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
SPLASH BEVERAGE GROUP, INC.: Amended bylaws to change quorum requirement to one-third of outstanding voting power, majority vote standard, clarify CEO/President roles, and remove special notice timing for authorized share increases (effective 2025-09-25).
- Change
- bylaw amendment
- Effective
- 2025-09-25
Exact text from the filing
On September 25, 2025, the Board approved and adopted amendments to the Company’s Bylaws (the “Amendments”). The Bylaw Amendments are summarized as follows: (i) provide that the quorum requirement for shareholders’ meetings shall be one-third of the outstanding voting power; and (ii) provide that if a quorum is present, the affirmative vote of a majority of votes cast shall be an act of the shareholders unless a different voting standard is required by applicable law; (iii) provide for roles and duties of the Chief Executive Officer and President which are consistent with the Company’s current management structure and (iv) remove a special notice timing requirement for the mailing of notice relating to an increase in authorized shares. The Amendments became effective upon their adoption on September 25, 2025.
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