Corporate GovernanceMay 26, 2026, 04:13 PM
Motorsport Games Amends Charter, Bylaws; Eliminates Written Stockholder Consent
AI Summary
Motorsport Games Inc. announced that amendments to its Certificate of Incorporation and Bylaws became effective on May 24, 2026. These amendments, previously approved by stockholders, modify the company's governance structure. Key changes include reserving the right to amend the Certificate of Incorporation and allowing the Board or a simple majority of voting shares to alter the Bylaws. Significantly, the amendments eliminate the ability for stockholders to take action by written consent, requiring all actions to be effected at duly called annual or special meetings.
Key Highlights
- Motorsport Games filed a Certificate of Amendment to its Certificate of Incorporation, effective May 24, 2026.
- The Bylaws Amendment No. 2 to the Company's Bylaws also became effective on May 24, 2026.
- The Charter Amendment allows the Board or a simple majority of voting shares to alter, amend, or repeal Bylaws.
- Both amendments require stockholder actions to be taken at duly called annual or special meetings.
- The amendments eliminate the ability for stockholders to act by written consent.
- The changes were previously approved by stockholders on April 22, 2025.
Price Impact
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