Dror Ortho-Design amends bylaws: quorum reduced to 1/3, adds advance notice for shareholder proposals

Dror Ortho-Design, Inc.

Quorum changed from majority to one-third of voting power present at stockholder meetings.
Annual meeting date no longer fixed to second Monday of April; board may set date.
Notice period for meetings extended to 10-60 days (previously 10-50 days).
New advance notice procedures added for director nominations and stockholder proposals outside Rule 14a-8.
Comprehensive indemnification provisions adopted for officers, directors, and employees.

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

Dror Ortho-Design, Inc.: Board adopted new Bylaws effective immediately, replacing existing bylaws with revisions to meeting procedures, quorum, proxy rules, director/officer provisions, and indemnification (effective 2023-10-24).

Change: bylaw amendment
Effective: 2023-10-24

Exact text from the filing

On October 24, 2023, the Board adopted the Bylaws, effective immediately.

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Dror Ortho-Design, Inc. filing history →

Source: SEC EDGAR

accession 0001999371-23-000201

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