URBAN EDGE PROPERTIES (NYSE:UE) 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.
On February 28, 2019, the Board of Trustees (the “Board”) of Urban Edge Properties (the “Company”) adopted a governance enhancement empowering shareholders to propose amendments to the Bylaws of the Company (the “Bylaws”) directly for approval by the Company’s shareholders. The power to amend the Bylaws had previously been reserved solely to the Board as permitted by Maryland law. The Board continues to have the power to adopt new Bylaws and to alter or repeal any provision of the Bylaws, co-extensive with the right of the shareholders described above.
The Bylaws now permit shareholders to amend the Bylaws by the affirmative vote of the holders of a majority of all votes entitled to be cast on the matter. A shareholder proposal may not, without the approval of the Board, alter or repeal (i) Article XII of the Bylaws, which provides for indemnification of directors and officers of the Company or (ii) Article XV of the Bylaws, which addresses procedures for amendment of the Bylaws.
The foregoing description of the Bylaws does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Bylaws, which is included as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Urban Edge Properties Exhibit
EX-3.1 2 ex31-amendedandrestatedbyl.htm EXHIBIT 3.1 Exhibit URBAN EDGE PROPERTIESAMENDED AND RESTATED BYLAWSARTICLE IOFFICESSection 1. PRINCIPAL OFFICE. The principal office of the Trust in the State of Maryland shall be located at such place as the Board of Trustees may designate.Section 2. ADDITIONAL OFFICES. The Trust may have additional offices,…
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About URBAN EDGE PROPERTIES (NYSE:UE)
Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers. The Company’s portfolio totals approximately 14.8 million square feet. It has approximately 1,100 leases. It leases approximately 20 properties under ground and/or building leases. The Company’s shopping centers and malls include Signal Hill, Vallejo, Walnut Creek, Newington, Waterbury, Baltimore, Glen Burnie, Rockville, Wheaton, Cambridge, Chicopee, Milford, Springfield, Salem, Bergen Town Center, Carlstadt, Cherry Hill, Dover, East Brunswick, Eatontown, Englewood, Hackensack, Hazlet, Lawnside, Montclair, Totowa, Watchung, Bronx, Buffalo, Huntington, Rochester, Allentown, Broomall, Springfield, Charleston, Norfolk, Las Catalinas and Montehiedra.