Citizens, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 06/07/2021   Download
SEC Document
SEC Filing
On June 2, 2021, due to the recent repurchase of all of the outstanding Class B common stock by Citizens, Inc. (the “Company”), the Board of Directors amended and restated the Company’s Amended and Restated Bylaws (as amended, the “New Amended and Restated Bylaws”), effective immediately, to: (i) eliminate references to the rights of the holders of the Class B common stock or certain voting groups; (ii) eliminate the requirement that the annual meeting of shareholders be held on the first Tuesday in June; (iii) conform the requirements for election of a director to be filled by reason of an increase in the number of directors to those allowed under the Colorado Business Corporation Act, such that a vacancy may be filled by either (A) the shareholders, or (B) the board of directors; and (iv) make additional clean-up changes.