AtlasClear CFO resigns, quorum threshold lowered to 33.3%

AtlasClear Holdings, Inc.

CFO Richard Barber resigned effective December 19, 2024; will assist transition.
Company has begun a search for a successor CFO.
Bylaws amended to reduce stockholder meeting quorum from majority to 33.3% voting power.
Amendment aims to reduce risk of meeting adjournments and proxy solicitation costs.

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

AtlasClear Holdings, Inc.: Reduced quorum for stockholder meetings from majority of voting power to 33.3% of voting power (effective 2024-12-19).

Change: bylaw amendment
Effective: 2024-12-19

Exact text from the filing

the Company’s Board of Directors (the “Board”) approved the amendment of the Company’s Amended and Restated Bylaws, effective as of that date (the “Bylaws Amendment”), to reduce the quorum required for the transaction of business at stockholder meetings from the holders of a majority of the voting power of the Company’s outstanding shares of stock to the holders of 33.3% of the voting power of the Company’s outstanding shares of stock.

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AtlasClear Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-132189

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