EX-99.28(A) 3 dex9928a.htm ARTICLES SUPPLEMENTARY AND ARTICLES OF AMENDMENT Articles Supplementary and Articles of Amendment

ARTICLES SUPPLEMENTARY

MAXIM SERIES FUND, INC.

Maxim Series Fund, Inc. (the “Corporation”), a Maryland corporation, hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST: On March 23, 2011, the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

1. The establishment of 2 new series of capital stock of the Corporation, each representing interests in a separate investment portfolio, and the creation of multiple classes of shares of Common Stock, with a par value of Ten Cents ($.10) per share, of each such series to be designated as follows:

 

Series/Portfolio

  

Class

Maxim Putnam Equity Income

   Initial Class

Maxim Putnam Equity Income

   Class L

Maxim American Century Growth

   Initial Class

Maxim American Century Growth

   Class L

and

2. The re-classification of the following shares of previously classified but unissued shares of Common Stock of the Corporation as follows:

 

Previously Classified Shares

(expressed in millions)

  

Re-Classified Shares

(expressed in millions)

Maxim Stock Index - 15

  

Maxim Putnam Equity Income Initial Class – 52.5

Maxim U.S. Government Mortgage Securities – 15

  

Maxim Putnam Equity Income Class L – 33

Maxim Putnam High Yield Bond – 15

  

Maxim American Century Growth Initial Class – 52.5

Maxim MFS International Value – 21

  

Maxim American Century Growth Class L – 33

Maxim MidCap Value – 15

  

Maxim Small-Cap Value – 15

  

Maxim Ariel Small-Cap Value – 15

  

Maxim Loomis Sayles Small-Cap Value – 15

  

Maxim Small-Cap Growth – 15

  

Maxim Short Duration Bond – 15

  

Maxim T. Rowe Price MidCap Growth – 15

  

SECOND: The description of each of the aforementioned new series and classes of capital stock of the Corporation, including the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption, is as set forth in the Corporation’s charter.

THIRD: The total number of shares of capital stock that the Corporation has authority to issue has been increased or decreased by the Board of Directors in accordance with Section 2-105(c) of the Maryland General Corporation Law to the extent hereinafter set forth.

FOURTH: Both as of immediately before the increase or decrease and as increased or decreased: (i) the total number of shares of stock of all classes that the Corporation has authority to

issue is Eight Billion (8,000,000,000) shares, (ii) the number of shares of stock of each class is as set forth in the table below, (iii) the par value of the shares of stock of each class is Ten Cents ($.10) per share, and (iv) the aggregate par value of all the shares of all classes is Eight Hundred Million Dollars ($800,000,000).

 

          Authorized Shares
(expressed in
millions)		  

Series/Portfolio

   

Class

    Before      After  

Maxim Money Market

    Common Stock      1,000         1,000   

Maxim Stock Index

    Common Stock      105         90   

Maxim Bond Index

    Common Stock      105         105   

Maxim U.S. Government Mortgage Securities

    Common Stock      105         90   

Maxim Index 600

    Common Stock      100         100   

Maxim Putnam High Yield Bond

    Common Stock      115         100   

Maxim Janus Large Cap Growth

    Common Stock      100         100   

Maxim MFS International Growth

    Common Stock      100         100   

Maxim Federated Bond

    Common Stock      100         100   

Maxim MFS International Value

    Common Stock      100         79   

Maxim S&P 500 Index

    Common Stock      100         100   

Maxim MidCap Value

    Common Stock      100         85   

Maxim Small-Cap Value

    Common Stock      125         110   

Maxim Ariel MidCap Value

    Common Stock      100         100   

Maxim Ariel Small-Cap Value

    Common Stock      100         85   

Maxim Loomis Sayles Small-Cap Value

    Common Stock      105         90   

Maxim Loomis Sayles Bond

    Common Stock      100         100   

Maxim T. Rowe Price Equity/Income

    Common Stock      125         125   

Maxim Small-Cap Growth

    Common Stock      105         90   

Maxim Invesco ADR

    Common Stock      100         100   

Maxim Short Duration Bond

    Common Stock      100         85   

Maxim T. Rowe Price MidCap Growth

    Common Stock      125         110   

Maxim Global Bond

    Common Stock      100         100   

Maxim S&P MidCap 400® Index

    Initial Class      52.5         52.5   

Maxim S&P MidCap 400® Index

    Class L      33         33   

Maxim International Index

    Initial Class      52.5         52.5   

Maxim International Index

    Class L      33         33   

Maxim Putnam Equity Income

    Initial Class      0         52.5   

Maxim Putnam Equity Income

    Class L      0         33   

Maxim American Century Growth

    Initial Class      0         52.5   

Maxim American Century Growth

    Class L      0         33   

Maxim Conservative Profile I

    Common Stock      100         100   

Maxim Moderately Conservative Profile I

    Common Stock      100         100   

Maxim Moderate Profile I

    Common Stock      100         100   

Maxim Moderately Aggressive Profile I

    Common Stock      100         100   

Maxim Aggressive Profile I

    Common Stock      100         100   

Maxim Conservative Profile II

    Common Stock      100         100   

Maxim Moderately Conservative Profile II

    Common Stock      100         100   

Maxim Moderate Profile II

    Common Stock      200         200   

Maxim Moderately Aggressive Profile II

    Common Stock      100         100   

Maxim Aggressive Profile II

    Common Stock      175         175   

Maxim Lifetime 2015 I

    Class T      45         45   

Maxim Lifetime 2015 I

    Class T1      45         45   

Maxim Lifetime 2015 I

    Class L      33         33   

          Authorized Shares
(expressed in
millions)		  

Series/Portfolio

   

Class

    Before      After  

Maxim Lifetime 2015 II

    Class T      45         45   

Maxim Lifetime 2015 II

    Class T1      45         45   

Maxim Lifetime 2015 II

    Class L      33         33   

Maxim Lifetime 2015 III

    Class T      45         45   

Maxim Lifetime 2015 III

    Class T1      45         45   

Maxim Lifetime 2015 III

    Class L      33         33   

Maxim Lifetime 2025 I

    Class T      45         45   

Maxim Lifetime 2025 I

    Class T1      45         45   

Maxim Lifetime 2025 I

    Class L      33         33   

Maxim Lifetime 2025 II

    Class T      45         45   

Maxim Lifetime 2025 II

    Class T1      45         45   

Maxim Lifetime 2025 II

    Class L      33         33   

Maxim Lifetime 2025 III

    Class T      45         45   

Maxim Lifetime 2025 III

    Class T1      45         45   

Maxim Lifetime 2025 III

    Class L      33         33   

Maxim Lifetime 2035 I

    Class T      45         45   

Maxim Lifetime 2035 I

    Class T1      45         45   

Maxim Lifetime 2035 I

    Class L      33         33   

Maxim Lifetime 2035 II

    Class T      45         45   

Maxim Lifetime 2035 II

    Class T1      45         45   

Maxim Lifetime 2035 II

    Class L      33         33   

Maxim Lifetime 2035 III

    Class T      45         45   

Maxim Lifetime 2035 III

    Class T1      45         45   

Maxim Lifetime 2035 III

    Class L      33         33   

Maxim Lifetime 2045 I

    Class T      45         45   

Maxim Lifetime 2045 I

    Class T1      45         45   

Maxim Lifetime 2045 I

    Class L      33         33   

Maxim Lifetime 2045 II

    Class T      45         45   

Maxim Lifetime 2045 II

    Class T1      45         45   

Maxim Lifetime 2045 II

    Class L      33         33   

Maxim Lifetime 2045 III

    Class T      45         45   

Maxim Lifetime 2045 III

    Class T1      45         45   

Maxim Lifetime 2045 III

    Class L      33         33   

Maxim Lifetime 2055 I

    Class T      45         45   

Maxim Lifetime 2055 I

    Class T1      45         45   

Maxim Lifetime 2055 I

    Class L      33         33   

Maxim Lifetime 2055 II

    Class T      45         45   

Maxim Lifetime 2055 II

    Class T1      45         45   

Maxim Lifetime 2055 II

    Class L      33         33   

Maxim Lifetime 2055 III

    Class T      45         45   

Maxim Lifetime 2055 III

    Class T1      45         45   

Maxim Lifetime 2055 III

    Class L      33         33   

Maxim SecureFoundationSM Balanced

    Class G      75         75   

Maxim SecureFoundationSM Balanced

    Class G1      75         75   

Maxim SecureFoundationSM Balanced

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2015

    Class G      75         75   

Maxim SecureFoundationSM Lifetime 2015

    Class G1      75         75   

Maxim SecureFoundationSM Lifetime 2015

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2020

    Class G      33         33   

          Authorized Shares
(expressed in
millions)		  

Series/Portfolio

   

Class

    Before      After  

Maxim SecureFoundationSM Lifetime 2020

    Class G1      33         33   

Maxim SecureFoundationSM Lifetime 2020

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2025

    Class G      75         75   

Maxim SecureFoundationSM Lifetime 2025

    Class G1      75         75   

Maxim SecureFoundationSM Lifetime 2025

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2030

    Class G      33         33   

Maxim SecureFoundationSM Lifetime 2030

    Class G1      33         33   

Maxim SecureFoundationSM Lifetime 2030

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2035

    Class G      75         75   

Maxim SecureFoundationSM Lifetime 2035

    Class G1      75         75   

Maxim SecureFoundationSM Lifetime 2035

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2040

    Class G      33         33   

Maxim SecureFoundationSM Lifetime 2040

    Class G1      33         33   

Maxim SecureFoundationSM Lifetime 2040

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2045

    Class G      75         75   

Maxim SecureFoundationSM Lifetime 2045

    Class G1      75         75   

Maxim SecureFoundationSM Lifetime 2045

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2050

    Class G      33         33   

Maxim SecureFoundationSM Lifetime 2050

    Class G1      33         33   

Maxim SecureFoundationSM Lifetime 2050

    Class L      33         33   

Maxim SecureFoundationSM Lifetime 2055

    Class G      75         75   

Maxim SecureFoundationSM Lifetime 2055

    Class G1      75         75   

Maxim SecureFoundationSM Lifetime 2055

    Class L      33         33   

Unclassified Capital Stock:

         0         0   

 Total:

         8,000         8,000   

FIFTH: The Corporation is registered as an open-end company under the Investment Company of 1940.

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed in its name and on its behalf by its President and Chief Executive Officer and attested by its Secretary this 18th day of April 2011, and the undersigned officers acknowledge that these Articles Supplementary are the act of the Corporation, and certify that, to the best of their knowledge, information and belief all matters and facts set forth herein are true in all material respects, and that this statement is made under the penalties of perjury.

 

MAXIM SERIES FUND, INC.

/s/ M.T.G. Graye

Name: M.T.G. Graye

Title:   President and Chief Executive Officer

ATTEST:

 

/s/ R.L. Logsdon

Name: R.L. Logsdon

Title:   Assistant Vice President, Counsel & Secretary

MAXIM SERIES FUND, INC.

ARTICLES OF AMENDMENT

Maxim Series Fund, Inc., a Maryland corporation (the “Corporation”), in accordance with Section 2-607 of the Maryland General Corporation Law, hereby certifies as follows:

FIRST: The charter of the Corporation is hereby amended by changing the name of the following series of capital stock of the Corporation as follows:

 

CURRENT SERIES/PORTFOLIO

  

NAME NEW SERIES/PORTFOLIO NAME

Maxim Global Bond Portfolio

  

Maxim Templeton Global Bond Portfolio

SECOND: The amendment was approved by a majority of the entire Board of Directors and is limited to a change expressly authorized by Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders.

THIRD: These Articles of Amendment shall become effective at 12:00 A.M. on the 1st day of May 2011.

IN WITNESS WHEREOF, the Corporation has caused these Articles of Amendment to be signed in its name and on its behalf by its President and Chief Executive Officer and attested by its Secretary on this 15th day of April 2011, and the undersigned officers acknowledge that these Articles of Amendment are the act of the Corporation, and certify that, to the best of their knowledge, information and belief, all matters and facts set forth herein are true in all material respects, and that this statement is made under the penalties of perjury.

 

MAXIM SERIES FUND, INC.

/s/ M.T.G. Graye

Name:

  

M.T.G. Graye

Title:

  

President and Chief Executive Officer

ATTEST:

 

/s/ R.L. Logsdon

Name:

  

R.L. Logsdon

Title:

   Assistant Vice President, Counsel and Secretary