secwatch.observer — SEC 8-K summary
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Issuer:     NOCOPI TECHNOLOGIES INC/MD/ (NNUP)
CIK:        0000888981
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001553350-21-000949
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888981/000155335021000949/0001553350-21-000949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888981/000155335021000949/nnup_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-21-000949

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer