secwatch / observer
8-K filed January 25, 2023, 6:59 PM ET ticker UAVS CIK 0000008504
other material confidence high sentiment neutral materiality 0.30

AgEagle Aerial Systems lowers shareholder quorum requirement to 33-1/3%

AgEagle Aerial Systems Inc.

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

AgEagle Aerial Systems Inc.: Lowered the quorum requirement for all meetings of shareholders from the holders of a majority to the holders of 33-1/3% of the issued and outstanding shares entitled to vote (effective 2023-01-24).

Change
bylaw amendment
Effective
2023-01-24
Exact text from the filing
On January 24, 2023, the board of directors (the “Board”) of AgEagle Aerial Systems Inc. (the “Company”) approved and adopted the Second Amended and Restated Bylaws (the “Amended Bylaws”) which became effectively immediately. The Amended Bylaws, among other things, lowered the quorum requirement for all meetings of shareholders from the holders of a majority, to the holders of 33-1/3%, of the issued and outstanding shares of the Company’s common stock entitled to vote at all such meetings.
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AgEagle Aerial Systems Inc. filing history →

Source: SEC EDGAR
accession 0001903596-23-000066
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