Archer Aviation amends bylaws for universal proxy rules and DGCL updates

Archer Aviation Inc.

Board approved revised bylaws effective Feb 2, 2023 to conform to new SEC universal proxy rules and recent DGCL amendments.
Adds requirement for nominating stockholders to certify compliance with Rule 14a-19 and provide evidence of proxy solicitation plans.
Updates advance notice provisions requiring additional disclosures and interviews by Board for proposed nominees.
Mandates that proxy cards solicited by stockholders use a non-white color to differentiate from management's.
Includes emergency bylaw provision for board quorum during crises and ministerial updates to align with DGCL language.

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

Archer Aviation Inc.: Amended and restated bylaws to conform to DGCL amendments, universal proxy rules, and other changes (effective 2023-02-02).

Change: bylaw amendment
Effective: 2023-02-02

Exact text from the filing

On February 2, 2023, in connection with the effectiveness of new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “ DGCL ”), and a periodic review of the bylaws of Archer Aviation Inc. (the “ Company ”), the Company’s board of directors (the “ Board ”) approved and adopted the Company’s amended and restated bylaws (the “ Amended and Restated Bylaws ”), which became immediately effective.

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Archer Aviation Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-011724

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