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8-K filed June 12, 2023, 7:59 PM ET CIK 0001849089
other confidence high sentiment neutral materiality 0.15

Lafayette Square amends bylaws to cap BHC investor voting power and ownership limits

Lafayette Square USA, Inc.

item 5.03item 9.01

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

Lafayette Square USA, Inc.: Amended Bylaws to restrict actions that could cause bank holding company investors to exceed regulatory ownership thresholds and cap voting power of such investors (effective 2023-06-08).

Change
bylaw amendment
Effective
2023-06-08
Exact text from the filing
On June 8, 2023, the Board of Directors (the “Board”) of Lafayette Square USA, Inc. (the “Company”) approved an amendment to the Company’s Bylaws (the “Second Amendment to Bylaws”). The Second Amendment to Bylaws, among other things, (1) restricts the ability of the Company to take certain actions that would inadvertently cause any bank holding company (as defined in the U.S. bank Holding Company Act of 1956, a “BHC Investor) that owns shares of the Company to exceed certain regulatory ownership thresholds; and (2) caps any BHC Investor’s voting power at a certain percentage of the outstanding shares of the Company in a manner consistent with customary regulatory considerations for such investors. The Second Amendment became effective immediately.
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Source: SEC EDGAR
accession 0001849089-23-000039
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