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| NXST > SEC Filings for NXST > Form 8-K on 30-Jan-2013 | All Recent SEC Filings |
30-Jan-2013
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, F
On January 24, 2013, the Board of Directors (the "Board") of Nexstar Broadcasting Group, Inc. (the "Company") approved amendments to, and restated, the Company's Amended and Restated Bylaws (as amended and restated, the "Bylaws"), which became effective immediately upon approval.
The principal changes to the Bylaws were: (1) to amend the advance notice provision to require that stockholders provide additional information in connection with submitting a nomination or notice for other business, specifically requiring disclosure that includes derivative ownership, beneficial ownership of the stockholder, group status (including a description of any applicable agreements with respect to the Company), information regarding a nominee and a description of any voting agreements; (2) to specify that the Board and the chair of a stockholder meeting have the right to prescribe the rules and procedures for a stockholder meeting; (3) to specify that business can still be conducted at a stockholder meeting if a quorum was present, but is lost; (4) to specify that the chair of a stockholder meeting (in addition to the stockholders) can adjourn the stockholder meeting, whether or not a quorum is present; (5) to permit remote communications for stockholder meetings; (6) to remove the requirement that the annual meeting be held within 150 days of the close of the Company's fiscal year; and (7) to require that nominees for election as a director of the Company complete a background and qualification questionnaire and enter into an agreement with the Company that prevents such director from entering into any voting or compensation agreement regarding the Company with any third party, obligates such director to adhere to the Company's internal policies (including with regards to confidentiality, conflicts and insider trading) and includes an irrevocable resignation in the event of a breach of the agreement. The Board also made other non-material, technical and stylistic amendments to the Bylaws.
The foregoing description of the Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Bylaws, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference.
(d) Exhibits
Exhibit
No. Description
3.1 Amended and Restated Bylaws of Nexstar Broadcasting Group, Inc. dated
January 24, 2013.
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