Sequential Brands Group, Inc.
Extract: Bylaws Amendment (Plain English Desc) from a 10-Q on 11/16/2020   Download
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Bylaws Amendment

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On November 16, 2020, the Company amended its Bylaws, effective April 1, 2021, to provide that (i) the Board of Directors may not increase the Board of Directors to more than five members and (ii) if, on April 1, 2021 and prior to giving effect to any appointment of directors effectuated on or following such date, the number of directors is greater than four, then the Board of Directors may increase the number of directors to such number as is equal to two times the number of directors then serving minus three.