other material
confidence high
sentiment neutral
materiality 0.50
PROCEPT BioRobotics adopts amended charter/bylaws upon IPO closing Sep 17, 2021
PROCEPT BioRobotics Corp
- Authorized common stock increased to 300M shares; 10M shares of undesignated preferred stock authorized.
- Board classified into three classes with staggered three-year terms; directors removable only for cause with 2/3 vote.
- Stockholder action by written consent eliminated; exclusive forum provisions for Delaware Chancery and federal securities claims.
- Amended and restated bylaws establish procedures for stockholder proposals and director nominations.