other material
confidence high
sentiment neutral
materiality 0.10
ADMA Biologics amends bylaws to reduce director removal threshold to majority vote and add exclusive forum provisions
ADMA BIOLOGICS, INC.
- Reduced director removal with cause threshold from 66 2/3% to a majority of voting holders.
- Added exclusive forum provision requiring internal corporate suits be brought in Delaware courts.
- Added federal forum selection clause for Securities Act claims unless company consents otherwise.