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
Independence Contract Drilling, Inc.: Amended and restated bylaws to add requirements for stockholder director nominations, virtual meeting provisions, lead director authority, emergency bylaws, and other changes (effective 2023-02-28).
- Change
- bylaw amendment
- Effective
- 2023-02-28
Exact text from the filing
On February 28, 2023, the Board of the Company approved and adopted a Third Amended and Restated Bylaws (the “Amended and Restated Bylaws”), which became effective the same day. Among other things, the amendments effected by the Amended and Restated Bylaws: ● Add additional notice disclosure and other requirements with respect to other persons proposed by stockholders for nomination as a director; ● Add additional notice disclosure and other requirements with respect to stockholders either proposing persons for nomination as a director or other business at an annual meeting of stockholders; ● Add authorities in connection with the designation of a lead director, if applicable; ● Add updates in connection with virtual meetings of stockholders permitted under applicable Delaware law; ● Add default scopes of authorities of certain officers to be applicable in the absence of other board designations; and ● Add emergency bylaw provisions to be operative in the event of an emergenc
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