EX-99.(A) 2 d397616dex99a.htm ARTICLES SUPPLEMENTARY Articles Supplementary

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 June 7, 2012 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:

The establishment of a new series of capital stock of the Corporation, 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 ($0.10) per share, of such series to be designated as follows:

 

Series/Portfolio    Class

Maxim Real Estate Index Portfolio

    Initial Class

Maxim Real Estate Index Portfolio

    Class L

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, except that, notwithstanding anything in the charter to the contrary, with respect to the Maxim Real Estate Index Portfolio:

(i)        Subject to compliance with the requirements of the Investment Company Act of 1940, as amended, the Board of Directors shall have the authority to provide that holders of shares of any of the aforementioned classes of stock of such series shall have the right to convert or exchange said shares into shares of one or more other classes of shares in accordance with such requirements and procedures (and subject to such conditions) as may be established by the Board of Directors and from time to time reflected in the registration statement of the Corporation.

(ii)        At such times as may be determined by the Board of Directors in accordance with the Investment Company Act of 1940, as amended, and applicable rules and regulations of the Financial Industry Regulatory Authority, or any successor organization, and from time to time reflected in the registration statement of the Corporation, shares (or certain shares) of a particular class of the aforementioned classes of stock of such series may be automatically converted into shares of another class of shares, subject, however, to any conditions of conversion that may be imposed by the Board of Directors and reflected in the registration statement of the Corporation. The term and conditions of such conversion may vary within and among the classes to the extent determined by the Board of Directors and set forth in the registration statement of the Corporation.

THIRD:    The aforementioned new series and classes of capital stock of the Corporation have been classified by the Board of Directors under the authority contained in the Corporation’s charter.

FOURTH:    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 hereafter set forth.

FIFTH:    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 Eleven Billion (11,000,000,000), (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 One Billion One Hundred Million Dollars ($1,100,000,000).

           

Authorized Shares

(expressed in
millions)

  
     
Series/Portfolio    Class    Before      After  

Maxim Money Market

    Common Stock      1,000         1,000   

Maxim Stock Index

    Initial Class      90         90   

Maxim Stock Index

    Class L      35         35   

Maxim Bond Index

    Initial Class      105         105   

Maxim Bond Index

    Class L      35         35   

Maxim U.S. Government Mortgage Securities

    Initial Class      90         90   

Maxim U.S. Government Mortgage Securities

    Class L      35         35   

Maxim S&P SmallCap 600® Index

    Initial Class      100         100   

Maxim S&P SmallCap 600® Index

    Class L      35         35   

Maxim Putnam High Yield Bond

    Initial Class      100         100   

Maxim Putnam High Yield Bond

    Class L      35         35   

Maxim Janus Large Cap Growth

    Initial Class      100         100   

Maxim Janus Large Cap Growth

    Class L      35         35   

Maxim MFS International Growth

    Initial Class      100         100   

Maxim MFS International Growth

    Class L      35         35   

Maxim Federated Bond

    Initial Class      100         100   

Maxim Federated Bond

    Class L      35         35   

Maxim MFS International Value

    Initial Class      79         79   

Maxim MFS International Value

    Class L      35         35   

Maxim S&P 500 Index

    Initial Class      100         100   

Maxim S&P 500 Index

    Class L      35         35   

Maxim Goldman Sachs MidCap Value

    Initial Class      85         85   

Maxim Goldman Sachs MidCap Value

    Class L      35         35   

Maxim Invesco Small-Cap Value

    Initial Class      110         110   

Maxim Invesco Small-Cap Value

    Class L      35         35   

Maxim Ariel MidCap Value

    Initial Class      100         100   

Maxim Ariel MidCap Value

    Class L      35         35   

Maxim Ariel Small-Cap Value

    Initial Class      85         85   

Maxim Ariel Small-Cap Value

    Class L      35         35   

Maxim Loomis Sayles Small-Cap Value

    Initial Class      90         90   

Maxim Loomis Sayles Small-Cap Value

    Class L      35         35   

Maxim Loomis Sayles Bond

    Initial Class      100         100   

Maxim Loomis Sayles Bond

    Class L      35         35   

Maxim T. Rowe Price Equity/Income

    Initial Class      125         125   

Maxim T. Rowe Price Equity/Income

    Class L      35         35   

Maxim Small-Cap Growth

    Initial Class      90         90   

Maxim Small-Cap Growth

    Class L      35         35   

Maxim Invesco ADR

    Initial Class      100         100   

Maxim Invesco ADR

    Class L      35         35   

Maxim Short Duration Bond

    Initial Class      85         85   

Maxim Short Duration Bond

    Class L      35         35   

Maxim T. Rowe Price MidCap Growth

    Initial Class      110         110   

Maxim T. Rowe Price MidCap Growth

    Class L      35         35   

Maxim Templeton Global Bond

    Initial Class      100         100   

Maxim Templeton Global Bond

    Class L      35         35   

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   

           

Authorized Shares

(expressed in
millions)

  
     
Series/Portfolio    Class    Before      After  

Maxim Putnam Equity Income

    Initial Class      52.5         52.5   

Maxim Putnam Equity Income

    Class L      33         33   

Maxim American Century Growth

    Initial Class      52.5         52.5   

Maxim American Century Growth

    Class L      33         33   

Maxim Real Estate Index

    Initial Class      0         35   

Maxim Real Estate Index

    Class L      0         35   

Maxim Conservative Profile I

    Initial Class      100         100   

Maxim Conservative Profile I

    Class L      35         35   

Maxim Moderately Conservative Profile I

    Initial Class      100         100   

Maxim Moderately Conservative Profile I

    Class L      35         35   

Maxim Moderate Profile I

    Initial Class      100         100   

Maxim Moderate Profile I

    Class L      35         35   

Maxim Moderately Aggressive Profile I

    Initial Class      100         100   

Maxim Moderately Aggressive Profile I

    Class L      35         35   

Maxim Aggressive Profile I

    Initial Class      100         100   

Maxim Aggressive Profile I

    Class L      35         35   

Maxim Conservative Profile II

    Initial Class      100         100   

Maxim Conservative Profile II

    Class L      35         35   

Maxim Moderately Conservative Profile II

    Initial Class      100         100   

Maxim Moderately Conservative Profile II

    Class L      35         35   

Maxim Moderate Profile II

    Initial Class      200         200   

Maxim Moderate Profile II

    Class L      35         35   

Maxim Moderately Aggressive Profile II

    Initial Class      100         100   

Maxim Moderately Aggressive Profile II

    Class L      35         35   

Maxim Aggressive Profile II

    Initial Class      175         175   

Maxim Aggressive Profile II

    Class L      35         35   

Maxim Lifetime 2015 I

    Class T      45         45   

Maxim Lifetime 2015 I

    Class T1      45         45   

Maxim Lifetime 2015 I

    Class L      33         33   

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   

           

Authorized Shares

(expressed in
millions)

  
     
Series/Portfolio    Class    Before      After  

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 Balanced ETF

    Class A      35         35   

Maxim SecureFoundationSM Balanced ETF

    Class S      35         35   

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   

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   

           

Authorized Shares

(expressed in
millions)

  
     
Series/Portfolio    Class    Before      After  

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:     

           1,810         1,740   
       

Total:     

           11,000         11,000   

SIXTH: 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 24th day of July 2012, 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