Ascent Solar reduces stockholder meeting quorum to one-third voting power

Ascent Solar Technologies, Inc.

Board of Directors adopted bylaws amendment on March 7, 2025, lowering quorum from majority to one-third of voting power.
Change addresses past difficulties reaching quorum due to dispersed stockholder base and broker non-votes.
Amendment clarifies vote standard to be majority of voting power present, reflecting Series 1C Preferred Stock's as-converted voting rights.
Exhibit 3.1 contains the full Fourth Amendment to Second Amended and Restated Bylaws.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 1.0

Ascent Solar Technologies, Inc.: Ascent Solar Technologies adopted a bylaw amendment reducing the quorum requirement for stockholder meetings from a majority to one-third of voting power, and clarifying that the required vote for stockholder approval is based on the voting power of shares present (effective 2025-03-07).

Change: bylaw amendment
Effective: 2025-03-07

Exact text from the filing

On March 7, 2025, the Board of Directors of Ascent Solar Technologies, Inc. (the “Company”) adopted an amendment (the “Amendment”) to the Company’s bylaws. The Amendment makes the following two changes to the bylaws. First, the Amendment reduces the quorum required for the transaction of business at stockholder meetings from (i) the holders of a majority of the stock issued and outstanding and entitled to vote, to (ii) the holders of one-third of the voting power of the outstanding shares of stock entitled to vote.

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Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-25-000392

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