Flying Eagle Acquisition Corp. Announces Board Changes; Adopts Second Amended and Restated Certificate of Incorporation
March 10, 2020 at 04:28 pm EDT
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On March 5, 2020, Flying Eagle Acquisition Corp. consummated its initial public offering (IPO) of 69,000,000 (the Units), including the issuance of 9,000,000 Units as a result of the underwriters' exercise of their over-allotment option in full. On March 5, 2020, in connection with the IPO, Scott Delman and Joshua Kazam were appointed to the board of directors of the Company (the Board). Messrs. Delman and Kazam are independent directors. Effective March 5, 2020, Mr. Delman was also appointed to the Board's Audit Committee, with Mr. Delman serving as chair of the Audit Committee. Effective March 5, 2020, Messrs. Delman and Kazam were also appointed to the Board's Compensation Committee and Nominating and Corporate Governance Committee, with Mr. Delman serving as chair of the Compensation Committee and Mr. Kazam serving as chair of the Nominating and Corporate Governance Committee. Following the appointment of Messrs. Delman and Kazam, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Mr. Delman and will expire at the Company's first annual meeting of stockholders; the term of office of the second class of directors, Class II, consists of Mr. Kazam and will expire at the Company's second annual meeting of stockholders; and the term of office of the third class of directors, Class III, consists of Harry E. Sloan and will expire at the Company's third annual meeting of stockholders.
On March 5, 2020, in connection with the IPO, the Company adopted its Second Amended and Restated Certificate of Incorporation (the Amended Charter), effective the same day.
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