Udemy amends bylaws to adopt universal proxy rules and DGCL updates

Udemy, Inc.

Board adopted amended bylaws effective Nov 30, 2022, for SEC universal proxy rules and DGCL changes.
Enhanced advance notice procedures for stockholder director nominations and proposals, with updated deadlines and Rule 14a-19 compliance.
Expanded forum selection clause to cover Securities Act claims arising from any Company offering.
Updated stockholder meeting adjournment procedures and stockholder list provisions per recent DGCL amendments.

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

Udemy, Inc.: Adopted amended and restated bylaws effective November 30, 2022, making various changes including to advance notice procedures, meeting adjournment, and forum selection provision (effective 2022-11-30).

Change: bylaw amendment
Effective: 2022-11-30

Exact text from the filing

On November 30, 2022, in connection with the effectiveness of new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “DGCL”), and a periodic review of the bylaws of Udemy, Inc. (the “Company”), the Company’s board of directors (the “Board”) adopted amended and restated bylaws (the “Amended and Restated Bylaws”), effective immediately.

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Source: SEC EDGAR

accession 0001607939-23-000019

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