On Oecember $31,2023,$ Dow Sheel Corporation had $7$B$0,000$ shares of cammon stock and $373,000$ shares of $10$k noncumulative, nonconvertible prelerned stock insued and outstanding

Dow issued a $5\%$ common shock dividend on May $15$ and paid cash dividends of $5580\mathrm{.}900$ and $587000$ to common and prelerred shaceholders, respectively, on December $15.2024.$

On Febluary $28,2024,$ Dow sold $68\mathrm{.}000$ common shares.

In keeping with is long term shave repurchave plan, $5\mathrm{.}000$ shares wewe retired on hay $1$

Dow's net income for the year ended December $34.2024,$ was $51,000,000.$

The income las sate is $25\%.$ net income is at least $5430,000$

in $2024,$ Merrits net income mas $5410\mathrm{.}000$ of the current and each of the previous two years.

Each option permits its holder to buy one shae of common stock at an exerose price soual is marief value at the date of grant and can be exercised one year from that dione.

Information conceming the number of options graned and common shave prices folowk: Indialled fing

bonds: contingently iasuable shares $8$ LO$19-4$ through $9$ LOTS$-11$ thembelbers, ropectivels, we Dweenter $15,2004.$

On Pitreary $2$R$,2024,$ Dve woll $60\mathrm{.}000$ cemmen ahams.

The incoest tas rate in $22$s$.$ ssoe ace.

Non

Dew Orated

Optenes Orumed

Paen Mer

Dosenter $21,2092$

$($efound for the mack $$ivinte$)$

Devenker $24,2013$

$1,000$

$424$

December IL$,2044$

$3\mathrm{.}000$

$133$

$32$

Bequiene: