Penn Virginia Corporation
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 12/27/2019   Download
SEC Document
SEC Filing

Effective as of December 20, 2019, the Board of Directors (the “Board”) of Penn Virginia Corporation (the “Company”) approved and adopted amendments to the Company’s Third Amended and Restated Bylaws (as amended and restated, the “Bylaws”) to implement majority voting in uncontested director elections and plurality voting in contested director elections. In uncontested director elections, directors will be elected by a majority of the votes cast, which means that the number of shares voted “for” a director must exceed the number of shares voted “against” that director. In contested director elections, plurality voting continues to apply (meaning that the director nominees with the greatest number of shares voted “for” shall be elected without regard to votes cast “against” any nominee).