Netflix, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 09/04/2020   Download
SEC Document
SEC Filing

On and effective as of September 2, 2020, the Board of Directors of Netflix, Inc. (the “Company”) amended and restated the Company’s Bylaws (the “Amended Bylaws”) to, among other things, make changes throughout the Bylaws describing the rights, powers, duties and responsibilities of the Co-Chief Executive Officers, President and Chief Operating Officer; facilitate virtual stockholder meetings along with electronic signatures and notices; incorporate additional requirements, or make clarifications, to the advance notice and other procedural requirements related to stockholder nominations for election of directors or proposals of business at the Company’s stockholder meetings; eliminate that there is no stockholder action by written consent since this is already provided for in the Company’s Restated Certificate of Incorporation; make certain other changes in line with current market practices; eliminate certain provisions that are no longer applicable to the Company; and make other ministerial, clarifying, and conforming changes.