Extract: Bylaws Amended/Restated (Plain English Desc) from a 10-Q on 11/07/2024
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SEC Filing
DownloadOur board of directors approved the Company’s Third Amended and Restated Bylaws (the “Third Amended and Restated Bylaws”), effective November 7, 2024. The Third Amended and Restated Bylaws incorporate certain amendments to, among other things: (i) permit only our board of directors to call a special meeting of stockholders; (ii) revise the time period during which notices of director nominations or proposals of other business for an annual meeting of stockholders shall be delivered, such that any such notice must be received by the Company not later than the close of business on the 90th day nor earlier than the close of business on the 120th day prior to the first anniversary of the preceding year’s annual meeting; (iii) enhance the disclosure requirements for director nominations or proposals of other business such that additional information is now required to be included in the stockholder’s notice (these include, but are not limited to, (a) requiring certain representations, (b) requiring additional disclosures (as to certain material interests or relationships, voting arrangements, agreement, arrangement or understanding and derivative instruments), (c) expanding the disclosure requirements to include any beneficial owners, affiliates or others acting in concert and (d) updating the procedural requirements); and (iv) remove the limitation on expanding the number of directors to above eight (8) directors without the unanimous consent of our board of directors.