UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year |
On July 18, 2024, the Board of Directors (the “Board”) of Micron Technology, Inc. (the “Company”) approved the Company’s Amended and Restated Bylaws (the “Amended Bylaws”), effective as of such date.
Among other things, the Amended Bylaws include amendments to reflect changes to the Delaware General Corporation Law (the “DGCL”) and the laws of the state of Delaware, including:
| ● | incorporating provisions to permit meetings of stockholders to be held by remote communications; |
| ● | adjusting provisions relating to delivery of notices of stockholder meetings and adjourned stockholder meetings to take advantage of increased flexibility with regard to electronic notices; |
| ● | updating requirements related to notice of adjourned stockholder meetings; |
| ● | provisions regarding notices of special meetings of the Board; and |
| ● | requirements for action by written consent of the Board. |
The Amended Bylaws also incorporate certain other amendments, including:
| ● | enhancing procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of proposals regarding other business at the Company’s annual meeting of stockholders (except for proposals properly made in accordance with Rule 14a-8 under the Securities Exchange Act of 1934, as amended), including by clarifying the period during which such nominations or proposals can be submitted, and requiring additional background information and disclosures regarding proposing stockholders, proposed nominees and business, and other persons related to a stockholder’s solicitation of proxies; |
| ● | changing certain provisions relating to stockholder nominees for election as a director to address the universal proxy rules adopted by the Securities and Exchange Commission; |
| ● | updating provisions regarding resignation of directors and filling of vacancies; |
| ● | clarifying and updating certain provisions relating to directors, and Board committees; |
| ● | clarifying certain matters related to (but not eliminating or materially amending), the proxy access bylaw; |
| ● | clarifying the Company’s existing Delaware exclusive forum provision; and |
| ● | updating and clarifying certain procedures related to advancement of expenses in the context of indemnification of directors and officers. |
The Amended and Restated Bylaws also incorporate other ministerial, clarifying and conforming changes, including changes to align with the language used in certain provisions of the DGCL.
This description of the amendment to the Company’s bylaws is qualified in its entirety by reference to the text of the Amended and Restated Bylaws filed as Exhibit 3.1 to this report.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 3.1 | Amended and Restated Bylaws as of July 18, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 19, 2024 |
MICRON TECHNOLOGY, INC. | |
| By: | /s/ Michael Ray | |
| Name: | Michael Ray | |
| Title: | Senior Vice President, Chief Legal Officer and Corporate Secretary | |