Warrior Met Coal, Inc.
Extract: Charter Amendment (Plain English Desc) from a 8-K on 03/20/2020   Download
SEC Document
SEC Filing

As previously disclosed, at the 2019 Annual Meeting of Stockholders of Warrior Met Coal, Inc. (the “Company”) held on April 23, 2019, over 92% of the shares present and entitled to vote approved an amendment of the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) for the purpose of extending the restriction release date from April 19, 2020 until April 19, 2023 of certain provisions relating to restrictions on the transfer or other disposition of shares of the Company’s Common Stock (the “Section 382 Transfer Restrictions”). The Section 382 Transfer Restrictions are intended to prevent an ownership change that could substantially reduce the significant long-term potential benefits of the Company’s net operating loss carryforwards (the “NOLs”) and deferred tax assets.

On March 18, 2020, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Certificate of Incorporation (the “Certificate of Amendment”) to effect the extension of the Section 382 Transfer Restrictions. The Certificate of Amendment became effective upon filing on March 18, 2020. The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment.