secwatch / observer
8-K filed June 21, 2023, 7:59 PM ET ticker NXST CIK 0001142417
other material confidence high sentiment neutral materiality 0.50

Nexstar declassifies board, adopts exclusive forum and officer exculpation in charter amendment

NEXSTAR MEDIA GROUP, INC.

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

NEXSTAR MEDIA GROUP, INC.: Amended certificate of incorporation to declassify board, provide exclusive federal forum for Securities Act claims, exculpate officers, and eliminate obsolete provisions (effective 2023-06-20).

Change
charter amendment
Effective
2023-06-20
Exact text from the filing
As previously announced, at the 2023 Annual Meeting of Stockholders of Nexstar Media Group, Inc. (the “Company”) on June 15, 2023, the Company’s stockholders approved certain amendments to the Company’s Amended and Restated Certificate of Incorporation to (i) declassify the Company’s Board of Directors, (ii) provide the federal district courts as the sole and exclusive forum for the resolution of any Securities Act complaint unless the Company consents in writing to the selection of an alternative forum, (iii) provide exculpation of certain Company officers from liability in specific circumstances, and (iv) eliminate certain provisions that are no longer effective or applicable (the “Amendments”). On June 20, 2023, the Company filed the Certificate of Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to reflect the above Amendments, which became effective immediately upon filing.
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Source: SEC EDGAR
accession 0000950170-23-029049
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