Parke Bancorp, Inc.
Extract: Bylaws Amendment (Plain English Desc) from a 8-K on 09/20/2023   Download
SEC Document
SEC Filing
On September 19, 2023, the Board of Directors of the Corporation adopted an amendment to Article II of Corporation's Bylaws. Article II was amended to add a revised Section 16 which provides, among other things, shareholders meetings may be held remotely, without the necessity of a physical location for the meeting or a state of emergency having been declared. This amendment to the Bylaws will allow shareholders to participate in meetings of shareholders by remote communication so long as the Board has implemented reasonable measures to (a) verify that each person participating remotely is a shareholder; and (b) provide each shareholder participating remotely with a reasonable opportunity to participate in the meeting, including an opportunity to vote on matters submitted to the shareholders, and to read or hear the proceedings of the meeting substantially concurrently with those proceedings.