other
confidence high
sentiment neutral
materiality 0.20
FinWise Bancorp amends bylaws to supermajority vote; stock plans restrict option repricing
Finwise Bancorp
- Bylaw amendment replaces 66⅔% supermajority shareholder vote with majority vote for bylaw changes, effective April 16, 2025.
- 2016 and 2019 Stock Plans amended to prohibit Administrator from reducing option exercise price without stockholder approval.
- Both amendments approved by Board on April 16, 2025 and described in filed exhibits.