other
confidence high
sentiment neutral
materiality 0.25
Cherry Hill Mortgage to propose charter amendment giving stockholders power to amend bylaws
Cherry Hill Mortgage Investment Corp
- Board adopted amended bylaws to allow stockholders to amend, repeal, or adopt new bylaws without board approval.
- Company will propose Charter Amendment at 2024 annual meeting to remove board's exclusive bylaw power from charter.
- Charter Amendment, if approved, would align charter with new bylaws; currently board holds exclusive power to amend bylaws.