Huntsman Corporation
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 06/19/2020   Download
SEC Document
SEC Filing

On June 16, 2020, the Board approved an amendment and restatement of the bylaws of the Company (the “Amended Bylaws”), effective as of such date. Among other matters, the Amended Bylaws (a) clarify that the Board is empowered to hold virtual meetings of stockholders, (b) amend the existing restrictions on forum selection in the forum selection bylaw to provide that the federal district courts of the United States of America shall be the exclusive forum for the resolution of claims under a certain specific federal statute, namely, the Securities Act of 1933, as amended, unless the Company consents in writing to the selection of an alternative forum, (c) revise the proxy access provisions to limit the maximum number of proxy access nominees by offsetting the number of incumbent directors who join the Board pursuant to a settlement agreement, and (d) amend the existing advance notice bylaw provisions by adopting certain technical and administrative clarifications and by supplementing additional stockholder requirements, which, among other changes, now require that a noticing stockholder update the nomination notice as of the record date and 10 business days prior to the stockholder meeting.