Nocopi adopts classified board, supermajority removal, board-controlled vacancies under Maryland law

NOCOPI TECHNOLOGIES INC/MD/

Board classified into three classes with staggered three-year terms; directors previously elected annually.
Stockholder removal of directors requires 2/3 supermajority vote and must be for cause.
Board alone may fix the number of directors; stockholders previously could amend articles or bylaws.
Board vacancies filled only by remaining directors; stockholders lose fill-in authority.

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