National Cinemedia (NCMI) has released an update to notify the public and investors about corporate charter and bylaws modifications.
On February 1, 2024, the Company’s Board of Directors amended the Company’s Amended and Restated Bylaws, reducing the quorum requirement for stockholder meetings to one-third of the issued and outstanding stock entitled to vote, whether present in person or by proxy. This represents a change from the previous requirement of a majority of the voting power of all outstanding shares. The full details of the amendment are contained in Exhibit 3.1, which is incorporated by reference.
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For a comprehensive understanding of the announcement, you can read the full document here.
