Orion Group Holdings amends bylaws to revise voting standards, abstention treatment, and indemnification provisions

Orion Group Holdings Inc

Voting standard changed: majority of votes present for non-director matters, plurality for director elections.
Abstentions count as votes against on majority proposals; broker non-votes have no effect on director elections.
Indemnification and expense advancement rights vest at time of service and survive after cessation, protected from future repeal.
Obligation of Board to present business statement at stockholder meetings removed.
Stockholders may amend bylaws as provided in certificate of incorporation; ministerial and clarifying changes also made.

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

Orion Group Holdings Inc: Amended and restated bylaws effective March 20, 2025, with changes to voting standards, quorum and broker non-vote treatment, indemnification vesting, removal of board obligation to present annual statement, and amendment provision alignment with certificate of incorporation (effective 2025-03-20).

Change: bylaw amendment
Effective: 2025-03-20

Exact text from the filing

Effective March 20, 2025, the Board of Directors (the “Board”) of Orion Group Holdings, Inc. (the “Company”) amended and restated the Company’s Amended and Restated Bylaws (as amended and restated, the “Bylaws”).

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Source: SEC EDGAR

accession 0001402829-25-000008

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