AXT, Inc. announced that its Board of Directors has approved and adopted an amendment to the company's bylaws, effective immediately. The amendment significantly reduces the minimum number of shares required to be present to conduct business at shareholder meetings.
Key Details
- New Quorum Requirement: The quorum for shareholder meetings has been lowered from a majority of all shares entitled to vote to thirty-three and one-third percent (33.33%).
- Effective Date: The amendment was approved by the Board of Directors and became effective on July 26, 2026.
- Filing Reference: This change was disclosed under Item 5.03, Amendments to Articles of Incorporation or Bylaws.