SOBR Safe amends bylaws to reduce stockholder meeting quorum from majority to one-third

SOBR Safe, Inc.

Board amended Section 3.5 of Bylaws effective April 6, 2023.
Quorum reduced from a majority to one-third of outstanding shares entitled to vote.
Change may facilitate passing resolutions with lower shareholder turnout.

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 0.95

SOBR Safe, Inc.: On April 6, 2023, the Board of Directors amended the Bylaws to reduce the stockholder quorum requirement from a majority to one-third of outstanding shares entitled to vote (effective 2023-04-06).

Change: bylaw amendment
Effective: 2023-04-06

Exact text from the filing

On April 6, 2023, the Board of Directors of SOBR Safe, Inc. (the “ Company ”) amended the Amended and Restated Bylaws of SOBR Safe, Inc. dated October 25, 2019 (the “ Bylaws ”). The amendment, effective April 6, 2023 (the “ Bylaw Amendment ”) amends Section 3.5 of the Bylaws to reduce the quorum required for the transaction of business at a meeting of the stockholders from a majority of the outstanding shares of stock entitled to vote to one-third of the outstanding shares of stock entitled to vote.

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Source: SEC EDGAR

accession 0001477932-23-002417

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