Sprout Social amends bylaws to adopt universal proxy rules and update for Delaware law changes

Sprout Social, Inc.

Board approved and adopted Amended and Restated Bylaws on October 26, 2022, effective same date.
Updates align with SEC universal proxy Rule 14a-19 and recent Delaware General Corporation Law amendments.
Amended provisions include stockholder list availability, meeting adjournment, and nomination procedural requirements.
Stockholders submitting nominations must now represent intention to solicit proxies per Rule 14a-19.
Non-compliant nominations under Rule 14a-19 will be disregarded; nominees must submit background questionnaire.

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

Sprout Social, Inc.: Amended and restated bylaws to align with universal proxy rules, DGCL amendments, and administrative updates (effective 2022-10-26).

Change: bylaw amendment
Effective: 2022-10-26

Exact text from the filing

On October 26, 2022, in connection with the recently adopted Securities and Exchange Commission rules regarding universal proxy, certain recent changes to the Delaware General Corporation law (the "DGCL") and a periodic review of the Company's bylaws, the Board of Directors (the "Board”) of Sprout Social, Inc. (the “Company”) approved and adopted an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”).

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Sprout Social, Inc. filing history →

Source: SEC EDGAR

accession 0001517375-22-000032

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