secwatch / observer
8-K filed August 21, 2023, 7:59 PM ET CIK 0001564824
other confidence high sentiment neutral materiality 0.25

Allakos amends bylaws to enhance shareholder nomination procedures and adopt universal proxy rules

Allakos 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

Allakos Inc.: Amended and restated bylaws to enhance procedural mechanics for stockholder nominations, update universal proxy rules, and conform to Delaware law amendments (effective 2023-08-17).

Change
bylaw amendment
Effective
2023-08-17
Exact text from the filing
On August 17, 2023, the Board of Directors (the “Board”) of Allakos Inc. (“Allakos”) approved Allakos’ Amended and Restated Bylaws (the “Amended and Restated Bylaws”). The Amended and Restated Bylaws were amended and restated to, among other things: • enhance procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of proposals regarding other business at Allakos’ annual meeting of stockholders (except for proposals properly made in accordance with Rule 14a-8 under the Securities Exchange Act of 1934), including by requiring additional background information and disclosures regarding proposing stockholders, proposed nominees and business, and other persons related to a stockholder’s solicitation of proxies; • change certain provisions relating to stockholder nominees for election as a director to address the universal proxy rules adopted by the Securities and Exchange Commission; • revise certain additional procedures rela
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Source: SEC EDGAR
accession 0000950170-23-043680
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