Athenex amends bylaws to reduce stockholder quorum to one-third

Athenex, Inc.

Board reduced quorum from majority to one-third of votes entitled to be cast at meetings.
Same one-third quorum applies when separate class or series vote is required.
Amendment effective immediately as of March 30, 2023.

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

Athenex, Inc.: Reduced stockholder meeting quorum requirement from majority to one third of votes entitled to be cast (effective 2023-03-30).

Change: bylaw amendment
Effective: 2023-03-30

Exact text from the filing

the Amendment, which became effective immediately, reduces the quorum requirement at meetings of the Company’s stockholders from a majority of the votes entitled to be cast at the meeting to one third of the votes entitled to be cast at the meeting. Similarly, when a separate vote by a class or series is required, one-third of the voting power of the class or series will constitute a quorum.

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Source: SEC EDGAR

accession 0001193125-23-088067

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