Hallmark Financial Services Inc
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 01/12/2022   Download
SEC Document
SEC Filing

Effective January 9, 2022, the Board of Directors of the Company also adopted Amended and Restated Bylaws of the Company. The primary effect of the bylaw amendments is to separate the roles of Chief Executive Officer and President of the Company by deleting the prior Article V, Section 4, adding new Sections 4 and 5 of Article V, and renumbering the remaining Sections of Article V. The Amended and Restated Bylaws also (a) update the location of the principal office of the Company (Article I, Section 1), (b) clarify that cumulative voting for directors is not permitted (Article II, Section 8), (c) clarify that meetings of directors and shareholders may be attended via videoconference (Article II, Section 9 and Article III, Section 14), (d) update various consent and notice provisions (Article II, Sections 11-13, Article III, Section 9 and Article IV, Section 1), and (e) make immaterial corrections or clarifications to various other provisions.