Tyson Foods, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 02/12/2020   Download
SEC Document
SEC Filing

The Company’s board of directors (the “Board”) adopted the Sixth Amended and Restated By-Laws of Tyson Foods, Inc. (the “Amended By-Laws”), effective February 6, 2020. The following is a summary of the provisions changed by adoption of the Amended Bylaws, which is qualified in its entirety by reference to the Amended Bylaws filed as Exhibit 3.1 hereto:
(i)
The Board may appoint one or more Vice Chairmen to have such duties and responsibilities as the Board may determine from time to time;
(ii)
The Chairman shall be a member of the Board’s Executive Committee;
(iii)
The Chairman shall be a member of the proxy committee at any meeting of the Company’s stockholders which votes any proxies received in the name of and on behalf of the stockholders;
(iv)
The Chief Executive Officer’s appointment and removal powers are commensurate with those of the President;
(v)
The Chief Executive Officer, if such officer is a director, is not empowered (1) to preside at Board and stockholder meetings during the absence or disability of the Chairman and (2) exercise all the powers and discharge all the duties of the President during the absence or disability of the President;
(vi)
Electronic signatures and notification methods may be permitted in certain instances; and
(vii)
Stylistic updates have been incorporated.