other
confidence high
sentiment neutral
materiality 0.10
ePlus amends bylaws to remove dollar thresholds for board pre-approval of acquisitions, investments, and credit exposure
EPLUS INC
- Removed bylaw provision requiring board pre-approval for acquisitions ≥$5M, investments ≥$10M, and credit exposure ≥$30M.
- Board determined authorization limits are more appropriately addressed through corporate resolutions.
- Amendment effective September 1, 2021.