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Computer Software: Programming, Data Processing
Corporate GovernanceJun 11, 2026, 09:02 AM

Professional Diversity Network Amends Bylaws on Quorum & Voting

AI Summary

Professional Diversity Network, Inc. adopted amendments to its Second Amended and Restated Bylaws, effective June 10, 2026. These changes revise provisions related to stockholder meetings and voting standards. The quorum requirement for stockholder meetings was reduced from a majority to one-third of the aggregate voting power. Additionally, the voting standard for matters other than director elections was changed to require the affirmative vote of a majority of the votes cast by shares present, rather than a majority of the voting power of shares present.

Key Highlights

  • Professional Diversity Network amended its Second Amended and Restated Bylaws, effective June 10, 2026.
  • The quorum requirement for stockholder meetings was reduced from a majority to one-third (1/3) of aggregate voting power.
  • The voting standard for matters other than director elections changed to a majority of votes cast by shares present.
  • Previously, the voting standard for non-director elections required a majority of the voting power of shares present.