other material
confidence high
sentiment neutral
materiality 0.30
Functional Brands reduces stockholder meeting quorum to 33.4% from majority
Functional Brands Inc.
- Board approved Bylaw amendment on Feb 1, 2026, reducing quorum to 33.4% of outstanding voting stock.
- Prior quorum requirement was a majority of outstanding capital stock entitled to vote.
- Change intended to improve the Company's ability to hold stockholder meetings when called.
- Amendment effective immediately; full text filed as Exhibit 3.1 to the 8-K.