that Benefit Corporation legislation was enacted in Virginia, the company filed amended Articles of Incorporation to become a Benefit Corporation as described in Article 22, Chapter 9, Title 13.1 of the Code of Virginia of 1950, as amended, stating the principal purpose for which it is organized is to design, manufacture, and distribute awards and giftware, while considering the impact of its decisions not only on its Shareholders, but also on its other stakeholders, including employees, suppliers, community, and the local and global environment.
On November 10, 2015, the sole director and shareholder, in an action deemed to be consistent with and likely to promote the public benefit of the Corporation, filed amended Articles giving the Corporation the authority to issue 2,550 shares of Voting Common (Class A) stock and 2,450 share of Non-voting Common (Class B) stock.
On January 1, 2016, in an action deemed to be consistent with and likely to promote the public benefit of the Corporation, in consideration of her valuable services to the Corporation, Gretchen A. Wirth was issued 24 shares of Non-voting Class B common stock.
Statement of Beneficial Ownership
Effective January 1, 2016, Rivanna Natural Designs, Inc. has 124 shares of common stock outstanding. Crystal A. Mario, CEO, founder, and sole director, a U.S. citizen and resident of Virginia, owns 100 shares of Voting Class A common stock. Gretchen A. Wirth, Vice President of Business Development, a U.S. citizen and resident of California, owns 24 shares of Non-voting Class B common stock. Any changes to the ownership of the company will be made public within 30 days of occurrence.
Learn more about why this statement matters.
Board of Directors
The company currently does not have a Board of Directors or outside governing body. The company plans to form an Advisory Board in 2019. Stakeholders interested in participating in the company's Advisory Board are invited to contact us for further details.
