AeroVironment Inc: Amended bylaws to allow director removal with or without cause upon majority vote after board declassification (effective 2024-10-01).
Change
bylaw amendment
Effective
2024-10-01
Exact text from the filing
The substantive amendments to the bylaws provide that, following declassification of the Board of Directors, stockholders may remove a director with or without cause upon the affirmative vote of not less than a majority of the total voting power of all outstanding securities of the Company then entitled to vote, in addition to any other vote required by law.
AeroVironment Inc: Amended certificate to declassify board for annual director elections and eliminate officer liability for monetary damages (effective 2024-10-01).
Change
charter amendment
Effective
2024-10-01
Exact text from the filing
the stockholders of the Company approved amendments to the Company’s Amended and Restated Certificate of Incorporation (the “Restated Certificate”) to (1) provide for the phased-in declassification of the Board of Directors and the annual election of directors and (2) eliminate the personal liability of officers for monetary damages for breach of fiduciary duties as an officer.
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