Akerna Corp.
20201120125016971 in a 8-K on 11/19/2020   Download
SEC Document
SEC Filing

Bylaws Amendment

 

On November 18, 2020, the Company’s Board of Directors approved an amendment to the Company’s bylaws to amend Section 8(c) thereof to change the voting standard for items, other than the election of directors, to be approved at a meeting of the shareholders from a majority of the shares present, in person or represented by proxy, and entitled to vote on the subject matter to a majority of the votes cast by holders of voting stock present in person or represented by proxy at the meeting and entitled to vote on such matter. The amendment also added a provision to Section 8(c) to clarify the effect of broker non-votes on non-routine matters, being that broker non-votes are counted for the purposes of establishing quorum but not for purposes of determining the number of votes cast of a matter that is determined to be non-rountine under applicable law, rules and regulations.