CDI Corp. (NYSE:CDI) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
amended Section 3.03 of the Company’s ByLaws on March 17, 2017
to remove the right of the holder or holders of one-fifth of the
Companys issued and outstanding shares of common stock to call a
special meeting of the shareholders. The Board expects to
reevaluate appropriate terms regarding the shareholders right to
call a special meeting at the conclusion of its review of
strategic alternatives to maximize shareholder value. The By-Laws
were also amended in Section 9.05 to designate Pennsylvania as
the exclusive forum for certain legal actions.
By-Laws include certain clarifications and updates to accommodate
the amendments described above. The foregoing summary description
is qualified in its entirety by reference to the By-Laws of CDI
Corp., a copy of which is attached hereto as Exhibit 3.ii and
incorporated herein by reference.
is furnished as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.
including Exhibit 99.1, is being furnished and shall not be
deemed filed for any purpose of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of such Section. The information in
this Current Report on Form 8-K shall not be deemed to be
incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
herewith, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this Current Report on Form 8-K may constitute forward-looking
statements and are not guarantees of future performance or
results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in filings with the Securities and
Exchange Commission. The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this Current Report on
Form 8-K.
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3.ii
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By-Laws of CDI Corp.
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99.1
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CDI Corp. March 20, 2017 News Release
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About CDI Corp. (NYSE:CDI)
CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees. The GETS segment provides engineering and information technology solutions that involve the production of deliverable work products or services performed at its facility or at a customer’s facility. The PSS segment provides technical and professional personnel for discrete periods of time to augment the customer’s workforce in times of project, seasonal, peak period or business cycle needs. The MRI segment is a global franchisor that does business as MRINetwork and provides the use of its trademarks, business systems and training and support services to its franchisees. It serves the oil, gas and chemicals, aerospace and industrial equipment, and hi-tech industries. CDI Corp. (NYSE:CDI) Recent Trading Information
CDI Corp. (NYSE:CDI) closed its last trading session up +0.20 at 7.65 with 65,895 shares trading hands.