What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to inform investors about an amendment made to Interactive Brokers Group's Bylaws, specifically the removal of a provision related to attorneys' fees in stockholder actions.

What specific change was made to the Bylaws?

Section 10 of Article VIII of the Bylaws, which dealt with 'Attorneys' Fees in Stockholder Actions,' has been removed.

What is the potential impact of removing the "Attorneys' Fees in Stockholder Actions" provision?

Removing this provision may affect how legal costs are allocated in the event of shareholder litigation against the company. It could potentially alter the company's exposure or the ease with which shareholders can recover legal expenses.

When did this amendment become effective?

The amendment to the Bylaws became effective on April 8, 2016.

IBKR 8-K: Corporate Changes

Summary

Interactive Brokers Group, Inc. (IBKR) filed an 8-K on April 14, 2016, to report an amendment to its Bylaws, effective April 8, 2016. The primary change involves the removal of Section 10, titled "Attorneys’ Fees in Stockholder Actions," from Article VIII of the Bylaws. This amendment signifies a shift in the company's policy regarding the recovery of legal fees in shareholder litigation.

Key Highlights

1Interactive Brokers Group, Inc. (IBKR) amended its Bylaws.
2The amendment was approved by the Board of Directors on April 8, 2016.
3The amendment is effective as of April 8, 2016.
4The specific change is the removal of Section 10, "Attorneys’ Fees in Stockholder Actions," from Article VIII.
5This action alters the company's stance on how attorneys' fees are handled in shareholder lawsuits.
6The amended Bylaws are filed as Exhibit 3.1 to the 8-K report.

Interactive Brokers Group, Inc. 8-K Report, Bylaw Amendment (Apr 14, 2016)

Summary

Key Highlights

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