Summary
TE Connectivity Ltd. (TEL) filed an 8-K on March 7, 2013, reporting on an amendment to its Articles of Association. The primary purpose of this amendment was to reapprove the Board of Directors' authority to issue shares from the company's authorized capital. This authorization is extended for an additional two-year period, concluding on March 6, 2015. This shareholder-approved amendment, which became effective upon its registration in the Swiss commercial register on March 7, 2013, provides the company with continued flexibility in capital management. Investors should note that the details of this proposal were previously disclosed in the company's definitive proxy statement filed on January 11, 2013. The amended and restated Articles of Association are attached as an exhibit to this filing.
Key Highlights
- 1TE Connectivity Ltd. (TEL) shareholders approved an amendment to the company's Articles of Association.
- 2The amendment reapproves the Board of Directors' authority to issue shares from authorized capital.
- 3This authorization is extended for an additional two-year period.
- 4The authorization period will now end on March 6, 2015.
- 5The amendment became effective upon registration with the Swiss commercial register on March 7, 2013.
- 6The proposal was previously disclosed in the company's definitive proxy statement filed January 11, 2013.
- 7Amended and restated Articles of Association are filed as an exhibit.