Capella Education Company (NASDAQ:CPLA) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item5.03.
|
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On December7, 2016, the Board of Directors of Capella Education
Company (the Company), upon recommendation of the Governance
Committee, approved amendments to the Companys Second Amended and
Restated Bylaws designed to modernize the bylaws and reflect
certain amendments to the Minnesota Business Corporation Act.
The amendments include the following, among other more clerical
revisions: (i)clarifying that the Company has the flexibility,
but not the requirement, to hold hybrid-virtual shareholder
meetings, in addition to virtual meetings, (ii)confirming that
certain notices may be given by authenticated electronic
communication, (iii)confirming the ability of the Board
committees to create subcommittees and (iv)delegating the power
of the Board to appoint and remove corporate officers, other than
the Chief Financial Officer and other executive officers, to the
Chief Executive Officer.
The Third Amended and Restated Bylaws incorporating the
amendments described above are filed as Exhibit 3.2 hereto.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 3.2 | Third Amended and Restated Bylaws |
About Capella Education Company (NASDAQ:CPLA)
Capella Education Company is an online postsecondary education services company. The Company’s academic programs are delivered through its subsidiary, Capella University (the University), which is an online academic institution offering online postsecondary education services primarily to working adults. The Company also offers educational programming through its other subsidiaries, including Arden University, Ltd., which is a provider of United Kingdom university distance learning qualifications that markets, develops and delivers these programs across the world; Sophia Learning LLC (Sophia), which supports self-paced learning; Capella Learning Solutions (CLS), provides online training solutions and services to corporate partners, which are delivered through the Company’s online learning platform, and Hackbright Academy, which is a non-degree software engineering school for women. The Company’s subsidiary, DevMountain, LLC, is involved in software coding industry. Capella Education Company (NASDAQ:CPLA) Recent Trading Information
Capella Education Company (NASDAQ:CPLA) closed its last trading session down -1.10 at 86.50 with 81,845 shares trading hands.
