secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2021-09-21T23:59:59+00:00
Accession:  0001628280-21-018923
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics adopts amended charter/bylaws upon IPO closing Sep 17, 2021
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000162828021018923/0001628280-21-018923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000162828021018923/proceptbiorobotics-closing.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-018923

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