Corporate GovernanceJul 29, 2026, 04:23 PM

AXT Amends Bylaws to Reduce Shareholder Meeting Quorum

AI Summary

AXT, Inc. announced that its Board of Directors approved an amendment to the company's Second Amended and Restated Bylaws. This amendment, effective immediately, reduces the quorum required for shareholder meetings from a majority to thirty-three and one-third percent of all shares entitled to vote. The change aims to facilitate shareholder participation in meetings.

Key Highlights

AXT's Board of Directors approved an amendment to the Second Amended and Restated Bylaws.
The amendment reduces the quorum required for shareholder meetings.
The quorum requirement changed from a majority to thirty-three and one-third percent of all shares entitled to vote.
The amendment is effective immediately as of July 26, 2026.
The amendment was filed as Exhibit 3.1 to the Current Report on Form 8-K.

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AXTI

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