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
Leonardo DRS, Inc.: Amended and restated bylaws to remove a 'pop-up' supermajority requirement to amend, alter, or repeal the bylaws, consistent with the charter amendment (effective 2025-06-05).
- Change
- bylaw amendment
- Effective
- 2025-06-05
Exact text from the filing
The Bylaws were amended and restated to remove a “pop-up” supermajority requirement to amend, alter, or repeal the Bylaws consistent with the provisions in the Amendment.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Leonardo DRS, Inc.: Removed certain 'pop-up' supermajority voting requirements in Article Twelfth of the Amended and Restated Certificate of Incorporation, changing approval thresholds from 66 2/3% to a majority vote for certain amendments (effective 2025-06-05).
- Change
- charter amendment
- Effective
- 2025-06-05
Exact text from the filing
The Amendment calls for the elimination of requirements in Article Twelfth that currently provide that under certain circumstances, certain provisions of the Charter may only be altered, amended, or repealed and any provisions inconsistent therewith be adopted or added if such alteration, amendment, repeal, adoption or addition is approved by 66 2⁄3% of the voting power of the outstanding common stock then entitled to vote at any annual meeting or special meeting of stockholders.
View on SEC.gov