Peoples Bancorp adopts amended bylaws with majority voting for director elections

PEOPLES BANCORP OF NORTH CAROLINA INC

Board adopted Third Amended and Restated Bylaws on January 16, 2025.
Amendments implement a majority voting standard in uncontested director elections.
Change was approved by shareholders at the 2021 annual meeting.
New bylaws replace the Second Amended and Restated Bylaws entirely.
No change to fiscal year; amendment is effective immediately.

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

PEOPLES BANCORP OF NORTH CAROLINA INC: Adopted Third Amended and Restated Bylaws implementing majority voting standard in uncontested director elections approved by shareholders in 2021 (effective 2025-01-16).

Change: bylaw amendment
Effective: 2025-01-16

Exact text from the filing

On January 16, 2025, the Board of Directors of the Registrant adopted the Third Amended and Restated Bylaws of Peoples Bancorp of North Carolina, Inc., a complete copy of which is attached hereto as Exhibit 3(iii).

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Source: SEC EDGAR

accession 0001654954-25-000532

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