Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On
• aligning provisions relating to delivery of notices of stockholder meetings and communications regarding adjourned stockholder meetings with the DGCL; • aligning the definition of "public announcement" for purposes of the Amended Bylaws with the DGCL; • aligning requirements for action by written consent of the Board with the DGCL; and • aligning provisions regarding captive insurance with the DGCL.
The Amended Bylaws also incorporate certain other amendments, including:
• changing certain provisions relating to stockholder nominees for election as a director to address the universal proxy rules adopted by theSecurities and Exchange Commission ; • clarifying provisions regarding the appointment, election and removal of officers of the Company; and • making certain other clarifying, conforming and ministerial changes.
The foregoing description of the Amended Bylaws is qualified in its entirety by reference to the full text of the Amended Bylaws filed as Exhibit 3.1 to this Current Report on Form 8-K, which is incorporated by reference into this Item 5.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 3.1 Amended and Restated Bylaws ofBlock, Inc. 104 Cover Page Interactive Data File, formatted in inline XBRL.
--------------------------------------------------------------------------------
© Edgar Online, source