Silvaco shareholders approve director removal without cause; all 9 director nominees elected

Silvaco Group, Inc.

Stockholders approved amendment to certificate of incorporation to allow removal of directors without cause; effective May 28, 2025.
Board also adopted amended bylaws to eliminate 'for cause' requirement for director removal.
All nine Class 1 director nominees elected, including Babak Taheri, Anita Ganti, and Dr. Walden Rhines.
Vote: 24,057,623 for, 15,386 against on charter amendment; 83.61% of shares represented.

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

Silvaco Group, Inc.: Amended and Restated Bylaws to eliminate the 'for cause' requirement for removal of directors (effective 2025-05-22).

Change: bylaw amendment
Effective: 2025-05-22

Exact text from the filing

the Board of Directors of the Company approved Amended and Restated Bylaws of the Company on May 22, 2025, to eliminate the “for cause” requirement for the removal of directors.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Silvaco Group, Inc.: Amended and Restated Certificate of Incorporation to allow removal of directors without cause (effective 2025-05-28).

Change: charter amendment
Effective: 2025-05-28

Exact text from the filing

our stockholders approved an Amended and Restated Certificate of Incorporation (the “Amended and Restated Certificate”) to allow for the removal of directors by stockholders without cause. The Amended and Restated Certificate was filed with the Secretary of State of the State of Delaware and became effective on May 28, 2025.

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Silvaco Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-028149

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