NN, Inc. announced that at a special meeting on September 30, 2026, its stockholders approved an Amended and Restated Certificate of Incorporation. The primary amendment doubles the number of authorized shares of common stock, which can be used for future corporate purposes such as equity financing, acquisitions, or employee compensation plans.
Key Details
- Authorized Shares Increase: The number of authorized shares of common stock, par value $0.01, was increased from 90,000,000 to 180,000,000.
- Effective Date: The amendment was approved at a special stockholder meeting on September 30, 2026, and the Restated Certificate was filed and became effective on the same date.
- Other Amendments: Stockholders also approved other governance-related changes, including provisions for officer exculpation, the addition of forum selection clauses, and the removal of outdated provisions.