Cadence Design Systems, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 02/11/2020   Download
SEC Document
SEC Filing

On February 5, 2020, the Board of Directors of Cadence Design Systems, Inc. (“Cadence”) approved and adopted an amendment and restatement to Cadence’s Bylaws (the “Bylaws”), which became effective immediately.    The Bylaws were amended and restated as follows:

  Special Meeting of Stockholders.

  Amended Article I, Section 1.3 to provide that the Secretary of Cadence shall call a special meeting of stockholders upon the request of a stockholder, or group of stockholders, owning at least 25% of the Company’s outstanding stock for at least one year, provided that the stockholder or stockholders satisfy the requirements specified in the Bylaws. Previously, only the Board of Directors, the Chairman of the Board or the Chief Executive Officer of Cadence could call a special meeting of stockholders.

  Amended Article I, Section 1.12 to clarify what business may be conducted at a stockholder-requested special meeting of stockholders.

  Other Amendments. Included certain other ministerial changes, clarifications, and other conforming revisions.