KFED » Topics » Section 14. Removal of Directors.

This excerpt taken from the KFED 8-K filed Oct 29, 2008.
Section 14.  Removal of Directors.  At a meeting of shareholders called expressly for that purpose, any director may be removed only for cause by a vote of the holders of a majority of the shares then entitled to vote at an election of directors.  Whenever the holders of the shares of any class are enti­tled to elect one or more directors by the provisions of the charter or supplemental sections thereto, the provisions of this section shall apply, in respect to the removal of a director or directors so elected, to the vote of the holders of the outstand­ing shares of that class and not to the vote of the outstanding shares as a whole.

                                      ARTICLE IV

                                                EXECUTIVE AND OTHER COMMITTEES

This excerpt taken from the KFED 8-K filed Feb 28, 2006.
Section 14. Removal of Directors. At a meeting of shareholders called expressly for that purpose, any director may be removed only for cause by a vote of the holders of a majority of the shares then entitled to vote at an election of directors. Whenever the holders of the shares of any class are entitled to elect one or more directors by the provisions of the charter or supplemental sections thereto, the provisions of this section shall apply, in respect to the removal of a director or directors so elected, to the vote of the holders of the outstanding shares of that class and not to the vote of the outstanding shares as a whole.

 

 

ARTICLE IV

 

 

EXECUTIVE AND OTHER COMMITTEES

 

EXCERPTS ON THIS PAGE:

8-K
Oct 29, 2008
8-K
Feb 28, 2006
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