Air T amends bylaws: lowers special meeting threshold to 25%, adds foreign ownership limit

AIR T INC

Board approved Second Amended and Restated Bylaws on March 21, 2024, effective immediately.
Shareholder special meeting threshold lowered from majority to 25% of outstanding voting power.
Advance notice procedures for shareholder nominations and proposals were revised.
Added foreign ownership limitation provision to comply with Department of Transportation regulations.
Other ministerial and clarifying changes were made to the bylaws.

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

AIR T INC: Amended advanced notice procedures, special meeting vote threshold, and added foreign ownership limitation (effective 2024-03-21).

Change: bylaw amendment
Effective: 2024-03-21

Exact text from the filing

On March 21, 2024, the Board of Directors of Air T, Inc. (the “Company”) approved the Second Amended and Restated Bylaws.

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AIR T INC filing history →

Source: SEC EDGAR

accession 0000353184-24-000039

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