other
confidence high
sentiment neutral
materiality 0.30
First Solar amends bylaws to adopt exclusive forum provisions and clarify officer appointment power
FIRST SOLAR, INC.
- Board designated Delaware Court of Chancery as exclusive forum for internal corporate claims.
- Federal district courts designated as exclusive forum for Securities Act claims, unless company consents otherwise.
- Bylaws clarify board's power to appoint officers with titles in addition to those listed.
- Severability provision added to preserve enforceability if any provision is invalid.
- Amendments effective July 22, 2021; full text filed as Exhibit 3.1.