Scholastic amends bylaws to align director removal provision with Delaware law

SCHOLASTIC CORP

Board approved amendment to Article III, Section 6 of Bylaws on May 15, 2024.
For-cause removal now requires majority vote of all classes voting together as single class.
Without-cause removal remains by majority vote of the class that elected the director.
Amendment conforms to Section 141(k) of Delaware General Corporation Law.

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

SCHOLASTIC CORP: Amended Article III, Section 6 of the By-laws to conform director removal provisions with Delaware law, requiring a majority vote of all shares voting together as a single class to remove a director for cause (effective 2024-05-15).

Change: bylaw amendment
Effective: 2024-05-15

Exact text from the filing

On May 15, 2024, the Board of Directors of Scholastic Corporation (the "Company") approved the amendment of Article III, Section 6 of the By-laws of the Company (the "By-law Amendment").

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Source: SEC EDGAR

accession 0000950170-24-060391

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