Initial Public Offering (IPO): Pre-Effective Amendment to Registration Statement (General Form) — Form S-1 Filing Table of Contents
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1: S-1/A Form S-1 Amendment No. 7 HTML 72K
2: EX-3.2 Articles of Incorporation/Organization or By-Laws HTML 29K
3: EX-3.4 Articles of Incorporation/Organization or By-Laws HTML 87K
4: EX-4.1 Instrument Defining the Rights of Security Holders HTML 19K
5: EX-10.11 Material Contract HTML 167K
6: EX-10.14 Material Contract HTML 183K
7: EX-10.15 Material Contract HTML 126K
EX-3.4 — Articles of Incorporation/Organization or By-Laws
FOURTH AMENDED AND RESTATED BYLAWS
OF
SOURCEFIRE, INC.
(A Delaware Corporation)
ARTICLE 1 — Stockholders
1.1 Place of Meetings. All meetings of stockholders shall be held at such place
within or without the State of Delaware as may be designated from time to time by the Board of
Directors or the Chief Executive Officer, or if no Chief Executive Officer, by the President or, if
not so designated, at the registered office of Sourcefire, Inc. (the “Corporation”).
1.2 Annual Meeting. The annual meeting of stockholders for the election of directors
and for the transaction of such other business as may properly be brought before the meeting shall
be held at such date, time and place as may be fixed by the Board of Directors or the Chief
Executive Officer, or if no Chief Executive Officer, by the President. If this date shall fall
upon a legal holiday at the place of the meeting, then such meeting shall be held on the next
succeeding business day at the same hour. If no annual meeting is held in accordance with the
foregoing provisions, the Board of Directors shall cause the meeting to be held as soon thereafter
as convenient. If no annual meeting is held in accordance with the foregoing provisions, a special
meeting may be held in lieu of the annual meeting, and any action taken at that special meeting
shall have the same effect as if it had been taken at the annual meeting, and in such case all
references in these Bylaws to the annual meeting of the stockholders shall be deemed to refer to
such special meeting.
1.3 Special Meetings. Except as otherwise required by law, special meetings of the
stockholders may be called only in accordance with the provisions of the Corporation’s Certificate
of Incorporation as amended from time to time in the manner set forth therein and in the General
Corporation Law of the State of Delaware (the “DGCL”). Business transacted at any special meeting
of stockholders shall be limited to matters relating to the purpose or purposes stated in the
notice of meeting.
1.4 Notice of Meetings.
(a) Except as otherwise provided by law or the Certificate of Incorporation, written notice
of each meeting of stockholders, specifying the place, if any, date and hour and purpose or
purposes of the meeting, and the means of remote communication, if any, by which stockholders and
proxyholders may be deemed to be present in person and vote at such meeting, shall be given not
less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder
entitled to vote thereat, directed to his address as it appears upon the books of the Corporation.
(b) If at any meeting action is proposed to be taken which, if taken, would entitle
stockholders fulfilling the requirements of section 262(d) of the DGCL to an appraisal of the fair
value of their shares, the notice of such meeting shall contain a statement of that purpose and to
that effect and shall be accompanied by a copy of that statutory section.
(c) Notice of the time, place and purpose of any meeting of stockholders may be waived in
writing, either before or after such meeting, and, to the extent permitted by law, will be waived
by any stockholder by his attendance thereat, in person or by proxy. Any stockholder so waiving
notice of such meeting shall be bound by the proceedings of any such meeting in all respects as if
due notice thereof had been given.
(d) Without limiting the manner by which notice otherwise may be given effectively to
stockholders, any notice to stockholders given by the Corporation under any provision of DGCL, the
Certificate of Incorporation, or these Bylaws shall be effective if given, either by a form of
electronic transmission consented to by the stockholder to whom the notice is given, or by mail.
Any such consent shall be revocable by the stockholder by written notice to the Corporation. Any
such consent shall be deemed revoked if (i) the Corporation is unable to deliver by electronic
transmission two consecutive notices given by the Corporation in accordance with such consent, and
(ii) such inability becomes known to the Secretary or an Assistant Secretary of the Corporation or
to the transfer agent or other person responsible for the giving of notice; provided, however, the
inadvertent failure to treat such inability as a revocation shall not invalidate any meeting or
other action. Notice given pursuant to this subparagraph (d) shall be deemed given: (1) if by
facsimile telecommunication, when directed to a number at which the stockholder has consented to
receive notice; (2) if by electronic mail, when directed to an electronic mail address at which the
stockholder has consented to receive notice; (3) if by a posting on an electronic network together
with separate notice to the stockholder of such specific posting, upon the later of (A) such
posting and (B) the giving of such separate notice; and (4) if by any other form of electronic
transmission, when directed to the stockholder. An affidavit of the Secretary or an Assistant
Secretary or of the transfer agent or other agent of the Corporation that the notice has been given
by a form of electronic transmission shall, in the absence of fraud, be prima facie evidence of the
facts stated therein. For purposes of these Bylaws, “electronic transmission” means any form of
communication, not directly involving the physical transmission of paper, that creates a record
that may be retained, retrieved and reviewed by a recipient thereof, and that may be directly
reproduced in paper form by such a recipient through an automated process. If mailed, notice is
given three (3) days after deposited in the United States mail, postage prepaid, directed to the
stockholder at his address as it appears on the records of the Corporation.
1.5 Voting List. The officer who has charge of the stock ledger of the Corporation
shall prepare, at least ten (10) days before every meeting of stockholders, a complete list of the
stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the
address of each stockholder and the number of shares registered in the name of each stockholder.
Such list shall be open to the examination of any stockholder, for any purpose germane to the
meeting, during ordinary business hours, for a period of at least ten (10) days prior to the
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meeting, at a place within the city where the meeting is to be held. The list shall also be
produced and kept at the time and place of the meeting during the whole time of the meeting, and
may be inspected by any stockholder who is present.
1.6 Quorum. Except as otherwise provided by law, the Certificate of Incorporation or
these Bylaws, the holders of a majority of the outstanding shares of capital stock entitled to
vote, present in person or represented by proxy, shall constitute a quorum of all meetings of the
stockholders. Abstentions and broker non-votes are counted as present and entitled to vote for
purposes of determining a quorum. When a specified item of business requires a vote by a class or
series (if the Corporation shall then have outstanding shares of more than one class or series)
voting as a class, the holders of a majority of the shares of such class or series shall constitute
a quorum (as to such class or series) for the transaction of such item of business.
1.7 Adjournments. Any meeting of stockholders may be adjourned to any other time and
to any other place at which a meeting of stockholders may be held under these Bylaws by a majority
of the stockholders present or represented at the meeting and entitled to vote, although less than
a quorum, or by any officer entitled to preside at or to act as Secretary of such meeting. When a
meeting is adjourned to another time or place, notice need not be given of the adjourned meeting if
the time, place, if any, thereof, and the means of remote communication, if any, by which
stockholders and proxyholders may be deemed to be present in person and vote at such adjourned
meeting, are announced at the meeting at which the adjournment is taken unless the adjournment is
for more than thirty (30) days, or unless after the adjournment a new record date is fixed for the
adjourned meeting, in which event a notice of the adjourned meeting shall be given to each
stockholder of record entitled to vote at the meeting.
1.8 Voting and Proxies. Each stockholder shall have one (1) vote for each share of
stock entitled to vote held of record by such stockholder and a proportionate vote for each
fractional share so held, unless otherwise provided in the Certificate of Incorporation. There
shall be no cumulative voting. Each stockholder of record entitled to vote at a meeting of
stockholders, or to express consent or dissent to corporate action by written proxy, may vote or
express such consent or dissent in person or may authorize another person or persons to vote or act
for him by written proxy executed by the stockholder or his authorized agent and delivered to the
Secretary of the Corporation. No such proxy shall be voted or acted upon after three (3) years
from the date of its execution, unless the proxy expressly provides for a longer period.
1.9 Action at Meeting. When a quorum is present at any meeting, the holders of a
majority of the stock present or represented and voting on a matter (or if there are two (2) or
more classes of stock entitled to vote as separate classes, then in the case of each such class,
the holders of a majority of the stock of that class present or represented and voting on a matter)
shall decide any matter to be voted upon by the stockholders at such meeting, except when a
different vote is required by express provision of law, the Certificate of Incorporation or these
Bylaws. Any election by stockholders shall be determined by a plurality of the votes cast by the
stockholders entitled to vote at the election.
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1.10 Action without Meeting. Any action required to be taken at any annual or special
meeting of stockholders, or any action that may be taken at any annual or special meeting of such
stockholders, shall be effected at a duly called annual or special meeting of the stockholders of
the Corporation and may not be effected by any consent in writing by such stockholders.
1.11 Stockholder Proposals at Annual Meetings.
(a) At an 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 specified in the notice of meeting (or any supplement thereto) given by or at the
direction of the Board of Directors, otherwise properly brought before the meeting by or at the
direction of the Board of Directors, or otherwise properly brought before the meeting by a
stockholder. In addition to any other applicable requirements for business to be properly brought
before an annual meeting by a stockholder, the stockholder must have given timely notice thereof in
writing to the Secretary of the Corporation. To be timely a stockholder’s notice must be delivered
to or mailed and received at the principal executive offices of the Corporation not less than
forty-five (45) days nor more than seventy-five (75) days prior to the date on which the
Corporation first mailed its proxy materials for the previous year’s annual meeting of stockholders
(or the date on which the Corporation mails its proxy materials for the current year if during the
prior year the Corporation did not hold an annual meeting or if the date of the annual meeting was
changed more than thirty (30) days from the prior year). A stockholder’s notice to the Secretary
shall set forth as to each matter the stockholder proposes to bring before the annual meeting (i) a
brief description of the business desired to be brought before the annual meeting and the reasons
for conducting such business at the annual meeting, (ii) the name and record address of the
stockholder proposing such business, (iii) the class and number of shares of the Corporation which
are beneficially owned by the stockholder, and (iv) any material interest of the stockholder in
such business.
(b) Notwithstanding anything in the Bylaws to the contrary, no business shall be
conducted at the annual meeting except in accordance with the procedures set forth in this Section
1.11, provided, however, that nothing in this Section 1.11 shall be deemed to preclude discussion
by any stockholder of any business properly brought before the annual meeting in accordance with
said procedure.
(c) The chairman 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
provisions of this Section 1.11, and if he should so determine he shall so declare to the meeting,
and any such business not properly brought before the meeting shall not be transacted.
(d) Nothing in this Section 1.11 shall affect the right of a stockholder to request inclusion
of a proposal in the Corporation’s proxy statement to the extent that such right is provided by an
applicable rule of the Securities and Exchange Commission.
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ARTICLE 2 — Directors
2.1 General Powers. The business and affairs of the Corporation shall be managed by
or under the direction of a Board of Directors, who may exercise all of the powers of the
Corporation except as otherwise provided by law, the Certificate of Incorporation or these Bylaws.
In the event of a vacancy in the Board of Directors, the remaining directors, except as otherwise
provided by law, may exercise the powers of the full Board until the vacancy is filled.
2.2 Number, Classes and Term of Office.
(a) Unless otherwise stated in the Certificate of Incorporation, the number of directors
which shall constitute the whole Board of Directors shall not be less than one (1). The number of
directors may be increased or decreased at any time and from time to time either by the holders of
a majority of the Corporation’s Common Stock or by a majority of the directors then in office. No
director of the Corporation need be a stockholder of the Corporation.
(b) The directors shall be divided into three (3) classes designated as Class A, Class B and
Class C, respectively. Directors shall be initially assigned to each class in accordance with a
resolution or resolutions adopted by the Board of Directors. At the first annual meeting of
stockholders following the date hereof, the term of office of the Class A Directors shall expire
and Class A Directors shall be elected for a full term of three years. At the second annual
meeting of stockholders following the date hereof, the term of office of the Class B Directors
shall expire and Class B Directors shall be elected for a full term of three years. At the third
annual meeting of stockholders following the date hereof, the term of office of the Class C
Directors shall expire and Class C Directors shall be elected for a full term of three years. At
each succeeding annual meeting of stockholders, directors shall be elected for a full term of three
years to succeed the directors of the class whose terms expire at such annual meeting.
Notwithstanding provisions of this Article, each director shall serve until his successor is duly
elected and qualified or until his or her earlier death, resignation or removal. No decrease in
the number of directors constituting the Board of Directors shall shorten the term of any incumbent
director.
2.3 Nomination, Election and Qualification. In addition to any other applicable
requirements, only persons who are nominated in accordance with the following procedures shall be
eligible for election as directors. Nominations of persons for election to the Board of Directors
of the Corporation may be made at a meeting of stockholders by or at the direction of the Board of
Directors, by any nominating committee or person appointed by the Board of Directors or by any
stockholder of the Corporation entitled to vote for the election of directors at
the meeting who complies with the notice procedures set forth in this Section 2.3. Such
nominations, other than those made by or at the direction of the Board of Directors, shall be made
pursuant to timely notice in writing to the Secretary of the Corporation. To be timely, a
stockholder’s notice must be delivered to or mailed and received at the principal executive offices
of the Corporation, not less than forty-five (45) days nor more than seventy-five (75) days prior
to the date on which the Corporation first mailed its proxy materials for the previous
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year’s annual meeting of stockholders (or the date on which the Corporation mails its proxy materials for
the current year if during the prior year the Corporation did not hold an annual meeting or if the
date of the annual meeting was changed more than thirty (30) days from the prior year). Such
stockholder’s notice shall set forth (a) 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 occupation or employment of the person, (iii)
the class and number of shares of stock of the Corporation which are beneficially owned by the
person, and (iv) any other information relating to the person that is required to be disclosed in
solicitations for proxies for election of directors pursuant to Rule 14a under the Securities
Exchange Act of 1934; and (b) as to the stockholder giving the notice, (i) the name and record
address of the stockholder, and (ii) the class and number of shares of stock of the Corporation
which are beneficially owned by the stockholder. 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 a director of the Corporation. No person shall be
eligible for election as a director of the Corporation unless nominated in accordance with the
procedures set forth herein. These provisions shall not apply to nomination of any persons
entitled to be separately elected by holders of preferred stock. The chairman of the meeting
shall, if the facts warrant, determine and declare to the meeting that a nomination was not made in
accordance with the foregoing procedure, and if he should so determine, he shall so declare to the
meeting and the defective nomination shall be disregarded.
2.4 Vacancies. Vacancies and newly created directorships resulting from any increase
in the total number of directors established by the board pursuant to Section 2.2 hereto may be
filled only by the affirmative vote of the majority of the total number of directors then in
office, though less than a quorum, or by a sole remaining director. Any director elected to fill a
vacancy resulting from an increase in the number of directors shall hold office for a term expiring
at the succeeding annual meeting of stockholders and until such director’s successor shall have
been duly elected and qualified. A director elected to fill a vacancy not resulting from an
increase in the number of directors shall have the same remaining term as that of his or her
predecessor. Each director so chosen shall hold office until a successor is duly elected and
qualified or until his or her earlier death, resignation or removal is herein provided. Whenever
holders of any class or classes of capital stock or series thereof are entitled by the provisions
of the Certificate of Incorporation to elect one or more directors, vacancies of directorships
pertaining to such class or classes or series may only be filled by the affirmative vote of the
majority of the total number of directors elected by such class or classes of series thereof then
in office, or by a sole remaining director so elected. If no such directors or director remains,
then the vacancy or vacancies of directorships pertaining to such class or classes or series shall be filled by the affirmative vote
of the majority of the total number of directors the in office, or by a sole remaining director.
2.5 Resignation. Any director may resign by delivering his written resignation to the
Corporation at its principal office or to the Chief Executive Officer, President or Secretary.
Such resignation shall be effective upon receipt unless it is specified to be effective at some
other time or upon the happening of some other event.
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2.6 Regular Meetings. Provided that meetings are held at least once during each of
the Corporation’s fiscal quarters, regular meetings of the Board of Directors may be held without
notice at such time and place, either within or not in the State of Delaware, as shall be
determined from time to time by the Board of Directors; provided that any director who is absent
when such a determination is made shall be given notice of the determination. A regular meeting of
the Board of Directors may be held without notice immediately after and at the same place as the
annual meeting of stockholders.
2.7 Special Meetings. Special meetings of the Board of Directors may be held at any
time and place, within or not in the State of Delaware, designated in a call by any member of the
Board of Directors, by the Chairman of the Board or by the Chief Executive Officer of the
Corporation.
2.8 Notice of Special Meetings. Notice of any special meeting of the Board
of Directors shall be given to each director by the Secretary or by the officer or the director
calling the meeting. Notice shall be duly given to each director (i) by giving notice to such
director in person or by telephone at least twenty-four (24) hours in advance of the meeting, (ii)
by sending a facsimile, telegram or telex, or delivering written notice by hand, or delivering
notice by other electronic means, to his last known business or home address at least twenty-four
(24) hours in advance of the meeting, or (iii) by delivering written notice to his last known
business or home address at least seventy-two (72) hours in advance of the meeting by a nationally
recognized overnight service (receipt requested). A notice or waiver of notice of a meeting of the
Board of Directors need not specify the purposes of the meeting.
2.9 Meetings by Telephone Conference Calls. Directors or any members of any committee
designated by the Board of Directors may participate in a meeting of the Board of Directors or such
committee by means of conference telephone or similar communications equipment by means of which
all persons participating in the meeting can hear each other, and participation by such means shall
constitute presence in person at such meeting.
2.10 Quorum. A majority of the total number of the whole Board of Directors shall
constitute a quorum at all meetings of the Board of Directors. In the event one or more of the
directors shall be disqualified to vote at any meeting, then the required quorum shall be reduced
by one for each such director so disqualified; provided, however, that in no case shall less than
one-third (1/3) of the number so fixed constitute a quorum. In the absence of a quorum at any
such meeting, a majority of the directors present may adjourn the meeting from time to time without
further notice other than announcement at the meeting, until a quorum shall be present.
2.11 Action at Meeting. At any meeting of the Board of Directors at which a quorum is
present, the vote of a majority of those present shall be sufficient to take any action, unless a
different vote is specified by law, the Certificate of Incorporation or these Bylaws.
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2.12 Action by Consent. Any action required or permitted to be taken at any meeting
of the Board of Directors or of any committee of the Board of Directors may be taken without a
meeting, if all members of the Board or committee, as the case may be, consent to the action in
writing or by electronic transmission and the writing or writings or electronic transmission or
transmissions are filed with the minutes of proceedings of the Board of Directors, or committee.
2.13 Removal. Subject to the rights of the holders of any series of Preferred Stock
then outstanding, any director, or the entire Board of Directors, may be removed from office at any
time, but only for cause and only by the affirmative vote of the holders of at least two-thirds
(2/3) of the voting power of all of the then-outstanding shares of capital stock of the Corporation
entitled to vote generally in the election of directors, voting together as a single class.
2.14 Committees.
(a) Audit Committee. The Board of Directors shall, by resolution adopted by the
affirmative vote of a majority of the authorized number of directors, designate an Audit Committee
of the Board of Directors, which shall consist of three (3) or more directors, each of whom shall
satisfy the independence requirements of the Nasdaq Stock Market and the U.S. Securities Exchange
Commission, as then in effect and applicable to the Corporation. Subject to the approval of the
Board of Directors, the Audit Committee shall adopt and from time to time assess and revise a
written charter which will specify how the Audit Committee will carry out its responsibilities and
such other matters as the Board of Directors and the Audit Committee determine are necessary or
desirable.
(b) Compensation Committee. The Board of Directors shall, by resolution adopted by
the affirmative vote of a majority of the authorized number of directors, designate a Compensation
Committee of the Board of Directors, which shall consist of three (3) or more directors, each of
whom shall satisfy the independence requirements of the Nasdaq Stock Market and the U.S. Securities
Exchange Commission, as then in effect and applicable to the Corporation. Subject to the approval
of the Board of Directors, the Compensation Committee shall adopt and from time to time assess and
revise a written charter which will specify how the Compensation Committee will carry out its
responsibilities and such other matters as the Board of Directors and the Compensation Committee
determine are necessary or desirable.
(c) Nominating and Governance Committee. The Board of Directors shall, by resolution
adopted by the affirmative vote of a majority of the authorized number of directors,
designate a Nominating and Governance Committee of the Board of Directors, which shall consist of
three (3) or more directors, each of whom shall satisfy the independence requirements of the Nasdaq
Stock Market and the U.S. Securities Exchange Commission, as then in effect and applicable to the
Corporation. Subject to the approval of the Board of Directors, the Nominating and Governance
Committee shall adopt and from time to time assess and revise a written charter which will specify
how the Nominating and Governance Committee will carry out its responsibilities and such other
matters as the Board of Directors and the Nominating and Governance Committee determine are
necessary or desirable.
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(d) Other Committees. The Board of Directors may, by resolution adopted by the
affirmative vote of a majority of the authorized number of directors, designate members of the
Board to constitute such other committees as the Board of Directors may determine. Such committees
shall each consist of one (1) or more of the directors of the Corporation. The Board of Directors
may designate one (1) or more directors as alternate members of any committee, who may replace any
absent or disqualified member at any meeting of the committee. In the absence or disqualification
of a member of a committee, the member or members of the committee present at any meeting and not
disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint
another member of the Board of Directors to act at the meeting in the place of any such absent or
disqualified member. Any such committee, to the extent provided in the resolution of the Board of
Directors and subject to the provisions of the DGCL, shall have and may exercise all the powers and
authority of the Board of Directors in the management of the business and affairs of the
Corporation and may authorize the seal of the Corporation to be affixed to all papers which may
require it. Each such committee shall keep minutes and make such reports as the Board of Directors
may from time to time request. Except as the Board of Directors may otherwise determine, any
committee may make rules for the conduct of its business, but unless otherwise provided by the
directors or in such rules, its business shall be conducted as nearly as possible in the same
manner as is provided in these Bylaws for the Board of Directors.
2.15 Compensation of Directors. Directors may be paid such compensation for their
services as the Board of Directors may from time to time determine and directors shall be
reimbursed for reasonable expenses (including travel expenses) incurred to attend meetings. No
such payment shall preclude any director from serving the Corporation or any of its parent or
subsidiary Corporations in any other capacity and receiving compensation for such service.
Article 3 — Officers
3.1 Enumeration. The officers of the Corporation shall consist of Chief Executive
Officer, a President, a Chief Operating Officer, a Chief Financial Officer, a Treasurer and a
Secretary and such other officers with such other titles as the Board of Directors shall determine,
including a Chairman of the Board, a Vice-Chairman of the Board, and one or more Vice Presidents,
Assistant Treasurers, and Assistant Secretaries. The Board of Directors may appoint such other
officers as it may deem appropriate.
3.2 Election. The Chief Executive Officer, President, Chief Operating Officer, Chief
Financial Officer, Treasurer and Secretary shall be elected as the Corporation’s executive officers
annually by the Board of Directors at its first meeting following the annual meeting of
stockholders. Other officers may be appointed by the Board of Directors at such meeting or at any
other meeting.
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3.3 Qualification. No officer need be a stockholder. Any two (2) or more offices may
be held by the same person.
3.4 Tenure. Except as otherwise provided by law, by the Certificate of Incorporation
or by these Bylaws, each officer shall hold office until his successor is elected and qualified,
unless a different term is specified in the vote choosing or appointing him, or until his earlier
death, resignation or removal.
3.5 Resignation and Removal. Any officer may resign by delivering his written
resignation to the Corporation at its principal office or to the Chief Executive Officer, President
or Secretary. Such resignation shall be effective upon receipt unless it is specified to be
effective at some other time or upon the happening of some other event.
Any officer appointed by Board of Directors may be removed at any time, with or without cause,
by vote of a majority of the entire number of directors then in office.
Except as the Board of Directors may otherwise determine, no officer who resigns or is removed
shall have any right to any compensation as an officer for any period following his resignation or
removal, or any right to damages on account of such removal, whether his compensation be by the
month or by the year or otherwise, unless such compensation is expressly provided in a duly
authorized written agreement with the Corporation.
3.6 Vacancies. The Board of Directors may fill any vacancy occurring in any office
for any reason and may, in its discretion, leave unfilled for such period as it may determine any
offices other than those of the Chief Executive Officer, President, Treasurer and Secretary. Each
such successor shall hold office for the unexpired term of his predecessor and until his successor
is elected and qualified, or until his earlier death, resignation or removal.
3.7 Chairman of the Board and Vice-Chairman of the Board. The Board of Directors may
appoint a Chairman of the Board. If the Board of Directors appoints a Chairman of the Board, he
shall perform such duties and possess such powers as are assigned to him by the Board of Directors.
If the Board of Directors appoints a Vice-Chairman of the Board, he shall, in the absence or
disability of the Chairman of the Board, perform the duties and exercise the powers of the Chairman
of the Board and shall perform such other duties and possess such other powers as may from time to
time be vested in him by the Board of Directors.
3.8 Chief Executive Officer. The Chief Executive Officer shall, subject to the
control of the Board of Directors, have general supervision, direction and control of the business
and the officers of the Corporation. He or she, if a director, shall preside at all meetings of
the stockholders and, in the absence or nonexistence of a Chairman of the Board, at all meetings of
the Board of Directors. He or she shall have the general powers and duties of management usually
vested in the chief executive officer of a corporation, including general supervision, direction
and control of the business and supervision of other officers of the Corporation, and shall have
such other powers as may be prescribed by the Board of Directors or these Bylaws.
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3.9 President. Subject to such supervisory powers as may be given by these Bylaws or
the Board of Directors to the Chairman of the Board or the Chief Executive Officer, if there be
such officers, the President shall, subject to the direction the Chief Executive Officer, have
general charge and supervision of the business of the Corporation. The President shall have such
other powers and perform such other duties as may be prescribed by the Chairman of the Board, the
Chief Executive Officer or the Board of Directors, or as may be provided by these Bylaws.
3.10 Chief Operating Officer. The Chief Operating Officer, subject to the powers of
the Board of Directors, the Chairman of the Board of Directors, the Chief Executive Officer and the
President, shall have general and active management of the business of the Corporation and shall
see that all orders and resolutions of the Board of Directors are carried into effect. The Chief
Operating Officer shall have such other powers and perform such other duties as may be prescribed
by the Chairman of the Board, the Chief Executive Officer, the President or the Board of Directors,
or as may be provided by these Bylaws.
3.11 Chief Financial Officer. The Chief Financial Officer shall, under the direction
of the Chairman of the Board of Directors, the Chief Executive Officer and the President, be
responsible for all financial and accounting matters and for the direction of the offices of
treasurer and controller. The Chief Financial Officer shall have such other powers and perform
such other duties as may be prescribed by the Chairman of the Board, the Chief Executive Officer,
the President or the Board of Directors, or as may be provided in these Bylaws.
3.12 Vice Presidents. Any Vice President shall perform such duties and possess such
powers as the Board of Directors, the Chief Executive Officer, the Chief Operating Officer or the
President may from time to time prescribe. The Board of Directors may assign to any Vice
President the title of Executive Vice President, Senior Vice President or any other title selected
by the Board of Directors.
3.13 Secretary and Assistant Secretaries. The Secretary shall perform such duties and
shall have such powers as the Board of Directors, the Chief Executive Officer or the President may
from time to time prescribe. In addition, the Secretary shall perform such duties and have such
powers as are incident to the office of the secretary, including without limitation the duty and
power to give notices of all meetings of stockholders and special meetings of the Board of
Directors, to attend all meetings of stockholders and the Board of Directors and keep a record of
the proceedings, to maintain a stock ledger and prepare lists of stockholders and their addresses
as required, to be custodian of corporate records and the corporate seal and to affix and attest to
the same on documents.
Any Assistant Secretary shall perform such duties and possess such powers as the Board of
Directors, the Chief Executive Officer, the President or the Secretary may from time to time
prescribe. In the event of the absence, inability or refusal to act of the Secretary, the
Assistant Secretary, (or if there shall be more than one, the Assistant Secretaries in the order
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determined by the Board of Directors) shall perform the duties and exercise the powers of the
Secretary.
In the absence of the Secretary or any Assistant Secretary at any meeting of stockholders or
directors, the person presiding at the meeting shall designate a temporary secretary to keep a
record of the meeting.
3.14 Treasurer and Assistant Treasurers. The Treasurer shall perform such duties and
shall have such powers as may from time to time be assigned to him by the Board of Directors, the
Chief Executive Officer or the President. In addition, the Treasurer shall perform such duties and
have such powers as are incident to the office of treasurer, including without limitation the duty
and power to keep and be responsible for all funds and securities of the Corporation, to deposit
funds of the Corporation in depositories selected in accordance with these Bylaws, to disburse such
funds as ordered by the Board of Directors, to make proper accounts of such funds, and to render as
required by the Board of Directors statements of all such transactions and of the financial
condition of the Corporation.
The Assistant Treasurers shall perform such duties and possess such powers as the Board of
Directors, the President or the Treasurer may from time to time prescribe. In the event of the
absence, inability, or refusal to act of the Treasurer, the Assistant Treasurer, (or if there shall
be more than one, the Assistant Treasurers in the order determined by the Board of Directors) shall
perform the duties and exercise the powers of the Treasurer. In the event of the absence,
inability, or refusal to act of the Treasurer and all Assistant Treasurers, the President or other
officer designated by the Board of Directors shall perform the duties and exercise the powers of
the Treasurer.
3.15 Salaries. Officers of the Corporation shall be entitled to such salaries,
compensation or reimbursement as shall be fixed or allowed from time to time by the Board of
Directors or the Compensation Committee as delegated by the Board of Directors and permitted by the
charter of the Compensation Committee.
ARTICLE 4 — Capital Stock
4.1 Issuance of Stock. Subject to certain provisions of the Certificate of
Incorporation, the whole or any part of any unissued balance of the authorized capital stock of the
Corporation or the whole or any part of any unissued balance of the authorized capital stock of the
Corporation held in its treasury may be issued, sold, transferred or otherwise disposed of by vote
of the Board of Directors in such manner, for such consideration and on such terms as the Board of
Directors may determine.
4.2 Certificates of Stock. Every holder of stock of the Corporation shall be entitled
to have a certificate, in such form as may be prescribed by law and by the Board of Directors,
certifying the number and class of shares owned by him in the Corporation. Each such certificate
shall be signed by, or in the name of the Corporation by, the Chairman or Vice-
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Chairman, if any, of the Board of Directors, or the President or a Vice President, and the Treasurer or an Assistant
Treasurer, or the Secretary or an Assistant Secretary of the Corporation. Any or all of the
signatures on the certificate may be a facsimile.
Each certificate for shares of stock which are subject to any restriction on transfer pursuant
to the Certificate of Incorporation, the Bylaws, applicable securities laws or any agreement among
any number of stockholders or among such holders and the Corporation shall have conspicuously noted
on the face or back of the certificate either the full text of the restriction or a statement of
the existence of such restriction.
4.3 Transfers. Except as otherwise established by rules and regulations adopted by
the Board of Directors, and subject to applicable law, shares of stock may be transferred on the
books of the Corporation by the surrender to the Corporation or its transfer agent of the
certificate representing such shares properly endorsed or accompanied by a written assignment or
power of attorney properly executed, and with such proof of authority or the authenticity of
signature as the Corporation or its transfer agent may reasonably require. Except as may be
otherwise required by law, by the Certificate of Incorporation or by these Bylaws, the Corporation
shall be entitled to treat the record holder of stock as shown on its books as the owner of such
stock for all purposes, including the payment of dividends and the right to vote with respect to
such stock, regardless of any transfer, pledge or other disposition of such stock until the shares
have been transferred on the books of the Corporation in accordance with the requirements of these
Bylaws.
4.4 Lost, Stolen or Destroyed Certificates. The Corporation may issue a new
certificate of stock in place of any previously issued certificate alleged to have been lost,
stolen, or destroyed, upon such terms and conditions as the Board of Directors may prescribe, including the
presentation of reasonable evidence of such loss, theft or destruction and the giving of such
indemnity as the Board of Directors may require for the protection of the Corporation or any
transfer agent or registrar.
4.5 Record Date. The Board of Directors may fix in advance a date as a record date
for the determination of the stockholders entitled to notice of or to vote at any meeting of
stockholders or by proxy, or entitled to receive payment of any dividend or other distribution or
allotment of any rights in respect of any change, conversion or exchange of stock, or for the
purpose of any other lawful action. Such record date shall not be more than sixty (60) nor less
than ten (10) days before the date of such meeting, nor more than sixty (60) days prior to any
other action to which such record date relates.
If no record date is fixed, the record date for determining stockholders entitled to notice of
or to vote at a meeting of stockholders shall be at the close of business on the day before the day
on which notice is given, or, if notice is waived, at the close of business on the day before the
day on which the meeting is held. The record date for determining stockholders entitled to express
consent to corporate action in writing without a meeting, when no prior action by the Board of
Directors is necessary, shall be the day on which the first written consent is
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expressed. The record date for determining stockholders for any other purpose shall be at the close of business on
the day on which the Board of Directors adopts the resolution relating to such purpose.
A determination of stockholders of record entitled to notice of or to vote at a meeting of
stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of
Directors may fix a new record date for the adjourned meeting.
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ARTICLE 5 — Indemnification
5.1 Right to Indemnification. Each person who was or is a party to or is threatened
to be made a party to or is involved in (as a party, witness, or otherwise), any threatened,
pending, or completed action, arbitration, alternative dispute resolution, suit, or proceeding,
whether civil, criminal, administrative, or investigative (hereinafter a “Proceeding”), by
reason of the fact that he, or a person of whom he is the legal representative, is or was a
director, officer, employee, or agent of the Corporation or is or was serving at the request of the
Corporation as a director, officer, employee, or agent of another corporation or of a partnership,
joint venture, trust, or other enterprise, including service with respect to employee benefit
plans, whether the basis of the Proceeding is alleged action in an official capacity as a director,
officer, employee, or agent or in any other capacity while serving as a director, officer,
employee, or agent (hereafter an “Agent”), shall be indemnified and held harmless by the
Corporation to the fullest extent authorized by the DGCL, as the same exists or may hereafter be
amended or interpreted (but, in the case of any such amendment or interpretation, only to the
extent that such amendment or interpretation permits the Corporation to provide broader
indemnification rights than were permitted prior thereto) against all expenses, liability, and loss (including attorneys’ fees, judgments, fines,
ERISA excise taxes or penalties, and amounts paid or to be paid in settlement, and any interest,
assessments, or other charges imposed thereon, and any federal, state, local, or foreign taxes
imposed on any Agent as a result of the actual or deemed receipt of any payments under this
Article) reasonably incurred or suffered by such person in connection with investigating,
defending, being a witness in, or participating in (including on appeal), or preparing for any of
the foregoing in, any Proceeding (hereinafter “Expenses”).
5.2 Authority to Advance Expenses. Expenses incurred by an officer or director
(acting in his capacity as such) in defending a Proceeding shall be paid by the Corporation in
advance of the final disposition of such Proceeding, provided, however, that if required by the
DGCL, as amended, such Expenses shall be advanced only upon delivery to the Corporation of an
undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately
be determined that he is not entitled to be indemnified by the Corporation as authorized in this
Article or otherwise. Expenses incurred by other Agents of the Corporation (or by the directors or
officers not acting in their capacity as such, including service with respect to employee benefit
plans) may be advanced upon such terms and conditions as the Board of Directors deems appropriate.
Any obligation to reimburse the Corporation for Expense advances shall be unsecured and no interest
shall be charged thereon.
5.3 Right of Claimant to Bring Suit. If a claim under Section 5.1 or 5.2 of this
Article is not paid in full by the Corporation within 90 days after a written claim has been
received by the corporation, the claimant may at any time thereafter bring suit against the
Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the
claimant shall be entitled to be paid also the expense (including attorneys’ fees) of prosecuting
such claim. It shall be a defense to any such action (other than an action brought to enforce a
claim for expenses incurred in defending a Proceeding in advance of its final disposition where the
required undertaking has been tendered to the Corporation) that the claimant has not met the
standards of conduct that make it permissible under the DGCL for the Corporation to indemnify the
claimant for the amount claimed. The burden of proving such a defense shall be on the
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Corporation. Neither the failure of the Corporation (including its Board of Directors, independent legal
counsel, or its stockholders) to have made a determination prior to the commencement of such action
that indemnification of the claimant is proper under the circumstances because he has met the
applicable standard of conduct set forth in the DGCL, nor an actual determination by the
Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that
the claimant had not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that claimant has not met the applicable standard of conduct.
5.4 Provisions Nonexclusive. The rights conferred on any person by this Article shall
not be exclusive of any other rights that such person may have or hereafter acquire under any
statute, provision of the Certificate of Incorporation, agreement, vote of stockholders or
disinterested directors, or otherwise, both as to action in an official capacity and as to action
in another capacity while holding such office. To the extent that any provision of the Certificate
of Incorporation, agreement, or vote of the stockholders or disinterested directors is inconsistent
with these Bylaws, the provision, agreement, or vote shall take precedence.
5.5 Authority to Insure. The Corporation may purchase and maintain insurance to
protect itself and any Agent against any Expense, whether or not the Corporation would have the
power to indemnify the Agent against such Expense under applicable law or the provisions of this
Article.
5.6 Survival of Rights. The rights provided by this Article shall continue as to a
person who has ceased to be an Agent with respect to a Proceeding that relates the person’s service
to the Corporation and shall inure to the benefit of the heirs, executors, and administrators of
such a person.
5.7 Settlement of Claims. The Corporation shall not be liable to indemnify any Agent
under this Article (a) for any amounts paid in settlement of any action or claim effected without
the Corporation’s written consent, which consent shall not be unreasonably withheld; or (b) for any
judicial award if the Corporation was not given a reasonable and timely opportunity, at its
expense, to participate in the defense of such action.
5.8 Effect of Amendment. Any amendment, repeal, or modification of this Article shall
not adversely affect any right or protection of any Agent existing at the time of such amendment,
repeal, or modification.
5.9 Subrogation. In the event of payment under this Article, the Corporation shall be
subrogated to the extent of such payment to all of the rights of recovery of the Agent, who shall
execute all papers required and shall do everything that may be necessary to secure such rights,
including the execution of such documents necessary to enable the corporation effectively to bring
suit to enforce such rights.
5.10 No Duplication of Payments. The Corporation shall not be liable under this
Article to make any payment in connection with any claim made against the Agent to the extent
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the Agent has otherwise actually received payment (under any insurance policy, agreement, vote, or
otherwise) of the amounts otherwise indemnifiable hereunder.
ARTICLE 6 — General Provisions
6.1 Fiscal Year. The fiscal year of the Corporation shall be the twelve
months ending on December 31 of each calendar year.
6.2 Corporate Seal. The corporate seal shall be in such form as shall be approved by
the Board of Directors.
6.3 Waiver of Notice. Whenever any notice whatsoever is required to be given by law,
by the Certificate of Incorporation or by these Bylaws, a waiver of such notice either in writing
signed by the person entitled to such notice or such person’s duly authorized attorney, or by
telegraph, cable or any other available method, whether before, at or after the time stated in such
waiver, or the appearance of such person or persons at such meeting in person or by proxy, shall be
deemed equivalent to such notice.
6.4 Voting of Securities. Except as the directors may otherwise designate, the Chief
Executive Officer, President or Treasurer may waive notice of, and act as, or appoint any person or
persons to act as, proxy or attorney-in-fact for this Corporation (with or without power of
substitution) at, any meeting of stockholders or stockholders of any other corporation or
organization, the securities of which may be held by this Corporation.
6.5 Evidence of Authority. A certificate by the Secretary, or an Assistant Secretary,
or a temporary Secretary as to any action taken by the stockholders, directors, a committee or any
officer or representative of the Corporation shall as to all persons who rely on the certificate in
good faith be conclusive evidence of such action.
6.7 Transactions with Interested Parties. All contracts or transactions between the
Corporation and one or more of the directors or officers, or between the Corporation and any other
corporation, partnership, association, or other organization in which one or more of the directors
or officers are directors or officers, or have a financial interest, shall be recommended for
approval by the Audit Committee and approved by a majority of the outside directors of the
Corporation, if the Corporation has such outside directors, before the Corporation shall be
permitted to perform its obligations under such contracts or transactions.
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Common or interested directors may be counted in determining the presence of a quorum at a
meeting of the Board of Directors or of a committee which authorizes the contract or transaction.
6.8 Severability. Any determination that any provision of these Bylaws is for any
reason inapplicable, illegal or ineffective shall not affect or invalidate any other provision of
these Bylaws.
6.9 Pronouns. All pronouns used in these Bylaws shall be deemed to refer to the
masculine, feminine or neuter, singular or plural, as the identity of the person or persons may
require.
ARTICLE 7 — Amendments
7.1 By the Board of Directors. These Bylaws may be altered or, amended, in whole or
in part, or new Bylaws may be adopted by the affirmative vote of a majority of the directors
present at any regular or special meeting of the Board of Directors at which a quorum is present.
7.2 By the Stockholders. These Bylaws may be altered, or amended, in whole or in
part, or new Bylaws may be adopted at any regular meeting of stockholders, or at any special
meeting of stockholders, provided notice of such alteration, amendment, repeal or adoption of new
Bylaws shall have been stated in the notice of such special meeting, and shall be approved by an
affirmative vote of the holders of at least two-thirds (2/3) of the voting power of all the
then-outstanding shares of capital stock of the Corporation voting together as a single class.