Trio-Tech International has adopted its Third Amended and Restated Bylaws, effective July 7, 2026. The updated bylaws introduce new corporate governance measures, including procedural requirements for shareholder proposals and director nominations, and establish exclusive forums for certain legal disputes.
Key Details
- Shareholder Proposals & Nominations: The bylaws now include advance notice and procedural requirements for shareholders to nominate directors or bring business before a shareholder meeting, and incorporate the universal proxy rules (Rule 14a-19).
- Exclusive Forum for State Claims: The Superior Court of California, County of Los Angeles, is designated as the exclusive forum for derivative lawsuits, fiduciary-duty claims, and other actions arising under California corporate law.
- Exclusive Forum for Federal Claims: Federal district courts are designated as the exclusive forum for claims brought under the Securities Act of 1933.
- Effective Date: The amended bylaws became effective immediately upon approval by the Board of Directors on July 7, 2026.