8-KCorporate Changes

CURTISS WRIGHT CORP 8-K Report, Bylaw Amendment (May 13, 2011)

Filed May 13, 2011For Securities:CW

Summary

Curtiss-Wright Corporation (CW) filed an 8-K on May 13, 2011, reporting an amendment to its corporate bylaws. Effective May 10, 2011, the Board of Directors approved the addition of Article XII, establishing a forum selection provision. This provision designates the Court of Chancery of Delaware as the exclusive venue for resolving certain specified legal disputes involving the company. This change is primarily administrative and procedural, aimed at standardizing and potentially streamlining the resolution of corporate litigation. For investors, this means that any qualifying legal actions against Curtiss-Wright will likely need to be filed in the Delaware Chancery Court, a jurisdiction well-versed in corporate law. While not directly impacting the company's financial performance or strategic operations, this amendment reflects a proactive approach to corporate governance and legal management.

Key Highlights

  • 1Amendment to Curtiss-Wright's corporate bylaws approved on May 10, 2011.
  • 2Addition of Article XII, a forum selection provision, to the bylaws.
  • 3Designates the Court of Chancery of Delaware as the sole and exclusive forum for certain disputes.
  • 4This provision applies to adjudicating specific legal disagreements with the company.
  • 5The amendment aims to provide a consistent and specialized venue for corporate litigation.
  • 6Filed with the SEC on May 13, 2011.
  • 7No change in fiscal year reported.

Frequently Asked Questions

The primary purpose of the amendment is to establish a specific legal venue, the Court of Chancery of Delaware, as the exclusive forum for resolving certain disputes involving the company. This aims to centralize and streamline litigation related to corporate matters.

This amendment means that any qualifying legal actions against Curtiss-Wright will likely need to be initiated and heard in the Delaware Court of Chancery, rather than in other potential jurisdictions. This is a procedural change that could impact where legal proceedings take place.

No, this amendment is primarily a corporate governance and legal procedural change. It does not directly affect the company's financial results, operational strategies, or day-to-day business activities.

The Delaware Court of Chancery is a specialized business court with extensive experience and expertise in corporate law. Many companies choose it for its efficiency and predictability in resolving complex corporate disputes, which can be beneficial for both the company and its shareholders.