Vertex Energy (VTNR) has released an update to notify the public and investors about a material modification to rights of security holders.
Vertex Energy, Inc. has revised its bylaws to enhance flexibility and clarify procedures for shareholder engagement. Key updates include allowing stockholder meetings to be held virtually, permitting email notification for meetings if a stockholder agrees, and streamlining the nomination process for directors with specific information requirements. Additionally, the bylaws now stipulate that only non-white proxy cards can be used for soliciting proxies, to differentiate from the Board’s official communications. These amendments are part of the company’s commitment to maintaining transparent and efficient governance processes.
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For a comprehensive understanding of the announcement, you can read the full document here.