Acuity Brands Inc (AYI) has released an update to notify the public and investors about corporate charter and bylaws modifications.
On January 24, 2024, Acuity Brands, Inc.’s stockholders approved an amendment to exculpate certain officers from personal liability as allowed by Delaware law, and the board approved the restatement of the company’s certificate of incorporation. The next day, the company filed the approved amendment and restated certificate with the Delaware Secretary of State. Additionally, the board amended and restated the company by-laws to reflect updates such as procedural changes for stockholder nominations, exclusive forum provisions for certain legal actions, and clarifications on stockholder meeting procedures. These changes are detailed in the documents filed with the corresponding exhibits to the company’s current report.
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