This excerpt taken from the MPB DEF 14A filed Mar 27, 2009.
Accordingly, the Board of Directors has approved and is submitting for approval and adoption by the shareholders the following resolution:
Resolved, that Article 7 of the Amended and Restated Articles of Incorporation be further amended and restated in its entirety to read as follows:
Notwithstanding the foregoing, the provisions of this Article 7 shall not apply to a merger pursuant to which the Corporation is the surviving entity if such transaction has received the prior approval of at least eighty percent (80%) of all of the members of the Board of Directors.
This excerpt taken from the MPB DEF 14A filed Mar 24, 2008.
That the shareholders of MID PENN BANCORP request its Board of Directors to take the steps necessary to eliminate classification of terms of the Board of Directors to require that all Directors stand for election annually. The Board declassification shall be completed in a manner that does not affect the unexpired terms of the previously-elected Directors.