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EX-99.1 - EX-99.1 - SPRINT Corp | l38058exv99w1.htm |
8-K - FORM 8-K - SPRINT Corp | l38058e8vk.htm |
Exhibit 3.1
AMENDED AND RESTATED
SPRINT NEXTEL CORPORATION
BYLAWS
SPRINT NEXTEL CORPORATION
BYLAWS
ARTICLE 1
Name and Location
Section 1.1 Name. The name of the Corporation shall be the name set forth in the Articles of
Incorporation.
Section 1.2 Offices. Offices for the transaction of business of the Corporation may be located at
such places as the Board of Directors may from time to time determine or as the business of the
Corporation may from time to time require.
ARTICLE 2
Capital Stock
Section 2.1 Stock Certificates. All certificates of stock shall be signed by the Chairman of the
Board, the Chief Executive Officer, the President or a Vice President and by the Secretary or an
Assistant Secretary, and sealed with the corporate seal or a facsimile thereof. Any or all of the
signatures may be a facsimile.
Section 2.2 Transfers of Stock. Transfers of stock shall be made on the books of the Corporation
upon the surrender of the old certificate properly endorsed, and said old certificate shall be
cancelled before a new certificate is issued.
Section 2.3 Lost Certificates. A new certificate of stock may be issued in the place of any
certificate theretofore issued, alleged to have been lost or destroyed, and the Corporation may, in
its discretion, require the owner of the lost or destroyed certificate, or its legal
representative, to give a bond sufficient to indemnify the Corporation against any claim that may
be made against it on account of the alleged loss of any certificate.
Section 2.4 Preemptive Rights. No holder of shares of any class of this Corporation, or holder of
any securities or obligations convertible into shares of any class of this Corporation, shall have
any preemptive right whatsoever to subscribe for, purchase or otherwise acquire shares of this
Corporation of any class, whether now or hereafter authorized; except that nothing in this Section
2.4 shall prohibit the Corporation from granting, contractually or otherwise, to any such holder,
the right to purchase additional securities of the Corporation.
Section 2.5 Kansas Control Share Acquisition Act. The Kansas Control Share Acquisition Act, K.S.A.
Sections 17-1286 through 17-1298, does not apply to control share acquisitions of shares of the
Corporation.
ARTICLE 3
Stockholders Meetings
Section 3.1 Annual Meeting. The annual meeting of the stockholders of the Corporation shall be
held each year on such date and at such time and location, either within or without the State of
Kansas, as may from time to time be determined by the Board of Directors and stated in the notice
of the meeting. At such meeting, the stockholders shall elect directors as provided in Section
3.11 and transact such other business as may properly come before the meeting.
Section 3.2 Special Meetings. (a) General. A special meeting of the stockholders or
the holders of any one or more classes of the capital stock of the Corporation entitled to vote as
a class or classes with respect to any matter, as required by law or as provided in the Articles of
Incorporation, may be called by, and may be at any time and place determined by, the Chairman of
the Board, the Chief Executive Officer, the President or the Board of Directors.
(b) Stockholder Requested Special Meetings.
(1) Special meetings of the stockholders may also be called by the stockholders
following receipt by the Secretary of the Corporation of a written request for a
special meeting (a Special Meeting Request) from the record holders of shares
representing at least 10% of all issued and outstanding common stock of the
Corporation entitled to vote at the meeting (the Proposing Stockholders) if such
Special Meeting Request complies with the requirements set forth in this Section
3.2(b). The Board of Directors will determine whether all such requirements have been
satisfied, and such determination shall be binding on the Corporation and its
stockholders. If a Special Meeting Request complies with this Section 3.2(b), the
Board of Directors will determine the place, date and time of a special meeting
requested in such Special Meeting Request; provided, however, the Board of Directors
may (in lieu of calling the special meeting requested in such Special Meeting Request)
present an identical or substantially similar item (a Similar Item, and the election
of directors shall be deemed a Similar Item with respect to all items of business
involving the election or removal of directors) for stockholder approval at any other
meeting of stockholders that is held not less than one hundred twenty (120) calendar
days after the Secretary receives such Special Meeting Request.
(2) A Special Meeting Request must be delivered by hand, by registered U.S. mail, or
by courier service to the attention of the Secretary of the Corporation at the
principal office of the Corporation. A Special Meeting Request will only be valid if
it is signed and dated by each of the Proposing Stockholders and if such request
includes: (i) a statement of the specific purpose(s) of the special meeting, the
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matter(s) proposed to be acted on at the special meeting, the reasons for conducting
such business at the special meeting, and any material interest of each Proposing
Stockholder and each beneficial owner on whose behalf the Special Meeting Request is
submitted in the business proposed to be conducted at the special meeting; (ii) the
text of any resolutions proposed for consideration and, if such business includes a
proposal to amend either the Bylaws or the Articles of Incorporation, the text of the
proposed amendment to the Bylaws or Articles of Incorporation; (iii) the name and
address, as they appear on the Corporations books, of each Proposing Stockholder, the
date of each Proposing Stockholders signature and the name and address of each
beneficial owner on whose behalf such Special Meeting Request is made; (iv) the number
of shares of the Corporations common stock that are owned of record or beneficially
(within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as
amended (the Exchange Act)) by each Proposing Stockholder and each such beneficial
owner and documentary evidence of such record or beneficial ownership; (v) a
representation that the Proposing Stockholder(s) and each beneficial owner(s) on whose
behalf the Special Meeting Request is made intend to appear in person or by proxy at
the special meeting to present the proposal(s) or business to be brought before the
special meeting; (vi) if any Proposing Stockholder, or beneficial owner on whose
behalf such Special Meeting Request is made, intends to solicit proxies with respect
to the stockholders proposal(s) or business to be presented at the special meeting, a
representation to that effect; and (vii) all information relating to each such
Proposing Stockholder that must be disclosed in solicitations of proxies for election
of directors in an election contest (even if an election contest is not involved), or
is otherwise required, in each case pursuant to Regulation 14A under the Exchange
Act.
(3) A Special Meeting Request shall not be valid if (i) the Special Meeting Request
relates to an item of business that is not a proper subject for stockholder action
under applicable law; (ii) a Similar Item was presented at any meeting of stockholders
held within one hundred twenty (120) calendar days prior to receipt by the Corporation
of the Special Meeting Request; (iii) a Similar Item is included in the Corporations
notice as an item of business to be brought before a stockholder meeting that has been
called but not yet held; or (iv) the Special Meeting Request is received by the
Corporation during the period commencing ninety (90) calendar days prior to the first
anniversary of the preceding years annual meeting of stockholders and ending on the
date of that years annual meeting of stockholders.
(4) Any Proposing Stockholder may revoke a Special Meeting Request by written
revocation delivered to the Corporation at any time prior to the special meeting;
provided, however, the Board of Directors
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shall have the discretion to determine
whether or not to proceed with the special meeting. If none of the Proposing
Stockholders appears or sends a representative to present the proposal(s) or business
submitted by the Proposing Stockholders for consideration at the special meeting, the
Corporation need not present such proposal(s) or business for a vote at such meeting.
(5) Business transacted at a special meeting requested by stockholders shall be
limited to the purposes stated in the Special Meeting Request; provided, however, that
nothing herein shall prohibit the Board from submitting additional matters to the
stockholders at any such special meeting.
Section 3.3 Notice of Meetings. Notice of the time and place of all annual meetings of
stockholders and of the time, place and purpose of all special meetings of stockholders shall be
sent not less than ten (10) nor more than sixty (60) days before the date set for such meeting, to
each stockholder of record entitled to notice of such meeting. Without limiting the manner by
which notice otherwise may be given effectively to stockholders, any notice to stockholders given
by the Corporation shall be effective if given by a form of electronic transmission consented to by
the stockholder to whom notice is given.
Section 3.4 Advance Notice of Director Nominations. (a) Nominations of persons for election to the
Board of Directors at an annual meeting of the stockholders may be made by or at the direction of
the Board of Directors or may be made at an annual meeting of stockholders by any stockholder of
the Corporation who is entitled to vote for the election of Directors at the meeting in compliance
with the notice procedures set forth in this Section 3.4. Nominations, other than those made by or
at the direction of the Board of Directors, shall be made by a stockholder pursuant to timely
notice in writing to the Secretary of the Corporation. To be timely, a stockholders notice shall
be delivered to or mailed and received at the principal office of the Corporation not less than one
hundred twenty (120) days nor more than one hundred fifty (150) days before the first anniversary
of the preceding years annual meeting; except that, if the date of the annual meeting is advanced
by more than thirty (30) days or delayed by more than sixty (60) days from such anniversary date,
notice by the stockholder to be timely must be so delivered and received not earlier than the
150th day before such annual meeting and not later than the close of business on the
later of the 120th day before such annual meeting or the 10th day following
the day on which public announcement of the date of such annual meeting is first made. The public
announcement of an adjournment of an annual meeting will not commence a new time period for the
giving of a stockholders notice.
(b) A stockholders notice to the Secretary shall set forth:
(1) as to each person whom the stockholder proposes to nominate for
election or re-election as a Director, (i) the name, age, business address and
residence address of the person, (ii) the principal
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occupation or employment of the
person, (iii) the class and number of shares of capital stock of the Corporation which
are beneficially owned by the person, (iv) a description of all arrangements or
understandings relating to the nomination or nominations between or among any of (A)
the stockholder giving the notice, (B) each nominee, and (C) any other person or
persons (naming such person or persons), (v) any other information relating to the
person that is required to be disclosed in solicitations for proxies for election of
Directors pursuant to Regulation 14A under the Exchange Act, (vi) the signed consent
of each nominee to serve as a director of the Corporation if so elected; and (vii) a
statement signed by the nominee that indicates whether the nominee, if elected as a
director of the Corporation, intends to comply with the Corporations Corporate
Governance Guidelines; and
(2) as to the stockholder giving the notice (i) the name and address of the
stockholder and (ii) the class and number of shares of capital stock of the
Corporation which are beneficially owned by the stockholder.
(c) The Corporation may require any proposed nominee to furnish such other information as may
reasonably be required by the Corporation to determine the eligibility of such proposed nominee to
serve as Director of the Corporation. No person shall be eligible for election as a Director of the
Corporation at an annual meeting of the stockholders unless such person has been nominated in
accordance with the procedures set forth herein. If the facts warrant, the chairperson of the
annual meeting shall determine and declare to the meeting that a nomination does not satisfy the
requirements of this Section 3.4 and the defective nomination shall be disregarded. Nothing in this
Section 3.4 shall be construed to affect the requirements for proxy statements of the Corporation
under Regulation 14A of the Exchange Act.
Section 3.5 Advance Notice of Stockholder Business. (a) At any annual meeting of the stockholders,
only such business shall be conducted as shall have been properly brought before the meeting. To be
properly brought before an annual meeting, business must be (1) specified in the notice of meeting
(or any supplement thereto) given by or at the direction of the Board of Directors, (2) otherwise
properly brought before the annual meeting by or at the direction of the Board of Directors or (3)
otherwise properly brought before the annual meeting by a stockholder. For business to be properly
brought before a meeting by a stockholder, the stockholder must have given timely notice thereof in
writing to the Secretary of the Corporation. To be timely, a stockholders notice shall be
delivered to or mailed and received at the principal office of the Corporation not less than one
hundred twenty (120) days nor more than one hundred fifty (150) days before the first anniversary
of the preceding years annual meeting; except that, if the date of the annual meeting is advanced
by more than thirty (30) days or delayed by more than sixty (60) days from such anniversary date,
notice by the stockholder to be timely must be delivered and received not earlier than the
150th day before such annual meeting and not later than the close of business on the
later of the 120th
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day before such annual meeting or the 10th day following
the day on which public announcement of the date of such annual meeting is first made. The public
announcement of an adjournment of an annual meeting will not commence a new time period for the
giving of a stockholders notice.
(b) A stockholders notice to the Secretary shall set forth:
(1) as to each matter the stockholder proposes to bring before the annual meeting, a
brief description of the business desired to be brought before the meeting and the
reasons for conducting such business at the meeting; and
(2) as to the stockholder giving the notice (i) the name and address of the
stockholder, (ii) the class and number of shares of capital stock of the Corporation
which are beneficially owned by the stockholder and (iii) any material interest of the
stockholder in such business.
(c) No business shall be conducted at an annual meeting of the stockholders unless proposed in
accordance with the procedures set forth herein. The chairperson of an annual meeting shall, if the
facts warrant, determine and declare to the meeting that business was not properly brought before
the meeting in accordance with the foregoing procedure and such business shall not be transacted.
To the extent this Section 3.5 shall be deemed by the Board of Directors or the Securities and
Exchange Commission, or finally adjudged by a court of competent jurisdiction, to be inconsistent
with the right of stockholders to request inclusion of a proposal in the Corporations proxy
statement for its annual meeting pursuant to Rule 14a-8 promulgated under the Exchange Act, such
rule shall prevail.
Section 3.6 Special Meetings. At any special meeting of stockholders, only such business shall be
conducted as shall have been properly brought before the meeting. To be properly brought before a
special meeting of stockholders, business must be (a) specified in the notice of meeting (or any
supplement thereto) given by or at the direction of the Board of Directors (including pursuant to a
Special Meeting Request in accordance with Section 3.2(b)) or (b) otherwise properly brought before
the meeting by or at the direction of the Board of Directors. The chairperson of the meeting
shall, if the facts warrant, determine and declare to the meeting that business was not properly
brought before the meeting in accordance with the foregoing procedures and such business shall not
be transacted.
Section 3.7 Chairperson of Stockholder Meetings. The Chairman of the Board of Directors, or in his
absence or inability to act, the Chief Executive Officer, or if both are absent or unable to act,
the President or a Vice President shall preside as chairperson of the meeting at all stockholders
meetings. The chairperson of the meeting shall have authority on his own motion to adjourn the
meeting without the approval of the stockholders who are present in person or represented by proxy
and entitled to vote. The Board of Directors of the Corporation may, to the extent
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not prohibited
by law, adopt such rules and regulations for the conduct of the meeting of stockholders as it deems
appropriate. Except to the extent inconsistent with the rules and regulations adopted by the Board
of Directors, the chairperson of the meeting of stockholders shall have the right and authority to
prescribe rules, regulations and procedures and to do all acts as, in the judgment of the
chairperson, are appropriate for the proper conduct of the meeting.
Section 3.8 Voting. Except as otherwise provided in the Articles of Incorporation of the
Corporation, at each meeting of the stockholders, each stockholder shall be entitled to cast one
vote for each share of voting stock standing of record on the books of the Corporation, in the
stockholders name, and may cast such vote either in person or by proxy.
Section 3.9 No Cumulative Voting. Except as otherwise provided in the Articles of Incorporation of
the Corporation, each stockholder shall have the right to vote, in person or by proxy, a number of
votes equal to the number of shares of stock owned by the stockholder for each Director to be
elected. Stockholders shall not be entitled to cumulative voting of their shares of record in
election of Directors.
Section 3.10 Quorum. At any meeting held for the purpose of electing directors, the presence in
person or by proxy of the holders of at least a majority of the then outstanding voting shares of
the Corporation shall be required and be sufficient to constitute a quorum for the election of
directors. At a meeting held for any purpose other than the election of directors, shares
representing a majority of the votes entitled to be cast on such matter, present in person or
represented by proxy, shall constitute a quorum. In the absence of the required quorum at any
meeting of stockholders, a majority of such holders present in person or by proxy shall have the
power to adjourn the meeting, from time to time, without notice (except as required by law) other
than an announcement at the meeting, until a quorum shall be present.
Section 3.11 Election of Directors.
(a) Except as otherwise required by law or by the Articles of Incorporation, a
nominee for director shall be elected to the Board of Directors as provided in this Section
3.11. If as of a date that is fourteen (14) days in advance of the date the Corporation files its
definitive proxy statement (regardless of whether or not thereafter revised or supplemented) with
the Securities and Exchange Commission the number of nominees exceeds the number of directors to be
elected, a nominee shall be elected by the vote of a plurality of the shares represented in person
or by proxy at the meeting and entitled to vote in the election of directors.
(b) In any other election, a nominee shall be elected if the votes cast for that nominee
exceed the votes cast against that nominee. Votes cast against a nominee include votes to withhold
authority with respect to that directors election. Votes cast do not include abstentions and
broker non-votes with respect to that directors election.
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Section 3.12 Statement of Business; General Financial Condition Report. At each of the annual
stockholders meetings, one of the executive officers of the Corporation shall submit a statement
of the business done during the preceding year, together with a report of the general financial
condition of the Corporation.
Section 3.13 Proxies. A stockholder may appoint a proxy to vote for the stockholder by submission
of (i) an appointment form signed by the stockholder or the stockholders attorney-in-fact or (ii)
an electronic or telephonic transmission that contains or is accompanied by information from which
it can be reasonably verified that the transmission was authorized by the stockholder or by the
stockholders attorney-in-fact. An appointment of proxy is effective when an appointment form or
an electronic or telephonic transmission is received by the person authorized to tabulate votes for
the Corporation. The proxy has the same power to vote as that possessed by the stockholder, unless
the appointment form or electronic or telephonic transmission contains an express limitation on the
power to vote or direction as to how to vote the shares on a particular matter, in which event, the
Corporation must tabulate the votes in a manner consistent with that limitation or direction.
ARTICLE 4
Directors
Section 4.1 Number of Directors. The business and affairs of the Corporation shall be managed by
or under the direction of a Board consisting of such number of Directors as is determined from time
to time in accordance with the provisions of the Articles of Incorporation and Bylaws of the
Corporation.
Section 4.2 Qualification. Each Director upon election shall qualify by fulfilling any
prerequisite to qualification that may be set forth in the Articles of Incorporation of the
Corporation.
Section 4.3 Chairman of the Board. The Board of Directors shall elect one Director to serve as
Chairman of the Board. The Chairman of the Board shall preside at all meetings of the Directors at
which the Chairman of the Board is present. If the Chairman of the Board is absent or unable to
act at any such meeting, the Chief Executive Officer shall preside as Chairman. If the Chief
Executive Officer is absent or unable to act, the Board of Directors shall select another Director
to preside at such meeting. The removal of the Chairman of the Board on or before August 12, 2008
shall require a vote of more than two-thirds of the entire Board of Directors.
Section 4.4 Special Meetings. Special meetings of the Board of Directors may be called at any time
or place by the Chairman of the Board, the Chief Executive Officer or the President, and in the
absence or inability of any of them to act, by a Vice President, and may also be called by any two
members of the Board. By unanimous consent of the Directors, special meetings of the Board of
Directors may be held without notice, at any time and place.
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Section 4.5 Notice of Meetings. Notice of all regular and special meetings of the Board
of Directors, the Executive Committee, or any committee established pursuant to Section 4.11 (an
Other Committee) shall be provided to each Director or member of such committee, as the
case may be, by the Secretary or an Assistant Secretary or by the Chairman of the Board, or, in the
case of the Executive Committee or Other Committee, by the secretary or the chairperson of the
committee, by a means reasonably calculated to be received at least two (2) days before the time
fixed for such meeting; except that notice of special meetings of the Board of Directors, the
Executive Committee or any Other Committee may be given by telephone, telex, facsimile or
electronic transmission to each Director or member of such committee, as the case may be, at least
twenty-four (24) hours before the time fixed for such meeting, or on such shorter notice as the
person or persons calling the meeting may reasonably deem necessary or appropriate under the
circumstances. Participation by Directors in any regular or special meeting of the Board of
Directors shall be in person unless otherwise provided in the notice of the meeting or otherwise
determined by the Chairman of the Board or the Board of Directors, in which case, participation by
means of conference telephone or other communications equipment which allows all persons
participating in such meeting to hear each other shall constitute presence in person at such
meeting.
Section 4.6 Quorum. Except as otherwise provided in the Articles of Incorporation of the
Corporation, a quorum for the transaction of business at any meeting of the Board of Directors or
any committee of the Board of Directors shall consist of a majority of the members of the Board of
Directors or of such committee, but the Directors present, although less than a quorum, shall have
the power to adjourn the meeting from time to time or to some future date to the extent not
prohibited by law.
Section 4.7 Officer Appointments and Compensation. At least annually, the Directors shall elect the
officers of the Corporation and shall fix the salary of the Chief Executive Officer and the other
principal executive officers of the Corporation.
Section 4.8 Advisors and Employees of the Board. The Board of Directors from time to time, as they
may deem proper, shall have authority to appoint a general manager, counsel or attorneys and other
employees for such length of time and upon such terms and conditions and at such salaries as they
may deem necessary and/or advisable.
Section 4.9 Board Compensation. The members of the Board of Directors shall receive compensation
for their services as determined by the Board of Directors in such amount as may be reasonable and
proper and consistent with the time and service rendered. The members of the Board of Directors
shall receive the reasonable expenses necessarily incurred in the attendance of meetings and in the
transaction of business for the Corporation.
Section 4.10 Executive Committee. The Chief Executive Officer of the Corporation, together with no
more than five additional Directors, shall constitute an Executive Committee of the Board of
Directors. The Executive Committee
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between regular meetings of the Board of Directors shall manage
the business and property of the Corporation and shall have the same power and authority as the
Board of Directors; except that the Executive Committee
shall not act (other than to make
recommendations) in those cases where it is provided by law, the Articles of Incorporation of the
Corporation or the Bylaws that any vote or action in order to bind the Corporation shall be taken
by the Board of Directors.
Section 4.11 Committees and Subcommittees. The Board of Directors may form any committee in
addition to the Executive Committee described in Section 4.10. Any committee, including the
Executive Committee, may form a subcommittee. Any committee or subcommittee so formed, to the
extent provided in the resolution of the Board of Directors or committee by which it was formed or
in the Bylaws or pursuant to the statutes of Kansas, shall have and may exercise all the powers and
authority of the Board of Directors. Participation by Directors in any committee or subcommittee
meeting, including the Executive Committee meetings, shall be in person unless otherwise provided
in the notice of the meeting or otherwise determined by the committee or subcommittee chairperson,
in which case participation by means of conference
telephone or other communications equipment which allows all persons participating in the meeting
to hear each other shall constitute presence in person at such meeting. Each committee and
subcommittee, including the Executive Committee, shall keep a record of its proceedings.
Section 4.12 Resignation. Any director may resign at any time by giving notice of his or her
resignation in writing or by electronic transmission to the Chairman of the Board with a copy to
the Secretary. A resignation is effective when the resignation is delivered unless the resignation
specifies a later effective date or an effective date determined upon the happening of an event or
events.
ARTICLE 5
Officers
Section 5.1 Number and Qualifications. The officers of this Corporation shall include a Chairman of
the Board, a Chief Executive Officer, a President, as many Vice Presidents as the Board of
Directors may from time to time deem advisable and one or more of which may be designated Executive
Vice President or Senior Vice President, a Secretary, a Treasurer, such Assistant Secretaries and
Assistant Treasurers as the Board of Directors may from time to time deem advisable, and such other
officers as the Board of Directors may from time to time deem advisable and designate. Any number
of offices may be held by the same person, unless otherwise prohibited by law, the Articles of
Incorporation of the Corporation or the Bylaws.
Section 5.2 Chief Executive Officer. The Chief Executive Officer shall be a member of the Board of
Directors and shall be an officer of the Corporation. Except for matters requiring Board
authorization, the Chief Executive Officer shall have ultimate decision-making authority and shall
have the general power and authority
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to supervise, coordinate and manage the business and
activities of the Corporation, with such general executive powers and duties of supervision and
management as are usually vested in such offices. The officers of the Corporation with primary
authority for all corporate matters shall report to the Chief Executive Officer. The Chief
Executive Officer shall report directly to the Board of Directors.
Section 5.3 President. A President shall have all the power and authority usually enjoyed by a
person holding the office of President. In case of the incapacity of the Chief Executive Officer
or upon vacancy in the office of the Chief Executive Officer, the President shall have the right
and power to perform all duties and exercise all authority of the Chief Executive Officer.
Section 5.4 Vice President. A Vice President shall have all the power and authority usually enjoyed
by a person holding the office of Vice President. In case of the incapacity of the President or
upon vacancy in the office of the President, a Vice President, as designated by the Chairman of the
Board, shall have the right and power to perform all duties and exercise all authority of the
President.
Section 5.5 Secretary. The Secretary shall oversee the issuance of notices of all Directors and
stockholders meetings, and shall attend as appropriate and oversee the preparation and retention
of the minutes of the same; shall have charge of all corporate books, records and papers; shall be
custodian of the corporate seal; may attest with his or her signature, which may be a facsimile
signature if authorized by the Board of Directors, and may impress with the corporate seal all
written contracts of the Corporation; and shall perform all other duties as are incident to the
office. Any Assistant Secretary may perform all duties of the Secretary and such other duties as
may be required.
Section 5.6 Treasurer. The Treasurer shall have custody of all money and securities of the
Corporation and shall, along with the chief financial officer, controller or appropriate officer of
finance, keep regular books of account and shall submit them to the Directors for their
examination and approval annually; and semi-annually, or when directed by the Board of Directors,
the Treasurer, along with the chief financial officer, controller or appropriate officer of
finance, shall submit to each Director a statement of the condition of the business and accounts of
the Corporation; and shall perform all such other duties as are incident to the office. Any
Assistant Treasurer may perform all the duties of the Treasurer and such other duties as may be
required.
Section 5.7 Bonds of Officers. Any officer or employee of the Corporation shall give such bond for
the faithful performance of his or her duties in such sum, as and when the Board of Directors may
direct.
ARTICLE 6
Indemnification
Section 6.1 Actions Other Than Those by or in the Right of the Corporation. The Corporation shall
indemnify any person who was or is a party or
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is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the Corporation) by reason of the fact
that such person is or was a Director, officer or employee of the Corporation, or is or was serving
at the request of the Corporation as a director, officer or employee of any other enterprise,
against expenses (including attorneys fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action, suit or proceeding
if such person acted in good faith and in a manner such person reasonably believed to be in or not
opposed to the best interests of the Corporation (or such other corporation or organization), and,
with respect to any criminal action or proceeding, had no reasonable cause to believe such persons
conduct was unlawful. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that the person did not act in good faith and in a manner which such person
reasonably believed to be in or not opposed to the best interests of the Corporation, and, with
respect to any criminal action or proceeding, had reasonable cause to believe that such persons
conduct was unlawful.
Section 6.2 Action by or in the Right of the Corporation. The Corporation shall indemnify any
person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the Corporation to procure a judgment in its favor
by reason of the fact that such person is or was a Director, officer or employee of the
Corporation, or is or was serving at the request of the Corporation as a director, officer or
employee of any other enterprise, against expenses (including attorneys fees) actually and
reasonably incurred by such person in connection with the defense or settlement of such action or
suit if such person acted in good faith and in a manner such person reasonably believed to be in or
not opposed to the best interests of the Corporation (or such other corporation or organization)
and except that no indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the Corporation (or such other
corporation or organization) unless and only to the extent that the court in which such action or
suit was brought shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses which such court shall deem proper.
Section 6.3 Successful Defense of Action. Notwithstanding, and without limitation of, any other
provision of this Article 6, to the extent that a Director, officer or employee of the Corporation
has been successful on the merits or otherwise in defense of any action, suit or proceeding
referred to in Section 6.1 or 6.2, or in defense of any claim, issue or matter therein, such
Director, officer or employee shall be indemnified against expenses (including attorneys fees)
actually and reasonably incurred by such person in connection therewith.
Section 6.4 Determination Required. Any indemnification under Section 6.1 or 6.2
(unless ordered by a court) shall be made by the Corporation only as
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authorized in the specific
case upon a determination that indemnification of the Director, officer or employee is proper in
the circumstances because such Director, officer or employee has met the applicable standard of
conduct set forth in said paragraph. Such determination shall be made (i) by a majority vote of a
quorum consisting of Directors who were not parties to the action, suit or proceeding, (ii) if a
quorum of disinterested Directors is not obtainable, or, even if obtainable, if a quorum of
disinterested Directors so directs, by independent legal counsel in a written opinion, or (iii) by
the stockholders.
Section 6.5 Advance of Expenses. Expenses incurred in defending a civil or criminal action, suit
or proceeding may be paid by the Corporation in advance of the final disposition of such action,
suit or proceeding upon receipt of a satisfactory undertaking by or on behalf of the Director,
officer or employee to repay such amount if it shall ultimately be determined that such person is
not entitled to be indemnified by the Corporation as authorized in this Article 6.
Section 6.6 Insurance. The Corporation may purchase and maintain insurance on behalf of any person
who is or was a Director, officer or employee of the Corporation, or is or was serving at the
request of the Corporation as a director, officer or employee of any other enterprise against any
liability asserted against such person and incurred by such person in any such capacity, or arising
out of such persons status as such, whether or not the Corporation would have the power to
indemnify the person against such liability under the provisions of this Article 6. The risks
insured under any insurance policies purchased and maintained on behalf of any person as aforesaid
or on behalf of the Corporation shall not be limited in any way by the terms of this Article 6 and
to the extent compatible with the provisions of such policies, the risks insured shall extend to
the fullest extent permitted by law, common or statutory.
Section 6.7 Nonexclusivity; Duration. The indemnifications and rights provided by, or granted
pursuant to, this Article 6 shall not be deemed exclusive of any other indemnifications, rights or
limitations of liability to which any person may be entitled under any Bylaw, agreement, vote of
stockholders or disinterested Directors, or otherwise, either as to action in such persons
official capacity or as to action in another capacity while holding office, and they shall continue
although such person has ceased to be a Director, officer or employee of the Corporation or ceased
to be serving at the request of the Corporation as a director, officer or employee of any other
enterprise and shall inure to the benefit of such persons heirs, executors and administrators. The
authorization to purchase and maintain insurance set forth in Section 6.6 shall likewise not be
deemed exclusive.
Section 6.8 Vesting of Rights. The rights granted by this Article 6 are vested in each person
entitled to indemnification as a bargained-for, contractual condition of the persons serving or
having served as a director, officer or employee of the Corporation or serving or having served at
the request of the Corporation as a director, officer or employee of any other enterprise and,
while this Article 6 may be amended or repealed, no amendment or repeal may release, terminate or
adversely affect the rights of any person under this Article 6 with respect to any act
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taken or the
failure to take any act by any person before the amendment or repeal or with respect to any action,
suit or proceeding with respect to such act or failure to act filed after the amendment or repeal.
Section 6.9 Definitions. For purposes of this Article 6, references to:
(1) other enterprises or other enterprise includes, without limitation, any other
corporation, limited liability company, partnership, joint venture, trust or employee benefit
plan;
(2) director, officer or employee of any other enterprise includes, without
limitation, any person performing similar functions or fiduciary functions with respect to
any other enterprise, whether incorporated or unincorporated;
(3) fines includes any excise taxes assessed against a person with respect to an
employee benefit plan;
(4) serving at the request of the Corporation includes any service as a director,
officer or employee which imposes duties on, or involves services by, the director, officer
or employee with respect to an employee benefit plan, its participants or beneficiaries
(including, without limitation, serving as an agent or trustee for an employee benefit plan,
serving as a member of an employee benefit plan committee or serving in any other fiduciary
capacity with respect to an employee benefit plan); and a person who acted in good faith and
in a manner the person reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan is considered to have acted in a manner not
opposed to the best interests of the Corporation as referred to in this Article 6.
Section 6.10 Severability. If any provision of this Article 6 or the application of any provision
of this Article 6 to any person or circumstance is held invalid, illegal or unenforceable for any
reason, the remaining provisions of this Article 6 and the application of the provisions to other
persons or circumstances will not be affected thereby and, to the fullest extent possible, the
court finding any provision invalid, illegal or unenforceable is directed to modify and construe
the provision so as to render it valid and enforceable as against all persons or entities and to
give the maximum possible protection to persons subject to indemnification within the bounds of
validity, legality and enforceability. Without limiting the generality of the foregoing, if any
director, officer or employee of the Corporation, or any person who is or was serving at the
request of the Corporation as a director, officer or employee of any other enterprise, is entitled
under any provision of this Article 6 to indemnification by the Corporation for some or a portion
of the judgments, amounts paid in settlement, attorneys fees, excise taxes or penalties, fines or
other expenses actually and reasonably incurred by the person in connection with any threatened,
pending or completed action, suit or proceeding (including, without limitation, the investigation,
defense, settlement or appeal of any action, suit or proceeding), whether civil, criminal,
administrative, investigative
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or appellate, but not, for the total amount, the Corporation will
indemnify the person for the portion to which the person is entitled.
ARTICLE 7
Amendments
Except as otherwise provided in the Articles of Incorporation of the Corporation, the Bylaws may be
amended, altered or repealed either by the Board of Directors or in such other manner as may from
time to time be authorized by the laws of the State of Kansas; except that the Board of Directors
may only amend, alter or repeal, or adopt new Bylaw provisions that conflict with: (i) any
provision of the Bylaws that at that time requires the vote of more than two-thirds of the entire
Board of Directors for action to be taken thereunder or (ii) this proviso to Article 7, in any such
case by a resolution adopted by a vote of more than two-thirds of the entire Board of Directors.
ARTICLE 8
Corporate Seal
The corporate seal of this Corporation shall have inscribed thereon the name of the Corporation and
its state of incorporation and the words, SealIncorporated 1938.
ARTICLE 9
Fiscal Year
The Corporations fiscal year shall coincide with the calendar year.
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