Following today's Board action, amendments to the Company's Articles of Incorporation
reflecting this change will be presented for approval at the Company's Annual Shareholders' Meeting in March 2016.
Company's articles of incorporation
in substitution for and to the
Considering that this system is firmly established, the Board proposes that the wording of the present Articles of Incorporation
concerning Directors and Executive Officers as well as other related provisions be revised or deleted, that the one new article be inserted and that the article numbers be adjusted accordingly.
Shareholders have also approved a second amendment to the company's Restated Articles of Incorporation
to reduce the vote required for future amendments to the Company's Restated Articles of Incorporation
from a two-thirds supermajority of the outstanding shares entitled to vote to a simple majority of over 50 percent.
an amendment to the Articles of Incorporation
that implements majority voting for the election of directors in uncontested elections beginning with the 2010 annual meeting.
The Articles of Incorporation
of this corporation are amended and restated to read as follows:
Even though there was great interest in the continuing INCO meetings, there was some concern as to what would happen when INCO's patent ran out, said Ken Guise, who also signed the original articles of incorporation
Article IV of the Company's Articles of Incorporation
will be amended to decrease the number of authorized shares from 5,000,000 to 4,000,000 shares.
Authorized capital stock, which refers to the number of stocks that a firm may issue, is stated in a company's articles of incorporation
, where changes may only be made with the approval of stockholders and regulators.
The Company's Amended and Restated Articles of Incorporation
provide that, in certain circumstances, transfers of the Company's common stock by certain stockholders will be subject to advance notice requirements and possible restriction or prohibition.
Fukuoka, Japan, May 17, 2006 - (JCN Newswire) - Sanix Incorporated (TSE: 4651) decided at a meeting of its Board of Directors on May 17, 2006 to amend a part of Articles of Incorporation
as set out below.
Copies of lost articles of incorporation
can be obtained from the California Secretary of State; Corporate Document Filings; 1500 11th St.