other material
confidence high
sentiment neutral
materiality 0.55
MDWerks amends charter, increases authorized common shares to 300M, adopts staggered board
MDWerks, Inc.
- Authorized common stock increased from 100M to 300M shares, par value $0.001 per share.
- Board classified into three-year staggered terms; directors can be removed only by 2/3 supermajority vote.
- Cumulative voting eliminated; stockholders may act by written consent with minimum voting power.
- Exclusive forum for derivative and fiduciary claims designated as Delaware state or federal court.
- Certificate of Elimination filed for Series B Convertible Preferred Stock, no shares outstanding.