AYRO amends bylaws to change stockholder vote standard to majority of votes cast

Fabric.AI, Inc.

Board approved third amendment to bylaws on Oct 8, 2023, effective Oct 10, 2023.
Vote requirement changed from majority of voting power of shares present to majority of votes cast (excluding abstentions and broker non-votes) for non-director matters.
Corresponding change applied to class votes; director elections remain plurality vote.
No other changes to the bylaws were made.

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

Fabric.AI, Inc.: Adopted Third Amendment to Bylaws to change stockholder vote standard from majority of voting power present to majority of votes cast (excluding abstentions and broker non-votes) for matters other than director elections, with corresponding change for class votes (effective 2023-10-10).

Change: bylaw amendment
Effective: 2023-10-10

Exact text from the filing

On October 8, 2023, the board of directors of AYRO, Inc. (the “Company”) approved the third amendment (the “Third Amendment”) to the amended and restated bylaws of the Company, as amended (the “Bylaws”), effective as of October 10, 2023.

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Source: SEC EDGAR

accession 0001493152-23-037046

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