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
EXTREME NETWORKS INC: Amended and Restated Bylaws to remove language allowing the Chair of the Board to be an officer of the Company, in connection with updated Corporate Governance Guidelines requiring separation of Chair and CEO (effective 2023-06-06).
- Change
- bylaw amendment
- Effective
- 2023-06-06
Exact text from the filing
On June 6, 2023, the Board of Directors (the “Board”) of Extreme Networks, Inc. (the “Company”), updated its Corporate Governance Guidelines (the “Amended Guidelines”) to require that the offices of the Company’s Chair of the Board and Chief Executive Officer be separate, subject to an exception allowing the Board to appoint the Chief Executive Officer as a Temporary Chair of the Board on an interim basis to serve during any period in which the Board is seeking an independent Chair of the Board. In connection with the adoption of the Amended Guidelines, on June 6, 2023, the Board also adopted Amended and Restated Bylaws of the Company to remove language indicating that the position of Chair of the Board may be held by an officer of the Company.
View on SEC.gov