IPG Photonics Corporation
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 08/24/2020   Download
SEC Document
SEC Filing
On August 18, 2020, the Board of Directors (the “Board”) of IPG Photonics Corporation (the “Company”) amended and restated the Company’s amended and restated Bylaws, dated March 5, 2019 (the “Amended and Restated Bylaws”) to clarify certain corporate procedures and make certain other enhancements and technical changes with respect to procedures relating to the stockholders meetings, other stockholder actions and Board actions and powers in emergency circumstances. The changes effected by the Amended and Restated Bylaws include, without limitation, the following:

clarifying that the Board may postpone, adjourn, recess, reschedule or cancel a stockholder meeting;
updating the procedures for establishing quorum at stockholder meetings;
clarifying the powers of the Board and the person presiding over a stockholder meeting to regulate conduct at such stockholder meetings;
updating the advance notice provisions for director nominations and stockholder proposals at stockholder meetings;
updating the procedures relating to fixing the date for determination of stockholders of record and the provisions relating to stockholder action without a meeting; and
clarifying the procedures for filling Board vacancies.

The Amended and Restated Bylaws are effective August 18, 2020.