TLSS amends bylaws to adopt staggered board and electronic signature provisions

Transportation & Logistics Systems, Inc.

Board amended bylaws on Dec 21, 2022, effective immediately.
Directors will serve staggered 3-year terms; 1/3 of board elected each year.
Written consents by directors may be executed in counterparts and via electronic media.
Amendments adopted at a special board meeting; Exhibit 3.1 filed.

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

Transportation & Logistics Systems, Inc.: Adopted amendments to bylaws to provide for staggered election of the Board of Directors with three-year terms and annual election of one-third of directors, and to allow written consents of directors to be executed in counterparts and by electronic media (effective 2022-12-21).

Change: bylaw amendment
Effective: 2022-12-21

Exact text from the filing

The amendments to the bylaws provide for: a) the staggered election of the Board of Directors, such that Directors shall serve terms of 3 years, and each year, 1/3 of the Directors shall stand for election; and b) written consents of the Directors to actions by the Board of Directors or any committee may be executed in counterparts and may be signed and delivered by any electronic media.

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Source: SEC EDGAR

accession 0001493152-22-036654

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