Vuzix Corporation
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 06/24/2020   Download
SEC Document
SEC Filing

On June 19, 2020, Vuzix Corporation (the “Company”) adopted amended and restated bylaws. Under the amended and restated bylaws, the provision for election of directors, which previously provided that directors would be elected by plurality vote, was amended such that, commencing following the Company’s 2020 annual meeting of stockholders, directors will be elected as follows: (i) for contested director elections, by the affirmative vote of the holders of a plurality of the shares entitled to vote on the election of directors and represented in person or by proxy at the meeting, and (ii) for uncontested director elections, by the affirmative vote of the holders of a majority of the shares for which votes are cast in person or by proxy at the meeting.