MacKenzie Realty Capital amends charter and bylaws after stockholder vote

MacKenzie Realty Capital, Inc.

Stockholders approved three charter amendments at Jan 6, 2025 special meeting: Proposal 1.A with 89.2% of shares present, 1.B with 91.52%, 1.C with 90.35%.
Board adopted Third Amended and Restated Bylaws effective Jan 8, 2025, reducing quorum from 50% to one-third of votes entitled to be cast.
Special meeting threshold increased from 10% to majority of votes entitled to be cast, and director qualification provisions were removed.
New exclusive forum provision designates Maryland state or federal court for internal corporate claims, derivative actions, and fiduciary duty claims.

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

MacKenzie Realty Capital, Inc.: Board adopted Third Amended and Restated Bylaws, effective January 8, 2025, with numerous changes including quorum, special meeting threshold, advance notice provisions, director qualifications, and exclusive forum (effective 2025-01-08).

Change: bylaw amendment
Effective: 2025-01-08

Exact text from the filing

On January 8, 2025, the Board of Directors of the Company approved, effective January 8, 2025, a Third Amended and Restated Bylaws

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MacKenzie Realty Capital, Inc.: Stockholders approved and board adopted Second Amended and Restated Charter, effective January 10, 2025 (effective 2025-01-10).

Change: charter amendment
Effective: 2025-01-10

Exact text from the filing

the second A&R Charter was filed with the State Department of Assessments and Taxation of Maryland and effective as of January 10, 2025.

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MacKenzie Realty Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001550913-25-000008

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