Alpha Pro Tech adopts amended bylaws with new governance provisions

ALPHA PRO TECH LTD

Added advance notice requirement for stockholder nominations and proposals, with 90-120 day window before annual meeting anniversary.
Designated Delaware Chancery Court as exclusive forum for fiduciary duty and DGCL claims, and federal courts for Securities Act claims.
Explicitly authorized stockholder meetings by remote communication under Delaware law.
Updated quorum to majority of directors then in office, and clarified electronic proxy delivery safe harbor.
Revised officer terms to indefinite until successor elected, and added electronic storage requirements for books and records.

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

ALPHA PRO TECH LTD: Adopted amended and restated bylaws with various updates including remote meetings, adjournments, notice, stockholder list, organization, voting, record date, advance notice for nominations, board composition, quorum, chair, committees, officers, conflict with law, books and records, exclusive forum (effective 2022-12-13).

Change: bylaw amendment
Effective: 2022-12-13

Exact text from the filing

On December 13, 2022, the Board of Directors (the “Board”) of Alpha Pro Tech, Ltd. (the “Company”) adopted the Amended and Restated Bylaws of the Company (as amended and restated, the “Bylaws”), effective on such date.

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ALPHA PRO TECH LTD filing history →

Source: SEC EDGAR

accession 0001437749-22-029334

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