PARKWAY CO/TX
10-C, 1995-05-02
OPERATORS OF NONRESIDENTIAL BUILDINGS
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               SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C.   20549


                            FORM 10-C

         Report by Issuer of Securities Quoted on NASDAQ
                  Interdealer Quotation System

          Filed pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934 and Rule 13a-17
                      or 15d-17 thereunder


                       THE PARKWAY COMPANY                       
         (Exact name of issuer as specified in charter)

                      300 One Jackson Place
                     188 East Capitol Street
                  Jackson, Mississippi   39201                   
            (Address of principal executive offices)

                        (601) 948-4091                           
        (Issuer's telephone number, including area code) 


           I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

          Indicate any change (increase or decrease) of 5% or
more in the number of shares outstanding:

          1.   Title of security:  Common Stock, $1.00 par value.

          2.   Number of shares outstanding before the 
change:  1,563,308.

          3.   Number of shares outstanding after the 
change:  1,993,721.

          4.   Effective date of change:  April 27, 1995.

          5.   Method of change:

               Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse split, acquisition
of stock for treasury, etc.):

               Merger.

               Give brief description of transaction:  

               EB, Inc. ("EB") merged into Parkway Acquisition
Corporation, a subsidiary of the Issuer, and shares of the Issuer
were issued in exchange for shares of EB.


                  II.  CHANGE IN NAME OF ISSUER


          1.   Name prior to change:_____________________________

          2.   Name after change:________________________________

          3.   Effective date of charter amendment changing
name:____________________________________________________________

          4.   Date of shareholder approval of change, if 
required:________________________________________________________


DATE:     April 27, 1995      THE PARKWAY COMPANY



                              By   /s/ Sarah P. Clark                           
                                   Sarah P. Clark,
                                   Vice President,
                                   Chief Financial Officer
                                   and Secretary


163817


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