Corporate GovernanceJun 29, 2026, 04:46 PM
Envirotech Vehicles Amends Bylaws to Lower Quorum Requirement
AI Summary
Envirotech Vehicles, Inc. announced an amendment to its Amended and Restated Bylaws, effective June 27, 2026. The amendment changes the quorum requirement for stockholder meetings from a majority to one-third (1/3) of the shares of capital stock entitled to vote. This change also applies to separate class or series votes, requiring one-third (1/3) of the shares of such class or series for a quorum.
Key Highlights
- Board of Directors approved an amendment to the Amended and Restated Bylaws.
- Amendment became effective immediately on June 27, 2026.
- Section 1.6 of Article I of the Bylaws was amended.
- Quorum for stockholder meetings changed to one-third (1/3) of shares entitled to vote.
- Separate class or series vote quorum also set at one-third (1/3) of shares entitled to vote.
Price Impact
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