Summary
Thermo Fisher Scientific Inc. (TMO) has filed a Form 8-K with the SEC on November 15, 2007, to report an important procedural change. Effective November 15, 2007, the Company's Board of Directors approved amendments to its Bylaws. These amendments specifically address changes to Sections 1, 2, and 5 of Article IV, enabling the company to issue uncertificated shares of stock. The primary driver for this change is to ensure compliance with new New York Stock Exchange (NYSE) rules. These revised rules mandate that, as of January 1, 2008, all securities listed on the NYSE must be eligible for a direct share registration system, which typically involves the use of uncertificated shares. This filing is a necessary step to align TMO's corporate governance with regulatory requirements for continued listing on the NYSE.
Key Highlights
- 1Thermo Fisher Scientific Inc. amended its Bylaws to permit the issuance of uncertificated shares.
- 2The amendments are effective as of November 15, 2007.
- 3This action is required to comply with revised New York Stock Exchange (NYSE) rules.
- 4The NYSE rule change mandates that all listed securities must be eligible for a direct share registration system by January 1, 2008.
- 5The specific sections of Article IV of the Bylaws that were amended are Sections 1, 2, and 5.
- 6The filing includes Exhibit 3.1, which contains the Amendments to the Bylaws of the Company.