secwatch / observer
8-K filed February 23, 2023, 6:59 PM ET ticker BSBK CIK 0001787414
other confidence high sentiment neutral materiality 0.10

Bogota Financial amends director age qualification in Bylaws

Bogota Financial Corp.

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

Bogota Financial Corp.: Amended Bylaws to revise the age qualification for directors: changed from prohibition on appointment/election after age 75 to prohibition on service after attaining age 75 (effective 2023-02-22).

Change
bylaw amendment
Effective
2023-02-22
Exact text from the filing
On February 22, 2023, the Board of Directors of Bogota Financial Corp. (the “Company”) amended the Company’s Bylaws to revise the age qualification for directors. The age qualification had generally provided that no person could be appointed or elected as a director after the person had turned 75 years old. The revised age qualification, which is found under Section 13 of Article II of the Amended and Restated Bylaws, generally provides that no person may serve as a director following the annual meeting of the stockholders of the Company after his attaining the age of 75.
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Bogota Financial Corp. filing history →

Source: SEC EDGAR
accession 0000943374-23-000137
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