ThredUp amends bylaws for universal proxy rules and DGCL updates

ThredUp Inc.

Revised adjournment procedures and stockholder list availability to conform to recent DGCL amendments.
Clarified Board and chairperson authority to establish meeting rules of conduct.
Enhanced advance notice requirements for director nominations, including detailed nominee background and ownership info.
Limited number of stockholder nominees to number of directors to be elected at annual meeting.
Added compliance requirement with SEC Universal Proxy Rules (Rule 14a-19) for proxy solicitations.

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

ThredUp Inc.: Amended and restated bylaws to conform to recent DGCL amendments, update advance notice provisions, and address Universal Proxy Rules (effective 2023-02-16).

Change: bylaw amendment
Effective: 2023-02-16

Exact text from the filing

On February 16, 2023, in connection with the effectiveness of new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “DGCL”), and a periodic review of the bylaws of ThredUp Inc. (the “Company”), the Company’s board of directors (the “Board”) approved and adopted the Company’s amended and restated bylaws (the “Amended and Restated Bylaws”), effective immediately

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ThredUp Inc. filing history →

Source: SEC EDGAR

accession 0001484778-23-000037

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