EX-3.10 13 a2205104zex-3_10.htm EX-3.10

Exhibit 3.10

 

AMENDED AND RESTATED BYLAWS

 

OF

 

AMERIMAX FINANCE COMPANY, INC.

 

ARTICLE I

 

STOCKHOLDERS

 

1.1                               Meetings.

 

1.1.1                     Place. Meetings of the stockholders shall be held at such place as may be designated by the board of directors.

 

1.1.2                     Annual Meeting. An annual meeting of the stockholders for the election of directors and for other business shall be held on such date and at such time as may be fixed by the board of directors.

 

1.1.3                     Special Meetings. Special meetings of the stockholders may be called at any time by the chief executive officer, president, board of directors, or by the secretary of the Company upon the written request of the holders of a majority of the outstanding shares of stock of the Company entitled to vote at the meeting.

 

1.1.4                     Quorum. The presence, in person or by proxy, of the holders of a majority of the outstanding shares of stock of the Company entitled to vote on a particular matter shall constitute a quorum for the purpose of considering such matter.

 

1.1.5                     Voting Rights. Except as otherwise provided herein, in the certificate of incorporation or by law, every stockholder shall have the right at every meeting of stockholders to one vote for every share standing in the name of such stockholder on the books of the Company which is entitled to vote at such meeting. Every stockholder may vote either in person or by proxy.

 

1.1.6                     Action by Written Consent. Any action which may be taken at a meeting of the stockholders may be taken without a meeting and without prior notice if a written consent or consents, setting forth the action to be authorized, shall be signed by the stockholders holding not less than the minimum number of shares of stock required to approve such action and entitled to vote on such action at a meeting in which all shares entitled to vote thereon were present and voted. Such written consent shall have the same effect as a vote of the stockholders at a meeting

 


 

called for the purpose of considering the action authorized and shall be filed in the minute book of the Company by the officer having custody of the corporate books and records.

 

ARTICLE II

 

DIRECTORS

 

2.1                               Number and Term. The board of directors shall have authority to (i) determine the number of directors to constitute the board and (ii) fix the terms of office of the directors.

 

2.2                               Meetings.

 

2.2.1                     Place. Meetings of the board of directors shall be held at such place as may be designated by the board or in the notice of the meeting.

 

2.2.2                     Regular Meetings. Regular meetings of the board of directors shall be held at such times as the board may designate. Notice of regular meetings need not be given.

 

2.2.3                     Special Meetings. Special meetings of the board may be called by direction of the chief executive officer, the president or the secretary of the Company, or any two directors on three days’ notice to each director, either personally or by mail, telephone, facsimile transmission, electronic mail or other electronic means or by telegraph.

 

2.2.4                     Quorum. A majority of all the directors in office shall constitute a quorum for the transaction of business at any meeting.

 

2.2.5                     Voting. Except as otherwise provided herein, in the certificate of incorporation or by law, the vote of a majority of the directors present at any meeting at which a quorum is present shall constitute the act of the board of directors.

 

2.2.6                     Committees. The board of directors may, by resolution adopted by a majority of the whole board, designate one or more committees, each committee to consist of one or more directors and such alternate members (also directors) as may be designated by the board. Unless otherwise provided herein, in the absence or disqualification of any member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another director to act at the meeting in the place of any such absent or disqualified member. Except as otherwise provided herein, in the certificate of incorporation or by law, any such committee shall have and may exercise the powers of the full board of directors to the extent provided in the resolution of the board directing the committee.

 

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2.2.7                     Action by Written Consent. Any action required or permitted to be taken at any meeting of the board of directors, or of any committee thereof, may be taken without a meeting if all of the members of the board or committee, as the case may be, consent thereto 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, or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.

 

ARTICLE III

 

OFFICERS

 

3.1                               Number. The officers of the Company shall be elected by the board of directors and may consist of a president, a chief executive officer, any number of vice presidents, a secretary, a treasurer, and a chief financial officer, any number of assistant secretaries and such other officers and assistant officers as may be deemed necessary or desirable by the board of directors. Any number of offices may be held by the same person. In its discretion, the board of directors may choose not to fill any office for any period as it may deem advisable, except that the offices of president and secretary shall be filled as expeditiously as possible.

 

3.2                               Election and Term of Office. The officers of the corporation shall be elected annually by the board of directors at its first meeting held after each annual meeting of stockholders or as soon thereafter as conveniently may be. Vacancies may be filled or new offices created and filled at any meeting of the board of directors. Each officer shall hold office until a successor is duly elected and qualified or until his or her earlier death, resignation, retirement, disqualification, or removal as hereinafter provided.

 

3.3                               Authority, Duties and Compensation. The officers shall have such authority, perform such duties and serve for such compensation as may be determined by resolution of the board of directors. The board of directors may also at any time limit or circumvent the enumerated duties, services and powers of any officer. In addition to the designation of officers and the enumeration of their respective duties, services and powers, the board of directors may grant powers of attorney to individuals to act as agent for or on behalf of the Company, to do any act which would be binding on the Company, to incur any expenditures on behalf of or for the Company, or to execute, deliver and perform any agreements, acts, transactions or other matters on behalf of the Company. Such powers of attorney may be revoked or modified as deemed necessary by the board of directors.

 

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ARTICLE IV

 

INDEMNIFICATION

 

4.1                               Right to Indemnification. The Company shall indemnify any person who was or is party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a “proceeding”), by reason of the fact that such person is or was a director or officer of the Company, or is or was serving at the request of the Company, as a director or officer of another corporation, partnership, joint venture, trust or other enterprise, or is or was a director or officer of the Company serving at its request as an administrator, trustee or other fiduciary of one or more of the employee benefit plans of the Company or other enterprise, against expenses (including attorneys’ fees), liability and loss actually and reasonably incurred or suffered by such person in connection with such proceeding, whether or not the indemnified liability arises or arose from any threatened, pending or completed proceeding by or in the right of the Company, except to the extent that such indemnification is prohibited by applicable law.

 

4.2                               Advance of Expenses. Expenses incurred by a director or officer of the Company in defending a proceeding shall be paid by the Company in advance of the final disposition of such proceeding subject to the provisions of any applicable statute.

 

4.3                               Determination that Indemnification is Proper. Any indemnification of a present or former director or officer of the Company under Section 4.1 of Article IV of these Bylaws (unless ordered by a court) shall be made by the Company unless a determination is made that indemnification of the director or officer is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 4.1 of Article IV of these Bylaws. Any such determination shall be made (1) by a majority vote of the directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (2) by a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (3) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (4) by the stockholders.

 

4.4                               Contractual Obligation. The obligations of the Company to indemnify a director or officer under this Article IV, including the duty to advance expenses, shall be considered a contract between the Company and such director or officer, and no modification or repeal of any provision of this Article IV shall affect, to the detriment of the director or officer, such obligations of the Company in connection with a claim based on any act or failure to act occurring before such modification or repeal.

 

4.5                               Indemnification Not Exclusive; Inuring of Benefit. The indemnification and advance of expenses provided by this Article IV shall not be deemed exclusive of any other right to which

 

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one indemnified may be entitled under any statute, provision of the Certificate of Incorporation, these bylaws, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person’s official capacity and as to action in another capacity while holding such office, and shall inure to the benefit of the heirs, executors and administrators of any such person.

 

4.6                               Insurance and Other Indemnification. The board of directors shall have the power to (i) authorize the Company to purchase and maintain, at the Company’s expense, insurance on behalf of the Company and on behalf of others to the extent that power to do so has not been prohibited by statute, (ii) create any fund of any nature, whether or not under the control of a trustee, or otherwise secure any of its indemnification obligations, and (iii) give other indemnification to the extent permitted by statute.

 

ARTICLE V

 

TRANSFER OF SHARE CERTIFICATES

 

Transfers of share certificates and the shares represented thereby shall be made on the books of the Company only by the registered holder or by duly authorized attorney. Transfers shall be made only on surrender of the share certificate or certificates.

 

ARTICLE VI

 

AMENDMENTS

 

Unless prohibited by the certificate of incorporation or any applicable statute, these bylaws may be amended or repealed at any regular or special meeting of the board of directors by vote of a majority of the directors at which a quorum is present or at any annual or special meeting of stockholders by vote of holders of a majority of the outstanding stock entitled to vote. Notice of any such annual or special meeting of stockholders shall set forth the proposed change or a summary thereof.

 

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