Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
The Board also effected the following clarifications and modifications to the Corporation's bylaws:
· Professional investors (such as hedge funds) are not impacted by the "Related
Person" concept defined in the bylaws, which-consistent with the intent and express language of the bylaws-was designed to elicit relevant disclosures from nominating stockholders who are not investment professionals.
· The agreements, arrangements and understandings relating to a director
nomination with respect to which "Covered Persons" (as defined in the bylaws) are required to provide disclosures include any agreement, arrangement or understanding with respect to the funding of a proxy solicitation or campaign.
· A nominating stockholder need only provide information about prior director
nominations at other public companies to the extent any such nomination was formally submitted for consideration at a meeting of stockholders (i.e., consistent with the original intent of the bylaw, no information is required with respect to investment ideas or proposals that were not formally noticed for a stockholder vote under any applicable advance notice bylaws).
· With respect to plans or proposals to make director nominations at other public
companies, a nominating stockholder must state whether or not it has such plans or proposals at the time of delivery of a notice of nomination, and, if so, make a written representation whether or not any such other public company is a known competitor of the Corporation or a counterparty to material litigation (as identified in filings of the Corporation with theU.S. Securities and Exchange Commission ).
· Information about family members of a nominating stockholder or director
nominee who do not share a household need only be provided to the extent such nominating stockholder or director nominee has knowledge thereof.
· Any nominating stockholder that is a
must identify (1) any investor that holds a 5% or larger economic interest in theHolding Fund and (2) any investor in any "sidecar vehicle" or other special purpose entity formed principally to invest in securities of the Corporation. Information about such investors' interest in the Corporation, competitors, and litigation counterparties need only be provided to the extent known by the nominating stockholder or its director nominee.
The foregoing description is a summary and is qualified in its entirety by reference to the full text of the amended and restated Amended and Restated Bylaws, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein. For reference, a redlined copy of the Amended and Restated Bylaws highlighting the clarifications and modifications reflected therein is attached as Exhibit 3.2 hereto and is incorporated by reference herein.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 3.1 Fourth Amended and Restated Bylaws adopted onDecember 1, 2022 . 3.2 Fourth Amended and Restated Bylaws adopted onDecember 1, 2022 (Redlined Copy). 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 2
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