other_material
confidence high
sentiment negative
materiality 0.40
Broadway Financial corrects 8-K: charter amendment proposal fails at annual meeting
BROADWAY FINANCIAL CORP \DE\
- Amendment to 8-K filed July 2 corrects error: charter amendment proposal was not approved.
- Proposal to remove director removal cause provision from Certificate of Incorporation failed to receive majority support.
- No Certificate of Amendment will be filed with Delaware Secretary of State.
- Original vote counts were correctly disclosed but outcome was misstated as approved.
item 5.07