Quality Industrial files draft information statement on corporate charter changes - QIND News | RalliesQuality Industrial files draft information statement on corporate charter changes
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QIND• Charter overhaul approved by shareholders
- Quality Industrial shareholders authorized a charter overhaul, led by an increase in authorized common shares to 1,000,000,000 from 450,000,000.
- Authorized board power to sell, lease, or exchange substantially all company assets without shareholder approval.
- Expanded liability protections for directors and officers, backed by broader indemnification and expense-advancement provisions.
- Adopted Nevada exclusive-forum terms for internal corporate claims, excluding Securities Act and Exchange Act claims.
- Opted out of Nevada’s control share statute, added a corporate opportunity waiver for stockholders, directors, officers, and affiliates.
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