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
BCB BANCORP INC: Amended and restated bylaws to update advance notice provisions, meeting conduct rules, director qualifications, board classification, chairman duties, officer duties, director removal, and miscellaneous changes (effective 2023-02-15).
- Change
- bylaw amendment
- Effective
- 2023-02-15
Exact text from the filing
On and effective as of February 15, 2023, the Board of Directors (the “ Board ”) of BCB Bancorp, Inc. (the “Company”) amended and restated its bylaws to, among other things, (i) provide for 90 days’ advance notice by shareholders to the Company of any shareholder nominees for director or other shareholder proposals, and the content and other requirements for such notices (Section 2.11); (ii) provide for certain rules of conduct for shareholder meetings (Section 2.12); (iii) set forth certain qualifications for election as a director of the Company (Section 3.1); (iv) clarifying that the Board is classified as set forth in the Company’s certificate of incorporation (Section 3.2); (v) update and relocate the provisions regarding the powers and duties of the Chairman of the Board (Sections 3.15 and 4.5); (vi) add certain powers and duties of the chief executive officer, chief financial officer and chief operating officer positions currently in use by the Company (throughout Section 4); (v
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