Nextdoor amends bylaws to align with universal proxy rules and Delaware law updates

Nextdoor Holdings, Inc.

Amendments include conforming to SEC universal proxy rules and recent DGCL changes.
Updated advance notice provisions; additional disclosures required from nominating stockholders.
Emergency bylaw provision clarified for officer authority during quorum emergencies.
Changes effective immediately upon Board approval on November 30, 2022.

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 0.95

Nextdoor Holdings, Inc.: Amended and restated bylaws to implement changes related to universal proxy rules, DGCL amendments, advance notice provisions, proxy card color, representative authorization, and emergency bylaws, effective November 30, 2022 (effective 2022-11-30).

Change: bylaw amendment
Effective: 2022-11-30

Exact text from the filing

On Novemb er 30, 20 22, in connection with the effectiveness of new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “ DGCL ”), and a periodic review of the bylaws of Nextdoor Holdings, Inc. (the “ Company ”), the Company’s board of directors (the “ Board ”) approved and adopted the Company’s amended and restated bylaws (the “ Amended and Restated Bylaws ”), which became immediately effective.

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Nextdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001846069-22-000061

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