AptarGroup, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 10-Q on 07/31/2020   Download
SEC Document
SEC Filing

On July 30, 2020, the Company’s Board of Directors (the “Board”) amended and restated the Company's by-laws to clarify certain corporate procedures and make certain other enhancements and technical changes. The changes effected by the amendment and restatement of the Company’s by-laws (the “Amended and Restated By-Laws”) include, without limitation, the following:

updating the advance notice provisions for director nominations and stockholder proposals at stockholder meetings;
designating the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of litigation;
clarifying that the Board may postpone, reschedule or cancel a stockholder meeting;
clarifying when the plurality voting carve-out to the majority vote standard for the election of directors applies;
clarifying the powers of the chairman of a stockholder meeting to regulate conduct at such meeting;
allowing emergency special Board meetings to be held with less than 24 hours’ notice; and
outlining the process for Board action in the event of an emergency.

The Amended and Restated By-Laws are effective July 30, 2020.