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8-K filed March 9, 2023, 6:59 PM ET ticker CECO CIK 0000003197
other material confidence high sentiment neutral materiality 0.30

CECO boosts severance to 1-year salary plus bonus; amends bylaws for universal proxy

CECO ENVIRONMENTAL 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

CECO ENVIRONMENTAL CORP: Amended and restated bylaws to align with universal proxy rules, update director nomination procedures, allow remote stockholder meetings, and eliminate stockholder list examination requirement (effective 2023-03-03).

Change
bylaw amendment
Effective
2023-03-03
Exact text from the filing
On March 3, 2023, the Company’s Board of Directors approved an amendment and restatement of the Company’s Amended and Restated By-laws (as amended and restated, the “By-laws”) to (i) align the By-laws with the Securities and Exchange Commission’s new requirements regarding universal proxies pursuant to Rule 14a-19 promulgated under the Securities Exchange Act of 1934, as amended (Article II, Sections 16 and 17); (ii) update the information requirements, processes and procedures regarding the nomination of directors and the proposal of other business for consideration at meetings of the Company’s stockholders (Article II, Sections 16 and 17); (iii) provide for meetings of the Company’s stockholders by means of remote communication (Article II, Sections 3 and 5, and Article III, Sections 3 and 4); (iv) eliminate the requirement that the list of stockholders be open to examination at meetings of the Company’s stockholders, consistent with a recent amendment to the Delaware General Corpora
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Source: SEC EDGAR
accession 0000950170-23-006934
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