Uwharrie Capital Corp amends Bylaws to clarify compensation authority for Section 16 officers

UWHARRIE CAPITAL CORP

Amended Article V, Section 13 to specify Human Resources & Compensation Committee recommendations apply only to Section 16 officers.
Amended Article VI, Section 3 to allow Board to set compensation for Section 16 officers; non-Section 16 officers' pay fixed by appointed officers.
Changes effective April 16, 2024; full amended Bylaws filed as Exhibit 3.1.

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

UWHARRIE CAPITAL CORP: Amended Bylaws to clarify officer compensation authority: Article V, Section 13 now defines 'officers' as Section 16 officers; Article VI, Section 3 now distinguishes compensation setting for Section 16 officers vs. other officers (effective 2024-04-16).

Change: bylaw amendment
Effective: 2024-04-16

Exact text from the filing

Effective April 16, 2024, the Board of Directors (the “Board”) of Uwharrie Capital Corp (the “Company”) amended the Company’s Bylaws. A description of the amendments follows.

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Source: SEC EDGAR

accession 0000950170-24-045747

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