Starwood Property Trust, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 03/20/2020   Download
SEC Document
SEC Filing

On March 16, 2020, the Board of Directors (the “Board”) of Starwood Property Trust, Inc., a Maryland corporation (the “Company”), amended and restated the bylaws of the Company (as so amended and restated, the “Bylaws”), effective immediately. The amendment consisted of revising Article XIV of the Bylaws to provide the stockholders of the Company with the power, by the affirmative vote of a majority of all votes entitled to be cast on the matter, to adopt, alter or repeal any provision of the Bylaws, and to make new Bylaws, at a duly called annual meeting or special meeting of the stockholders and at which a quorum is present (a “Stockholder Bylaw Proposal”); provided, that any such proposal must be submitted to the Company in accordance with the advance notice procedures and deadlines set forth in Article II, Section 11 of the Bylaws. In addition, in order for any stockholder to be eligible to submit a Stockholder Bylaw Proposal, such stockholder must (i) meet the same eligibility requirements as those set forth in Rule 14a-8 under the Securities Exchange Act of 1934, as amended (as such rule may be amended from time to time, “Rule 14a-8”); and (ii) submit sufficient evidence establishing that the eligibility requirements set forth in Rule 14a-8 have been met.