Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
PAMT CORP: Adopted a fourth amendment to the Amended and Restated By-Laws adding exclusive forum provisions for certain corporate law matters and federal securities act claims, and clarifying/updating listed corporate officers (effective 2023-07-27).
- Change
- bylaw amendment
- Effective
- 2023-07-27
Exact text from the filing
On July 27, 2023, the Board of the Company adopted a fourth amendment (the “Bylaw Amendment”) to the Company’s Amended and Restated By-Laws, as amended (the “Bylaws”). The Bylaw Amendment adds a new Article XIII of the Bylaws which provides that, unless the Company consents in writing to the selection of an alternative forum, (a) the Court of Chancery of the State of Delaware (or, if the Court of Chancery of the State of Delaware lacks subject matter jurisdiction, the federal district court for the District of Delaware) will be the sole and exclusive forum for certain corporate law matters and actions or proceedings asserting an “internal corporate claim,” as that term is defined in Section 115 of the Delaware General Corporation Law, and (b) the federal district courts of the United States of America will be exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act of 1933, as amended. The Bylaw Amendment also clarifies and update
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