Kulicke & Soffa amends bylaws to adopt universal proxy rules, virtual meetings, and exclusive forum

KULICKE & SOFFA INDUSTRIES INC

Board approved amended bylaws effective Oct 12, 2023; includes virtual meeting authority and universal proxy rule compliance.
Requires shareholder nominees to represent intent to solicit proxies for at least 67% voting power, comply with Universal Proxy Rules, use non-white cards.
Designates Pennsylvania Court of Common Pleas as exclusive forum for internal corporate claims and federal district courts for Securities Act claims.
No retroactive elimination of director indemnification rights upon bylaw amendment.
Other ministerial updates and proxy access clarification.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KULICKE & SOFFA INDUSTRIES INC: Amended and restated bylaws effective October 12, 2023, including updates for virtual meetings, universal proxy rules, exclusive forum provisions, and other clarifying changes (effective 2023-10-12).

Change: bylaw amendment
Effective: 2023-10-12

Exact text from the filing

On October 12, 2023, the Board of Directors (the “Board”) of Kulicke and Soffa Industries, Inc. (the “Company”) approved and adopted the amendment and restatement of the Company’s by-laws (as so amended and restated, the “Amended and Restated By-Laws”), which became effective as of such date.

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Source: SEC EDGAR

accession 0000056978-23-000145

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