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
ROYCE MICRO-CAP TRUST, INC.: Adopted amended and restated bylaws with updates for remote meetings, meeting conduct, adjournment, proxies, board meeting notice, exclusive forum, and other changes (effective 2024-04-19).
- Change
- bylaw amendment
- Effective
- 2024-04-19
Exact text from the filing
On April 15, 2024, the Board of Directors (the “Board”) of Royce Micro-Cap Trust, Inc., a registered closed-end management investment company (the “Fund”), adopted amended and restated bylaws of the Fund (the “Amended and Restated Bylaws”), effective as of April 19, 2024. Among other things, the amendments effected by the Amended and Restated Bylaws: ● Expressly provide for stockholder meetings by remote communication; ● Clarify that the Board or the President designates the chairman of all stockholder meetings and the Board and the chairman of the meeting have the power to regulate conduct at the stockholder meeting; ● Clarify stockholder meeting adjournment procedures; ● Clarify procedures relating to the use of proxies; ● Provide that special meetings of the Board may be called on less than 24 hours’ notice as the person or persons calling such meeting may deem necessary or appropriate in the circumstances; ● Clarify that the Circuit Court for Baltimore City, Maryland, or, if that C
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