Rosetta Stone Inc. (NYSE:RST) 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.
Board) of Rosetta Stone Inc. (the Company) approved and adopted
an amendment and restatement of the Companys Second Amended and
Restated Bylaws (the Bylaws and as amended and restated, the
Third Amended and Restated Bylaws).
8.5 Forum for Adjudication of Disputes, designating that the
Court of Chancery of the State of Delaware shall be the sole and
exclusive forum for the adjudication of disputes. Section 8.5
provides that unless the Company consents in writing to the
selection of an alternative forum, the sole and exclusive forum
for any derivative action or proceeding brought on behalf of the
Company, any action asserting a claim of breach of a fiduciary
duty owed by any director, officer or employee of the Company to
the Company or its stockholders, any action asserting a claim
arising to any provision of the Delaware General Corporation Law
or any action asserting a claim governed by the internal affairs
doctrine shall be adjudicated in the Court of Chancery of the
State of Delaware.
qualified in its entirety by reference to, and should be read in
conjunction with, the complete text of the Third Amended and
Restated Bylaws filed as Exhibit 3.1 to this Current Report on
Form 8-K and is incorporated herein by reference.
|
Exhibit Number
|
Description of Exhibit
|
|
|
3.1
|
Third Amended and Restated Bylaws of Rosetta Stone
Inc., as amended and restated as of November 17, 2016 |
About Rosetta Stone Inc. (NYSE:RST)
Rosetta Stone Inc. (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners. Its cloud-based programs allow users to learn online or on-the-go via tablet or smartphone, whether in a classroom, corporate setting, or personal learning environment. Its Fit Brains business offers personalized brain training programs. The Company offers courses in over 30 languages across formats, including Web-based software subscriptions, digital downloads, mobile applications, and perpetual compact disc packages. It also offers a portfolio of technology-based learning products for personal use to the global consumer. Rosetta Stone Inc. (NYSE:RST) Recent Trading Information
Rosetta Stone Inc. (NYSE:RST) closed its last trading session down -0.01 at 7.89 with 58,945 shares trading hands.
