Ark Restaurants (ARKR) has released an update to notify the public and investors about corporate charter and bylaws modifications.
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On January 23, 2024, Ark Restaurants Corp.’s Board of Directors approved the Amended and Restated Bylaws to align with new SEC regulations, particularly the Universal Proxy Rules. These bylaws revise procedures for shareholder director nominations and proposals, mandating additional information and compliance with Universal Proxy Rules, and stipulate a distinct proxy card color for shareholder solicitations. Furthermore, the notice period for shareholder meetings has been extended from fifty to sixty days.
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