Usio amends bylaws to add advance notice provisions and adopts clawback policy

Usio, Inc.

Bylaws amended to require stockholder proposals and director nominations be submitted 90–120 days before annual meeting.
Amendments implement SEC universal proxy rules; permit remote stockholder meetings and electronic director consents.
Board unanimously approved a clawback policy for recovery of erroneously awarded incentive compensation, effective immediately.
ESPP participation period set to first and last trading day of each quarter; program expected to launch Q1 2024.

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

Usio, Inc.: Amended and restated bylaws establish advance notice procedures for stockholder proposals and director nominations, implement universal proxy rules, and make administrative updates including remote meeting and electronic consent provisions (effective 2023-11-29).

Change: bylaw amendment
Effective: 2023-11-29

Exact text from the filing

On November 29, 2023, the Board of Directors of Usio, Inc. (the “Company”) amended and restated the Company’s Amended and Restated Bylaws (“Bylaws”).

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Usio, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-033410

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