Kayne Anderson NextGen Energy removes Maryland Control Share Acquisition Act from bylaws

Kayne Anderson NextGen Energy & Infrastructure, Inc.

Board amended Second Amended and Restated Bylaws on March 24, 2023, removing Article XV.
Article XV had subjected the company to the Maryland Control Share Acquisition Act, limiting voting rights of acquirers above a certain ownership threshold.
Removal eliminates the anti-takeover provision from the bylaws.

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

Kayne Anderson NextGen Energy & Infrastructure, Inc.: Amended the Second Amended and Restated Bylaws to remove Article XV, which had made the Company subject to the Maryland Control Share Acquisition Act (effective 2023-03-24).

Change: bylaw amendment
Effective: 2023-03-24

Exact text from the filing

On March 24, 2023, the Board of Directors of Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Company”) amended the Second Amended and Restated Bylaws of the Company to remove Article XV.

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Source: SEC EDGAR

accession 0001213900-23-023639

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