Mill City Ventures amends bylaws: reduces quorum to 1/3, plurality vote for directors

SUI Group Holdings Ltd.

Quorum for shareholder meetings reduced from majority to one-third of shares outstanding.
Director election vote threshold changed from majority to plurality.
New procedures established for shareholder proposals and director nominations, including proxy access.
Amendments adopted by Board and effective immediately on June 11, 2025.

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

SUI Group Holdings Ltd.: Amended and restated bylaws to change quorum requirement from majority to one-third, elect directors by plurality, and establish procedures for shareholder proposals and proxy inclusion (effective 2025-06-11).

Change: bylaw amendment
Effective: 2025-06-11

Exact text from the filing

On June 11, 2025, in connection with a review of the bylaws of Mill City Ventures III, Ltd., the Board of Directors of the company amended and restated the company’s bylaws (the “Amended and Restated Bylaws”), effective immediately.

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13 governance changes filed in the last 30 days. Browse all governance changes →

SUI Group Holdings Ltd. filing history →

Source: SEC EDGAR

accession 0001654954-25-006940

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