Chico's FAS, Inc.
Extract: Bylaws Amendment (Plain English Desc) from a 8-K on 06/24/2019   Download
SEC Document
SEC Filing
On June 24, 2019, the Board of Directors of Chico's FAS, Inc. (the “Company”) approved an amendment to the Company’s Amended and Restated Bylaws, effective as of such date, to opt out of the application of the Control Share Acquisition Statute contained in the Florida Business Corporation Act (Section 607.0902). Unless a corporation opts out, the statute prohibits the voting of shares acquired in a “control share acquisition,” unless a majority of the disinterested shareholders approves the granting of full voting rights to the acquirer.