---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-23-000157"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:38:27.918032+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Oportun adopts majority voting standard and eliminates supermajority bylaw provisions

## Summary
- Adopted majority voting standard in uncontested director elections; plurality in contested.
- Eliminated supermajority vote requirement to amend bylaws, effective Oct 10, 2023.
- Proposal to remove supermajority provisions in certificate of incorporation to be voted at 2024 annual meeting.
- Changes reflect board's commitment to best practices and long-term shareholder value.

## SEC filing metadata
- accession: 0001538716-23-000157
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871623000157/0001538716-23-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871623000157/oprt-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-23-000157
- JSON: https://secwatch.observer/filing/0001538716-23-000157.json
- Plain text: https://secwatch.observer/filing/0001538716-23-000157.txt

## Key facts
- Governance Changes
  Oportun Financial Corp: Amended bylaws to adopt majority voting standard in uncontested director elections and to eliminate supermajority vote requirement for stockholders to amend bylaws, replacing it with a majority vote threshold (effective 2023-10-10).
  - Change: bylaw amendment
  - Effective: 2023-10-10
  source text: On October 10, 2023, the Board of Directors (the “Board”) of Oportun Financial Corporation (the “Company”), acting upon the recommendation of the Board’s Nominating, Governance and Social Responsibility Committee, approved the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”), effective as of such date. Among other things, the Amended and Restated Bylaws provide that directors be elected by a majority of the votes cast, other than in contested elections, where directors will be elected by a plurality vote, and replace the provision requiring a supermajority vote in order for the Company’s stockholders to amend the Company’s bylaws with a majority vote threshold, subject to the provisions of the Company’s certificate of incorporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871623000157/0001538716-23-000157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.