Bar Harbor Bankshares
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 05/18/2020   Download
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Effective May 12, 2020, our board of directors approved and adopted Amended and Restated Bylaws of Bar Harbor Bankshares. The Amended and Restated Bylaws effect the following changes to our previous Amended and Restated Bylaws, as amended:

Add and clarify provisions to further establish the procedural requirements applicable to any shareholder who wishes to nominate any person for election or reelection as a director. In addition to the previous requirements, any shareholder who wishes to make such a nomination must now also (i) disclose all direct and indirect compensation and other material monetary arrangements between such shareholder and each proposed nominee, (ii) include, with respect to each nominee, the completed and signed questionnaire required by Section 5.2 of the Amended and Restated Bylaws.
Add and clarify notice provisions to further establish the procedural requirements applicable to any shareholder who wishes to propose to bring a proposal or other business before the annual meeting of shareholders.
Add and clarify provisions to further establish procedural and notification requirements applicable to any shareholder who wishes to call a special meeting of shareholders, and to clarify what business may be conducted at such a special meeting of shareholders.

The board also approved other amendments for general consistency and administrative clarity.