Attached files
file | filename |
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8-K - FORM 8-K - Victor Technologies Group, Inc. | c97820e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - Victor Technologies Group, Inc. | c97820exv10w1.htm |
Exhibit 3.1
AMENDED AND
RESTATED BYLAWS
OF
THERMADYNE HOLDINGS CORPORATION
A Delaware Corporation
TABLE OF CONTENTS
Page | ||||||
ARTICLE I: OFFICES | 1 | |||||
1.1 |
Registered Office and Agent | 1 | ||||
1.2 |
Other Offices | 1 | ||||
ARTICLE II: MEETINGS OF STOCKHOLDERS | 1 | |||||
2.1 |
Annual Meeting | 1 | ||||
2.2 |
Business to be Conducted at Annual Meeting | 1 | ||||
2.3 |
Special Meetings | 2 | ||||
2.4 |
Place of Meetings | 3 | ||||
2.5 |
Notice of Meetings | 3 | ||||
2.6 |
Nomination of Directors | 4 | ||||
2.7 |
Voting List | 5 | ||||
2.8 |
Quorum | 5 | ||||
2.9 |
Required Vote: Withdrawal of Quorum | 6 | ||||
2.10 |
Method of Voting: Proxies | 6 | ||||
2.11 |
Record Date | 6 | ||||
2.12 |
Conduct of Meeting | 7 | ||||
2.13 |
Inspectors | 7 | ||||
ARTICLE III: DIRECTORS | 7 | |||||
3.1 |
Management | 7 | ||||
3.2 |
Number; Qualification; Election; Term | 7 | ||||
3.3 |
Change in Number | 7 | ||||
3.4 |
Removal; Vacancies | 8 | ||||
3.5 |
Meetings of Directors | 8 | ||||
3.6 |
First Meeting | 8 | ||||
3.7 |
Election of Officers | 8 | ||||
3.8 |
Regular Meetings | 8 | ||||
3.9 |
Special Meetings | 8 | ||||
3.10 |
Notice | 8 | ||||
3.11 |
Quorum; Majority Vote | 8 |
i
\
TABLE OF CONTENTS
(Continued)
(Continued)
Page | ||||||
3.12 |
Procedure | 9 | ||||
3.13 |
Presumption of Assent | 9 | ||||
3.14 |
Compensation | 9 | ||||
ARTICLE IV: COMMITTEES | 9 | |||||
4.1 |
Designation | 9 | ||||
4.2 |
Number; Qualification; Term | 9 | ||||
4.3 |
Authority | 9 | ||||
4.4 |
Committee Changes | 10 | ||||
4.5 |
Alternate Members of Committees | 10 | ||||
4.6 |
Regular Meetings | 10 | ||||
4.7 |
Special Meetings | 10 | ||||
4.8 |
Quorum; Majority Vote | 10 | ||||
4.9 |
Minutes | 10 | ||||
4.10 |
Compensation | 10 | ||||
4.11 |
Responsibility | 10 | ||||
ARTICLE V: NOTICE | 11 | |||||
5.1 |
Method | 11 | ||||
5.2 |
Waiver | 11 | ||||
ARTICLE VI: OFFICERS | 11 | |||||
6.1 |
Number; Titles; Term of Office | 11 | ||||
6.2 |
Removal | 11 | ||||
6.3 |
Vacancies | 12 | ||||
6.4 |
Authority | 12 | ||||
6.5 |
Compensation | 12 | ||||
6.6 |
Chairman of the Board | 12 | ||||
6.7 |
Chief Executive Officer | 12 | ||||
6.8 |
President | 12 | ||||
6.9 |
Vice Presidents | 13 | ||||
6.10 |
Treasurer | 13 | ||||
6.11 |
Assistant Treasurers | 13 | ||||
6.12 |
Secretary | 13 | ||||
6.13 |
Assistant Secretaries | 13 |
ii
TABLE OF CONTENTS
(Continued)
(Continued)
Page | ||||||
ARTICLE VII: CERTIFICATES AND STOCKHOLDERS | 14 | |||||
7.1 |
Certificates for Shares | 14 | ||||
7.2 |
Replacement of Lost or Destroyed Certificates | 14 | ||||
7.3 |
Transfer of Shares | 14 | ||||
7.4 |
Registered Stockholders | 14 | ||||
7.5 |
Regulations | 14 | ||||
7.6 |
Legends | 14 | ||||
ARTICLE VIII: MISCELLANEOUS PROVISIONS | 15 | |||||
8.1 |
Dividends | 15 | ||||
8.2 |
Reserves | 15 | ||||
8.3 |
Books and Records | 15 | ||||
8.4 |
Fiscal Year | 15 | ||||
8.5 |
Seal | 15 | ||||
8.6 |
Resignations | 15 | ||||
8.7 |
Securities of Other Corporations | 15 | ||||
8.8 |
Telephone Meetings | 15 | ||||
8.9 |
Action Without a Meeting | 16 | ||||
8.10 |
Invalid Provisions | 16 | ||||
8.11 |
Mortgages, etc. | 16 | ||||
8.12 |
Headings | 17 | ||||
8.13 |
References | 17 | ||||
8.14 |
Amendments | 17 |
iii
AMENDED AND RESTATED
BYLAWS
OF
THERMADYNE HOLDINGS CORPORATION
A DELAWARE CORPORATION
PREAMBLE
These Amended and Restated Bylaws (the Bylaws) are subject to, and governed by, the
General Corporation Law of the State of Delaware (DGCL) and the Amended and Restated
Certificate of Incorporation (Certificate of Incorporation) of Thermadyne Holdings Corporation, a
Delaware corporation (the Corporation). In the event of a direct conflict between the
provisions of these Bylaws and the mandatory provisions of the DGCL or the provisions of the
Certificate of Incorporation of the Corporation, such provisions of the DGCL or the Certificate of
Incorporation of the Corporation, as the case may be, will be controlling.
ARTICLE I: OFFICES
1.1 Registered Office and Agent. The registered office and registered agent of the
Corporation shall be as designated from time to time by the appropriate filing by the Corporation
in the office of the Secretary of State of the State of Delaware.
1.2 Other Offices. The Corporation may also have offices at such other places, both
within and without the State of Delaware, as the Board of Directors may from time to time determine
or as the business of the Corporation may require.
ARTICLE II: MEETINGS OF STOCKHOLDERS
2.1 Annual Meeting. An annual meeting of stockholders shall be held on such day and
at such time as may be designated by the Board of Directors for the purpose of electing directors
and (the Directors) for the transaction of such other business as properly may come before such
meeting. Any previously scheduled annual meeting of the stockholders may be postponed by resolution
of the Board of Directors upon public notice given on or prior to the date previously scheduled for
such annual meeting of stockholders.
2.2 Business to be Conducted at Annual Meeting.
(a) At an annual meeting of stockholders, only such business shall be conducted as
shall have been brought before the meeting (i) pursuant to the Corporations notice of the
meeting, (ii) by or at the direction of the Board of Directors or (iii) by any stockholder
of the Corporation who is a stockholder of record at the time of giving of the notice
provided for in this Bylaw, who shall be entitled to vote at such meeting and who shall have
complied with the notice procedures set forth in this Bylaw.
(b) For business to be properly brought before an annual meeting by a stockholder
pursuant to Section (a) (iii) of this Bylaw, notice in writing must be delivered or mailed
to the Secretary and received at the General Offices of the Corporation, not less than 90
days nor more than 120 days prior to the first anniversary of the preceding years annual
meeting; provided, however, that in the event that the date of the meeting is advanced by
more than 30 days or delayed by more than 60 days from such anniversary date, notice by the
stockholder must be received not earlier than the 120th day prior to such annual meeting and
not later than the close of business on the later of the 90th day prior to such annual
meeting or the 10th day following the day on which public announcement of the date of the
annual meeting is first made. Such stockholders notice shall set forth as to each matter
the stockholder proposes to bring before the annual meeting (i) a brief description of the
business to be brought before the annual meeting and the reasons for conducting such
business at such meeting; (ii) the name and address, as they appear on the Corporations
books, of the stockholder proposing such business, and the name and address of the
beneficial owner, if any, on whose behalf the proposal is made; (iii) the class and number
of shares of the Corporations stock which are beneficially owned by the stockholder, and by
the beneficial owner, if any, on whose behalf the proposal is made; and (iv) any material
interest of the stockholder, and of the beneficial owner, if any, on whose behalf the
proposal is made, in such business. For purposes of these Bylaws, public announcement
shall mean disclosure in a press release reported by the Dow Jones News Service, Associated
Press or comparable news service or in a document publicly filed by the Corporation with the
Securities and Exchange Commission pursuant to Section 13, 14 or 15(b) of the Securities
Exchange Act of 1934, as amended (the Exchange Act).
(c) Notwithstanding anything in these Bylaws to the contrary, no business shall be
conducted at an annual meeting except in accordance with the procedures set forth in this
Bylaw. The Chairman of the meeting may, if the facts warrant, determine that the business
was not properly brought before the meeting in accordance with the provisions of this Bylaw;
and if the Chairman should so determine, the Chairman shall so declare to the meeting, and
any such business not properly brought before the meeting shall not be transacted.
Notwithstanding the foregoing provisions of this Bylaw, a stockholder shall also comply with
all applicable requirements of the Exchange Act and the rules and regulations thereunder
with respect to the matters set forth in this Bylaw. Nothing in this Bylaw shall be deemed
to affect any rights of stockholders to request inclusion of proposals in the Corporations
proxy statement pursuant to Rule 14a-8 under the Exchange Act. The provisions of this Section 2.2 shall also govern what constitutes
timely notice for purposes of Rule l4a-4(c) of the Exchange Act.
2.3 Special Meetings. Special meetings of stockholders, unless otherwise provided by
the law of Delaware, may be called pursuant to resolution of the Board of Directors. The Board of
Directors shall have the sole right to determine the proper purpose or purposes of such meeting.
Business transacted at a special meeting of stockholders shall be confined to the purpose or
purposes of the meeting as stated in the notice of such meeting. Any previously scheduled special
meeting of the stockholders may be postponed by resolution of the Board of Directors upon notice by
public announcement given on or prior to the date previously scheduled for such special meeting of
stockholders.
2
2.4 Place of Meetings. All meetings of stockholders shall be held at the General
Offices of the Corporation in the County of St. Louis, State of Missouri, unless otherwise
determined by resolution of the Board of Directors; provided that the Board may, in its sole
discretion, determine that the meeting shall not be held a place, but may instead be held solely by
means of remote communication as authorized by Section 211(a) (2) of the DGCL.
2.5 Notice of Meetings.
(a) Except as otherwise required by the law of Delaware notice of each meeting of the
stockholders, whether annual or special, shall be given, by or at the direction of the
Secretary or Chief Executive Officer, except that (i) it shall not be necessary to give
notice to any stockholder who properly waives notice before or after the meeting, whether in
writing or by electronic transmission or otherwise, and (ii) no notice of an adjourned
meeting need be given except when required under these Bylaws or by law. Such notice shall
state the place, date and hour of the meeting, and in the case of a special meeting, shall
also state the purpose or purposes thereof. Each notice of a meeting shall be given,
personally or by mail or, as provided by means of electronic transmission, not less than 10
nor more than 60 days before the meeting and shall state the time and place of the meeting,
or if held by remote communications, the means of remote communications by which
stockholders and proxyholders may be deemed to be present in person and vote at such
meeting, and unless it is the annual meeting, shall state at whose direction or request the
meeting is called and the purposes for which it is called. The attendance of any stockholder
at a meeting, without protesting at the beginning of the meeting that the meeting is not
lawfully called or convened, shall constitute a waiver of notice by him or her. Any
previously scheduled meeting of stockholders may be postponed, and (unless the Certificate
of Incorporation otherwise provides) any special meeting of stockholders may be canceled, by
resolution of the Board upon public announcement (as defined in Section 2.2 of these Bylaws)
given on or prior to the date previously scheduled for such meeting of stockholders.
(b) Without limiting the manner by which notice otherwise may be given effectively to
stockholders, any notice to a stockholder given by the Corporation may be given by a form of
electronic transmission consented to by the stockholder to whom the notice is given. Any
such consent shall be revocable by the stockholder by written notice to the Corporation. Any
such consent shall be deemed revoked (i) if the Corporation is unable to deliver by
electronic transmission two consecutive notices given by the Corporation in accordance with
such consent and (ii) such inability becomes known to the Secretary or an Assistant
Secretary of the Corporation or to the transfer agent or other person responsible for the
giving of notice; provided, however, the inadvertent failure to treat such inability as a
revocation shall not invalidate any meeting or other action. For purposes of these Bylaws,
electronic transmission means any form of communication, not directly involving the
physical transmission of paper, that creates a record that may be retained, retrieved and
reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a
recipient through an automated process.
(c) An affidavit of the Secretary or an Assistant Secretary or of the transfer agent or
other agent of the Corporation that the notice has been given, whether by a form of
electronic transmission or otherwise, shall, in the absence of fraud, be prima facie
evidence of the facts stated therein.
3
2.6 Nomination of Directors.
(a) Only persons who are nominated in accordance with the procedures set forth in these
Bylaws shall be eligible for election as Directors. Nominations of persons for election to
the Board of Directors may be made at a meeting of stockholders (i) by or at the direction
of the Board of Directors or (ii) by any stockholder of the Corporation who is a stockholder
of record at the time of giving of the notice provided for in this Bylaw, who shall be
entitled to vote for the election of Directors at the meeting and who complies with the
notice procedures set forth in this Bylaw.
(b) Nominations by stockholders shall be made pursuant to notice in writing, delivered
or mailed to the Secretary and received at the General Offices of the Corporation (i) in the
case of an annual meeting, not less than 90 days nor more than 120 days prior to the first
anniversary of the preceding years annual meeting, provided, however, that in the event
that the date of the meeting is advanced by more than 30 days or delayed by more than 60
days from such anniversary date, notice by the stockholder must be received not earlier than
the 120th day prior to such annual meeting and not later than the close of business on the
later of the 90th day prior to such annual meeting or the 10th day following the day on
which public announcement of the date of the meeting is first made; or (ii) in the case of a
special meeting at which Directors are to be elected, not earlier than the 120th day prior
to such special meeting and not later than the close of business on the later of the 90th
day prior to such special meeting or the 10th day following the day on which public
announcement of the date of the meeting and of the nominees proposed by the Board of
Directors to be elected at such meeting is first made. In the case of a special meeting of
stockholders at which Directors are to be elected, stockholders may nominate a person or persons (as the case may be) for election only to
such position(s) as are specified in the Corporations notice of meeting as being up for
election at such meeting. Such stockholders notice shall set forth (i) as to each person
whom the stockholder proposes to nominate for election or reelection as a Director, all
information relating to such person that would be required to be disclosed in solicitations
of proxies for election of Directors, or is otherwise required, in each case pursuant to
Regulation l4A under the Exchange Act (including such persons written consent to being
named as a nominee and to serving as a Director if elected); (ii) as to the stockholder
giving the notice, the name and address, as they appear on the Corporations books, of such
stockholder and the class and number of shares of the Corporations stock which are
beneficially owned by such stockholder; and (iii) as to any beneficial owner on whose behalf
the nomination is made, the name and address of such person and the class and number of
shares of the Corporations stock which are beneficially owned by such person. At the
request of the Board of Directors, any person nominated by the Board of Directors for
election as a Director shall furnish to the Secretary that information required to be set
forth in a stockholders notice of nomination which pertains to the nominee. Notwithstanding
anything in this Bylaw to the contrary, in the event that the number of Directors to be
elected to the Board of Directors of the Corporation is increased and there is no public
statement naming all the nominees for Director or specifying the size of the
increased Board of Directors made by the Corporation at least 100 days prior to the first anniversary of the
preceding years annual meeting, a stockholders notice required by this Bylaw shall also be
considered timely, but only with respect to nominees for any new positions created by such
increase, if it shall be delivered to the Secretary at the principal offices of the
Corporation not later than the close of business on the 10th day following the day on which
such public announcement is first made by the Corporation.
4
(c) No person shall be eligible for election as a Director of the Corporation unless
nominated in accordance with the procedures set forth in these Bylaws. The Chairman of the
meeting may, if the facts warrant, determine that a nomination was not made in accordance
with the procedures prescribed in this Bylaw; and if the Chairman should so determine, the
Chairman shall so declare to the meeting, and the defective nomination shall be disregarded.
Notwithstanding the foregoing provisions of this Bylaw, a stockholder shall also comply with
all applicable requirements of the Exchange Act and the rules and regulations thereunder
with respect to the matters set forth in this Bylaw.
2.7 Voting List. At least ten days before each meeting of stockholders, the Secretary
or other officer of the Corporation who has charge of the Corporations stock ledger, either
directly or through another officer appointed by him or through a transfer agent appointed by the
Board of Directors, shall prepare a complete list of stockholders entitled to vote thereat,
arranged in alphabetical order and showing the address of each stockholder and number of shares
registered in the name of each stockholder. For a period of ten days prior to such meeting, such
list shall be (i) made available on a reasonably accessible electronic network, access to which
shall be specified in the notice of meeting or a duly executed waiver of notice of such meeting or
(ii) kept on file at a place within the city where the meeting is to be held, which place shall be
specified in the notice of meeting or a duly executed waiver of notice of such meeting or, if not
so specified, at the principal place of business of the Corporation and shall be open to examination by any
stockholder during ordinary business hours. Such list shall be produced at such meeting and kept
at the meeting at all times during such meeting and may be inspected by any stockholder who is
present.
2.8 Quorum. The holders of a majority of the outstanding shares of capital stock
entitled to vote on a matter, present in person or by proxy, shall constitute a quorum at any
meeting of stockholders, except as otherwise provided by law, the Certificate of Incorporation of
the Corporation, or these Bylaws. If a quorum shall not be present, in person or by proxy, at any
meeting of stockholders, the stockholders entitled to vote thereat who are present, in person or by
proxy (or, if no stockholder entitled to vote is present, any officer of the Corporation), may
adjourn the meeting from time to time without notice other than announcement at the meeting (unless
the Board of Directors, after such adjournment, fixes a new record date for the adjourned meeting),
until a quorum shall be present, in person or by proxy. At any adjourned meeting at which a quorum
shall be present, in person or by proxy, any business may be transacted which may have been
transacted at the original meeting had a quorum been present; provided that, if the adjournment is
for more than 30 days or if after the adjournment a new record date is fixed for the adjourned
meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to
vote at the adjourned meeting.
5
2.9 Required Vote: Withdrawal of Quorum. When a quorum is present at any meeting, in
all matters other than the election of Directors, the affirmative vote of the majority of shares of
capital stock present in person or represented by proxy and entitled to vote on the subject matter
shall be the act of the stockholders, unless the matter is one on which, by express provision of
law, the Certificate of Incorporation of the Corporation, or these Bylaws, a different vote is
required, in which case such express provision shall govern and control the decision of such
matter. Directors shall be elected by a plurality of the votes of the shares of capital stock
present in person or represented by proxy at the meeting and entitled to vote on the election of
Directors. The stockholders present at a duly constituted meeting may continue to transact
business until adjournment, notwithstanding the withdrawal of enough stockholders to leave less
than a quorum.
2.10 Method of Voting: Proxies. Except as otherwise provided in the Certificate of
Incorporation of the Corporation or by law, each outstanding share of capital stock, regardless of
class, shall be entitled to one vote on each matter submitted to a vote at a meeting of
stockholders. Elections of Directors need not be by written ballot. At any meeting of
stockholders, every stockholder having the right to vote may vote either in person or by a proxy
executed in writing by the stockholder or by his duly authorized attorney-in-fact. Each such proxy
shall be filed with the Secretary of the Corporation before or at the time of the meeting. No
proxy shall be valid after three years from the date of its execution, unless otherwise provided in
the proxy. If no date is stated in a proxy, such proxy shall be presumed to have been executed on
the date of the meeting at which it is to be voted. Each proxy shall be revocable unless expressly
provided therein to be irrevocable and coupled with an interest sufficient in law to support an irrevocable power or unless otherwise made
irrevocable by law.
2.11 Record Date. For the purpose of determining stockholders entitled (i) to notice
of or to vote at any meeting of stockholders or any adjournment thereof, (ii) to receive payment of
any dividend or other distribution or allotment of any rights, or (iii) to exercise any rights in
respect of any change, conversion, or exchange of stock or for the purpose of any other lawful
action, the Board of Directors may fix a record date, which record date shall not precede the date
upon which the resolution fixing the record date is adopted by the Board of Directors, for any such
determination of stockholders, such date in any case to be not more than 60 days and not less than
ten days prior to such meeting nor more than 60 days prior to any other action. If no record date
is fixed:
(a) The record date for determining stockholders entitled to notice of or to vote at a
meeting of stockholders shall be at the close of business on the day next preceding the day
on which notice is given or, if notice is waived, at the close of business on the day next
preceding the day on which the meeting is held.
(b) The record date for determining stockholders for any other purpose shall be at the
close of business on the day on which the Board of Directors adopts the resolution relating
thereto.
(c) A determination of stockholders of record entitled to notice of or to vote at a
meeting of stockholders shall apply to any adjournment of the meeting; provided, however,
that the Board of Directors may fix a new record date for the adjourned meeting.
6
2.12 Conduct of Meeting. The Chairman of the Board, if such office has been filled,
and, if not or if the Chairman of the Board is absent or otherwise unable to act, the Chief
Executive Officer shall preside at all meetings of stockholders. The Secretary shall keep the
records of each meeting of stockholders. In the absence or inability to act of any such officer,
such officers duties shall be performed by the officer given the authority to act for such absent
or non-acting officer under these Bylaws or by some person appointed by the meeting.
2.13 Inspectors. The Board of Directors may, in advance of any meeting of
stockholders, appoint one or more inspectors to act at such meeting or any adjournment thereof. If
any of the inspectors so appointed shall fail to appear or act, the Chairman of the meeting shall,
or if inspectors shall not have been appointed, the Chairman of the meeting may, appoint one or
more inspectors. Each inspector, before entering upon the discharge of his duties, shall take and
sign an oath faithfully to execute the duties of inspector at such meeting with strict impartiality
and according to the best of his ability. The inspectors shall determine the number of shares of
capital stock of the Corporation outstanding and the voting power of each, the number of shares
represented at the meeting, the existence of a quorum, and the validity and effect of proxies and
shall receive votes, ballots, or consents, hear and determine all challenges and questions arising in connection
with the right to vote, count and tabulate all votes, ballots, or consents, determine the results,
and do such acts as are proper to conduct the election or vote with fairness to all stockholders.
On request of the Chairman of the meeting, the inspectors shall make a report in writing of any
challenge, request, or matter determined by them and shall execute a certificate of any fact found
by them. No Director or candidate for the office of Director shall act as an inspector of an
election of Directors. Inspectors need not be stockholders.
ARTICLE III: DIRECTORS
3.1 Management. The business and property of the Corporation shall be managed by the
Board of Directors. Subject to the restrictions imposed by law, the Certificate of Incorporation
of the Corporation, or these Bylaws, the Board of Directors may exercise all the powers of the
Corporation.
3.2 Number; Qualification; Election; Term. The number of Directors which shall
constitute the entire Board of Directors shall be not less than one. At each annual meeting of
stockholders, Directors elected to succeed those Directors whose terms then expire shall be elected
for a term of office to expire at the succeeding annual meeting of stockholders after their
election, with each Director to hold office until his successor shall have been duly elected and
qualified.
3.3 Change in Number. No decrease in the number of Directors constituting the entire
Board of Directors shall have the effect of shortening the term of any incumbent Director.
7
3.4 Removal; Vacancies. Any or all Directors may be removed, but only for cause, at
any annual or special meeting of stockholders, upon the affirmative vote of the holders of a
majority of the outstanding shares of each class of capital stock then entitled to vote in person
or by proxy at an election of such Directors, provided that notice of the intention to act upon
such matter shall have been given in the notice calling such meeting. Newly created directorships
resulting from any increase in the authorized number of Directors and any vacancies occurring in
the Board of Directors caused by death, resignation, retirement, disqualification, removal or other
termination from office of any Directors may be filled by the vote of a majority of the Directors
then in office, though less than a quorum, or by the affirmative vote, at any annual meeting or any
special meeting of the stockholders called for the purpose of filling such directorship, of the
holders of a majority of the outstanding shares of each class of capital stock then entitled to
vote in person or by proxy at an election of such Directors. Each successor Director so chosen
shall hold office until his respective successor shall have been duly elected and qualified.
3.5 Meetings of Directors. The Directors may hold their meetings and may have an office and keep the records of the
Corporation, except as otherwise provided by law, in such place or places as the Board of Directors
may from time to time determine or as shall be specified in the notice of such meeting or duly
executed waiver of notice of such meeting.
3.6 First Meeting. Each newly elected Board of Directors may hold its first meeting
for the purpose of organization and the transaction of business, if a quorum is present,
immediately after and at the same place as the annual meeting of stockholders, and no notice of
such meeting shall be necessary.
3.7 Election of Officers. At the first meeting of the Board of Directors after each
annual meeting of stockholders at which a quorum shall be present, the Board of Directors shall
elect the officers of the Corporation.
3.8 Regular Meetings. Regular meetings of the Board of Directors shall be held at
such times and places as shall be designated from time to time by resolution of the Board of
Directors. Notice of such regular meetings shall not be required.
3.9 Special Meetings. Special meetings of the Board of Directors shall be held
whenever called by the Chairman of the Board, the Chief Executive Officer, or any Director.
3.10 Notice. The Secretary shall give notice of each special meeting to each Director
at least 24 hours before the meeting. Notice of any such meeting need not be given to any Director
who, either before or after the meeting, submits a signed waiver of notice or who shall attend such
meeting without protesting, prior to or at its commencement, the lack of notice to him. The
purpose of any special meeting shall be specified in the notice or waiver of notice of such
meeting.
3.11 Quorum; Majority Vote. At all meetings of the Board of Directors, a majority of
the Directors fixed in the manner provided in these Bylaws shall constitute a quorum for the
transaction of business. If at any meeting of the Board of Directors there is less than a quorum
present, a majority of those present or any Director solely present may adjourn the meeting from
time to time without further notice. Unless the act of a greater number is required by law, the
Certificate of Incorporation of the Corporation, or these Bylaws, the act of a majority of the
Directors present at a meeting at which a quorum is in attendance shall be the act of the Board of
Directors. At any time that the Certificate of Incorporation of the Corporation provides that
Directors elected by the holders of a class or series of stock shall have more or less than one vote per Director on any matter,
every reference in these Bylaws to a majority or other proportion of Directors shall refer to a
majority or other proportion of the votes of such Directors.
8
3.12 Procedure. At meetings of the Board of Directors, business shall be transacted
in such order as from time to time the Board of Directors may determine. The Chairman of the
Board, if such office has been filled, and, if not or if the Chairman of the Board is absent or
otherwise unable to act, the Chief Executive Officer shall preside at all meetings of the Board of
Directors. In the absence or inability to act of either such officer, a Chairman shall be chosen
by the Board of Directors from among the Directors present. The Secretary of the Corporation shall
act as the secretary of each meeting of the Board of Directors unless the Board of Directors
appoints another person to act as secretary of the meeting. The Board of Directors shall keep
regular minutes of its proceedings which shall be placed in the minute book of the Corporation.
3.13 Presumption of Assent. A Director of the Corporation who is present at the
meeting of the Board of Directors at which action on any corporate matter is taken shall be
presumed to have assented to the action unless his dissent shall be entered in the minutes of the
meeting or unless he shall file his written dissent to such action with the person acting as
secretary of the meeting before the adjournment thereof or shall forward any dissent by certified
or registered mail to the Secretary of the Corporation immediately after the adjournment of the
meeting. Such right to dissent shall not apply to a Director who voted in favor of such action.
3.14 Compensation. The Board of Directors shall have the authority to fix the
compensation, including fees and reimbursement of expenses, paid to Directors for service as
Directors, service as members of committees of the Board of Directors and for attendance at regular
or special meetings of the Board of Directors or any committee thereof; provided, that nothing
contained herein shall be construed to preclude any Director from serving the Corporation in any
other capacity or receiving compensation therefor.
ARTICLE IV: COMMITTEES
4.1 Designation. The Board of Directors may, by resolution adopted by a majority of
the entire Board of Directors, designate one or more committees.
4.2 Number; Qualification; Term. Each committee shall consist of one or more
Directors appointed by resolution adopted by a majority of the entire Board of Directors. The
number of committee members may be increased or decreased from time to time by resolution adopted
by a majority of the entire Board of Directors. Each committee member shall serve as such until
the earliest of (i) the expiration of his term as Director, (ii) his resignation as a committee member or as a Director, or (iii)
his removal as a committee member or as a Director.
4.3 Authority. Each committee, to the extent expressly provided in the resolution
establishing such committee, shall have and may exercise all of the authority of the Board of
Directors in the management of the business and property of the Corporation except to the extent
expressly restricted by such resolution or by law, the Certificate of Incorporation of the
Corporation, or these Bylaws.
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4.4 Committee Changes. The Board of Directors shall have the power at any time to
fill vacancies in, to change the membership of, and to discharge any committee.
4.5 Alternate Members of Committees. The Board of Directors may designate one or more
Directors as alternate members of any committee. Any such alternate member may replace any absent
or disqualified member at any meeting of the committee. If no alternate committee members have
been so appointed to a committee or each such alternate committee member is absent or disqualified,
the member or members of such committee present at any meeting and not disqualified from voting,
whether or not he or they constitute a quorum, may unanimously appoint another member of the Board
of Directors to act at the meeting in the place of any such absent or disqualified member.
4.6 Regular Meetings. Regular meetings of any committee may be held without notice at
such time and place as may be designated from time to time by the committee and communicated to all
members thereof.
4.7 Special Meetings. Special meetings of any committee may be held whenever called
by any committee member. The committee member calling any special meeting shall cause notice of
such special meeting, including therein the time and place of such special meeting, to be given to
each committee member at least 24 hours before such special meeting. Neither the business to be
transacted at, nor the purpose of, any special meeting of any committee need be specified in the
notice or waiver of notice of any special meeting.
4.8 Quorum; Majority Vote. At meetings of any committee, a majority of the number of
members designated by the Board of Directors shall constitute a quorum for the transaction of
business. If a quorum is not present at a meeting of any committee, a majority of the members
present may adjourn the meeting from time to time, without notice other than an announcement at the
meeting, until a quorum is present. The act of a majority of the members present at any meeting at
which a quorum is in attendance shall be the act of a committee, unless the act of a greater number is
required by law, the Certificate of Incorporation of the Corporation, or these Bylaws.
4.9 Minutes. Each committee shall cause minutes of its proceedings to be prepared and
shall report the same to the Board of Directors upon the request of the Board of Directors. The
minutes of the proceedings of each committee shall be delivered to the Secretary of the Corporation
for placement in the minute books of the Corporation.
4.10 Compensation. Committee members may, by resolution of the Board of Directors, be
allowed a fixed sum and expenses of attendance, if any, for attending any committee meetings or a
stated salary.
4.11 Responsibility. The designation of any committee and the delegation of authority
to it shall not operate to relieve the Board of Directors or any Director of any responsibility
imposed upon it or such Director by law.
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ARTICLE V: NOTICE
5.1 Method. Whenever by statute, the Certificate of Incorporation of the Corporation,
or these Bylaws, notice is required to be given to any committee member, Director, or stockholder
and no provision is made as to how such notice shall be given, personal notice shall not be
required and any such notice may be given (a) in writing, by mail, postage prepaid, addressed to
such committee member, Director, or stockholder at his address as it appears on the books or (in
the case of a stockholder) the stock transfer records of the Corporation, or (b) by any other
method permitted by law (including but not limited to overnight courier service, telegram, or
facsimile or other form of electronic transmission, provided such other form of electronic
transmission creates a record that may be retained, retrieved, and reviewed by the recipient
thereof, may be directly reproduced in paper form by such recipient, and such recipient has
consented to the delivery of notice by such method). Notice shall be deemed given, if mailed, when
deposited in the United States Mail with postage prepaid, delivered to the overnight courier
service or telegram service, or transmitted by facsimile or other form of electronic transmission,
as applicable, and in each case with any and all charges prepaid and addressed as aforesaid. If to
a stockholder electronically, notice shall be deemed given (i) if by facsimile, when directed to a
number at which the stockholder has consented to receive notice; (ii) if by electronic mail, when
directed to an electronic mail address at which the stockholder has consented to receive notice;
(iii) if by posting on an electronic network together with separate notice to the stockholder of
such specific posting, upon the later of (A) such posting and (B) the giving of such separate
notice; and (iv) by any other form of electronic transmission, when directed to the stockholder.
5.2 Waiver. Whenever any notice is required to be given to any stockholder, Director, or committee
member of the Corporation by statute, the Certificate of Incorporation of the Corporation, or these
Bylaws, a waiver thereof in writing signed by the person or persons entitled to such notice,
whether before or after the time stated therein, shall be equivalent to the giving of such notice.
Attendance of a stockholder, Director, or committee member at a meeting shall constitute a waiver
of notice of such meeting, except where such person attends for the express purpose of objecting to
the transaction of any business on the ground that the meeting is not lawfully called or convened.
ARTICLE VI: OFFICERS
6.1 Number; Titles; Term of Office. The officers of the Corporation may be a Chairman
of the Board, a Chief Executive Officer, a Secretary, and such other officers as the Board of
Directors may from time to time elect or appoint, including a President, one or more Vice
Presidents (with each Vice President to have such descriptive title, if any, as the Board of
Directors shall determine) and a Treasurer. Each officer shall hold office until his successor
shall have been duly elected and shall have qualified, until his death, or until he shall resign or
shall have been removed in the manner hereinafter provided. Any two or more offices may be held by
the same person. None of the officers need be a stockholder or a Director of the Corporation or a
resident of the State of Delaware.
6.2 Removal. Any officer or agent elected or appointed by the Board of Directors may
be removed by the Board of Directors whenever in its judgment the best interest of the Corporation
will be served thereby, but such removal shall be without prejudice to the contract rights, if any,
of the person so removed. Election or appointment of an officer or agent shall not of itself
create contract rights.
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6.3 Vacancies. Any vacancy occurring in any office of the Corporation (by death,
resignation, removal, or otherwise) may be filled by the Board of Directors.
6.4 Authority. Officers shall have such authority and perform such duties in the
management of the Corporation as are provided in these Bylaws or as may be determined by resolution
of the Board of Directors not inconsistent with these Bylaws. Without limiting the foregoing, and
unless expressly limited by the Board of Directors, all instruments requiring execution by the
Corporation, including but not limited to all contracts, agreements, indentures, checks or demands
for money, notes, bonds, debentures, other obligations, other evidences of indebtedness and
mortgages that the Corporation is authorized to execute, may be executed, for and on behalf of the
Corporation, by the Chairman of the Board, the Chief Executive Officer, the President, or any Vice
President. Any person having authority to sign on behalf of the Corporation may
delegate by instrument in writing, all or any part of such authority to an employee of the
Corporation.
6.5 Compensation. The compensation, if any, of officers and agents shall be fixed
from time to time by the Board of Directors; provided, however, that the Board of Directors may
delegate the power to determine the compensation of any officer and agent (other than the officer
to whom such power is delegated) to the Chairman of the Board or the Chief Executive Officer, if
such office has been filled, and, if not or if the Chief Executive Officer is absent or otherwise
unable to act, the President.
6.6 Chairman of the Board. The Chairman of the Board shall preside at all meetings of
the stockholders and, except as may otherwise be determined by the Board of Directors, all meetings
of the Board of Directors and shall have such duties and powers as may from time to time be
prescribed by the Board of Directors. Such officer may sign all certificates for shares of stock
of the Corporation.
6.7 Chief Executive Officer. Unless such powers and duties are granted to the
Chairman of the Board, the Chief Executive Officer shall, subject to the supervision of the Board
of Directors of the Corporation, have general executive charge, management, and control of the
properties and operations of the Corporation in the ordinary course of its business, with all such
powers with respect to such properties and operations as may be reasonably incident to such
responsibilities. In the absence or inability to act of the Chairman of the Board, the Chief
Executive Officer shall exercise all of the powers and discharge all of the duties of the Chairman
of the Board. As between the Corporation and third parties, any action taken by the Chief
Executive Officer in the performance of the duties of the Chairman of the Board shall be conclusive
evidence that the Chairman of the Board is absent or unable to act.
6.8 President. In the absence of the Chief Executive Officer or if such office has
not been filled or in the event of his inability or refusal to act, the President shall perform the
duties and exercise the powers of the Chief Executive Officer. The President shall otherwise have
such other duties and powers as the Board of Directors from time to time may prescribe.
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6.9 Vice Presidents. Each Vice President shall have such powers and duties as may be
assigned to him by the Board of Directors, the Chairman of the Board, or the Chief Executive
Officer, and (in order of their seniority as determined by the Board of Directors or, in the
absence of such determination, as determined by the length of time they have held the office of
Vice President) shall exercise the powers of the President during that officers absence or
inability to act. As between the Corporation and third parties, any action taken by a Vice
President in the performance of the duties of the President shall be conclusive evidence of the absence or
inability to act of the President at the time such action was taken.
6.10 Treasurer. The Treasurer shall have custody of the Corporations funds and
securities, shall keep full and accurate account of receipts and disbursements, shall deposit all
monies and valuable effects in the name and to the credit of the Corporation in such depository or
depositories as may be designated by the Board of Directors, and shall perform such other duties as
may be prescribed by the Board of Directors, the Chairman of the Board, or the Chief Executive
Officer.
6.11 Assistant Treasurers. Each Assistant Treasurer shall have such powers and duties
as maybe assigned to him by the Board of Directors, the Chairman of the Board, or the Chief
Executive Officer. The Assistant Treasurers (in the order of their seniority as determined by the
Board of Directors or, in the absence of such a determination, as determined by the length of time
they have held the office of Assistant Treasurer) shall exercise the powers of the Treasurer during
that officers absence or inability to act.
6.12 Secretary. Except as otherwise provided in these Bylaws, the Secretary shall
keep the minutes of all meetings of the Board of Directors and of the stockholders in books
provided for that purpose, and he shall attend to the giving and service of all notices. He may
sign with the Chairman of the Board or the Chief Executive Officer or any other authorized officer
of the Corporation, in the name of the Corporation, all contracts of the Corporation and affix the
seal of the Corporation thereto. He may sign with the Chairman of the Board or the Chief Executive
Officer or any Vice President all certificates for shares of stock of the Corporation, and he shall
have charge of the certificate books, transfer books, and stock papers as the Board of Directors
may direct, all of which shall at all reasonable times be open to inspection by any Director upon
application at the office of the Corporation during business hours. He shall in general perform
all duties incident to the office of the Secretary, subject to the control of the Board of
Directors, the Chairman of the Board, and the Chief Executive Officer.
6.13 Assistant Secretaries. Each Assistant Secretary shall have such powers and
duties as may be assigned to him by the Board of Directors, the Chairman of the Board, or the Chief
Executive Officer. The Assistant Secretaries (in the order of their seniority as determined by the
Board of Directors or, in the absence of such a determination, as determined by the length of time
they have held the office of Assistant Secretary) shall exercise the powers of the Secretary during
that officers absence or inability to act.
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ARTICLE VII: CERTIFICATES AND STOCKHOLDERS
7.1 Certificates for Shares. The shares of the Company may be represented by certificates or may be uncertificated. Every
holder of stock represented by certificates and upon request every holder of uncertificated shares
shall be entitled to have a certificate signed by, or in the name of the Corporation by, the
Chairman of the Board or the Chief Executive Officer or a Vice President and also by the Secretary
or an Assistant Secretary or by the Treasurer or an Assistant Treasurer of the Corporation
representing the number of shares registered in certificate form. Any and all signatures on the
certificate may be a facsimile. In case any officer, transfer agent, or registrar who has signed,
or whose facsimile signature has been placed upon, a certificate shall have ceased to be such an
officer, transfer agent or registrar before such certificate is issued, the certificate may
nevertheless be issued by the Corporation with the same effect as if such person were such officer,
transfer agent, or registrar at the date of issue.
7.2 Replacement of Lost or Destroyed Certificates. The Board of Directors may direct
a new certificate or certificates to be issued in place of a certificate or certificates
theretofore issued by the Corporation and alleged to have been lost or destroyed, upon the making
of an affidavit of that fact by the person claiming the certificate or certificates representing
shares to be lost or destroyed. When authorizing such issue of a new certificate or certificates
the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof,
require the owner of such lost or destroyed certificate or certificates, or his legal
representative, to advertise the same in such manner as it shall require and/or to give the
Corporation a bond with a surety or sureties satisfactory to the Corporation in such sum as it may
direct as indemnity against any claim, or expense resulting from a claim, that may be made against
the Corporation with respect to the certificate or certificates alleged to have been lost or
destroyed.
7.3 Transfer of Shares. Shares of stock of the Corporation shall be transferable only
on the books of the Corporation by the holders thereof in person or by their duly authorized
attorneys or legal representatives. Upon surrender to the Corporation or the transfer agent of the
Corporation of a certificate representing shares duly endorsed or accompanied by proper evidence of
succession, assignment, or authority to transfer, the Corporation or its transfer agent shall issue
a new certificate to the person entitled thereto, cancel the old certificate, and record the
transaction upon its books.
7.4 Registered Stockholders. The Corporation shall be entitled to treat the holder of
record of any share or shares of stock as the holder in fact thereof and, accordingly, shall not be
bound to recognize any equitable or other claim to or interest in such share or shares on the part
of any other person, whether or not it shall have express or other notice thereof, except as
otherwise provided by law.
7.5 Regulations. The Board of Directors shall have the power and authority to make
all such rules and regulations as they may deem expedient concerning the issue, transfer, and
registration or the replacement of certificates for shares of stock of the Corporation.
7.6 Legends. The Board of Directors shall have the power and authority to provide
that certificates representing shares of stock bear such legends as the Board of Directors deems
appropriate to assure that the Corporation does not become liable for violations of federal or
state securities laws or other applicable law.
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ARTICLE VIII: MISCELLANEOUS PROVISIONS
8.1 Dividends. Subject to provisions of law and the Certificate of Incorporation of
the Corporation, dividends may be declared by the Board of Directors at any regular or special
meeting and may be paid in cash, in property, or in shares of stock of the Corporation. Such
declaration and payment shall be at the discretion of the Board of Directors.
8.2 Reserves. There may be created by the Board of Directors out of funds of the
Corporation legally available therefor such reserve or reserves as the Directors from time to time,
in their discretion, consider proper to provide for contingencies, to equalize dividends, or to
repair or maintain any property of the Corporation, or for such other purpose as the Board of
Directors shall consider beneficial to the Corporation, and the Board of Directors may modify or
abolish any such reserve in the manner in which it was created.
8.3 Books and Records. The Corporation shall keep correct and complete books and
records of account, shall keep minutes of the proceedings of its stockholders and Board of
Directors and shall keep at its registered office or principal place of business, or at the office
of its transfer agent or registrar, a record of its stockholders, giving the names and addresses of
all stockholders and the number and class of the shares held by each.
8.4 Fiscal Year. The fiscal year of the Corporation shall be fixed by the Board of
Directors.
8.5 Seal. The seal of the Corporation shall be such as from time to time may be
approved by the Board of Directors.
8.6 Resignations. Any Director, committee member, or officer may resign by so stating
at any meeting of the Board of Directors or by giving written notice to the Board of Directors, the
Chairman of the Board, the Chief Executive Officer, or the Secretary. Such resignation shall take
effect at the time specified therein or, if no time is specified therein, immediately upon its
receipt. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make
it effective.
8.7 Securities of Other Corporations. The Chairman of the Board, the Chief Executive
Officer, or any Vice President of the Corporation shall have the power and authority to transfer,
endorse for transfer, vote, consent, or take any other action with respect to any securities of
another issuer which may be held or owned by the Corporation and to make, execute, and deliver any
waiver, proxy, or consent with respect to any such securities.
8.8 Telephone Meetings. Stockholders (acting for themselves or through a proxy),
members of the Board of Directors, and members of a committee of the Board of Directors may
participate in and hold a meeting of such stockholders, Board of Directors, or committee by means
of a conference telephone or similar communications equipment by means of which persons
participating in the meeting can hear each other, and participation in a meeting pursuant to this
Section shall constitute presence in person at such meeting, except where a person participates in
the meeting for the express purpose of objecting to the transaction of any business on the ground
that the meeting is not lawfully called or convened.
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8.9 Action Without a Meeting.
(a) Except as otherwise provided in the Certificate of Incorporation of the
Corporation, any action required by the DGCL to be taken at any annual or special meeting of
the stockholders, or any action which may be taken at any annual or special meeting of the
stockholders, may be taken without a meeting, without prior notice, and without a vote, if a
consent or consents in writing, setting forth the action so taken, shall be signed by the
holders (acting for themselves or through a proxy) of outstanding stock having not less than
the minimum number of votes that would be necessary to authorize or take such action at a
meeting at which the holders of all shares entitled to vote thereon were present and voted
and shall be delivered to the Corporation by delivery to its registered office in the State
of Delaware, its principal place of business, or an officer or agent of the Corporation
having custody of the book in which proceedings of meetings of stockholders are recorded.
Every written consent of stockholders shall bear the date of signature of each stockholder
who signs the consent and no written consent shall be effective to take the corporate action
referred to therein unless, within sixty days of the earliest dated consent delivered in the
manner required by this Section 8.9(a) to the Corporation, written consents signed by a
sufficient number of holders to take action are delivered to the Corporation by delivery to
its registered office in the State of Delaware, its principal place of business, or an
officer or agent of the Corporation having custody of the book in which proceedings of
meetings of stockholders are recorded. Delivery made to the Corporations registered
office, principal place of business, or such officer or agent shall be by hand or by
certified or registered mail, return receipt requested.
(b) Except as otherwise provided in the Certificate of Incorporation of the Corporation
or in these Bylaws, any action required or permitted to be taken at a meeting of the Board
of Directors, or of any committee of the Board of Directors, may be taken without a meeting
if a consent or consents in writing, setting forth the action so taken, shall be signed by
all the Directors or all the committee members, as the case may be, entitled to vote with
respect to the subject matter thereof, and such consent shall have the same force and effect
as a vote of such Directors or committee members, as the case may be, and may be stated as
such in any certificate or document filed with the Secretary of State of the State of
Delaware or in any certificate delivered to any person. Such consent or consents shall be
filed with the minutes of proceedings of the board or committee, as the case maybe.
8.10 Invalid Provisions. If any part of these Bylaws shall be held invalid or
inoperative for any reason, the remaining parts, so far as it is possible and reasonable, shall
remain valid and operative.
8.11 Mortgages, etc. With respect to any deed, deed of trust, mortgage, or other
instrument executed by the Corporation through its duly authorized officer or officers, the
attestation to such execution by the Secretary of the Corporation shall not be necessary to
constitute such deed, deed of trust, mortgage, or other instrument a valid and binding obligation
against the Corporation unless the resolutions, if any, of the Board of Directors authorizing such
execution expressly state that such attestation is necessary.
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8.12 Headings. The headings used in these Bylaws have been inserted for
administrative convenience only and do not constitute matter to be construed in interpretation.
8.13 References. Whenever herein the singular number is used, the same shall include
the plural where appropriate, and words of any gender should include each other gender where
appropriate.
8.14 Amendments. The Board of Directors may, upon the affirmative vote of a majority
of the Directors in accordance with Section 3.11 hereof, make, adopt alter, amend, and repeal from
time to time these Bylaws and make from time to time new Bylaws of the Corporation (subject to the
right of the stockholders entitled to vote thereon to adopt, alter, amend, and repeal Bylaws made
by the Board of Directors or to make new Bylaws); provided, however, that the stockholders of the
Corporation may adopt, alter, amend, or repeal Bylaws made by the Board of Directors or make new
Bylaws solely upon the affirmative vote of the holders of at least a majority of the outstanding
shares of each class of capital stock then entitled to vote thereon.
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The undersigned Secretary of the Corporation hereby certifies that the foregoing Amended and
Restated Bylaws were adopted pursuant to the duly adopted resolution of the Board of Directors as
of March 9, 2010.
/s/ Nick H. Varsam | ||||
Name: | Nick H. Varsam | |||
Title: | Vice President, General Counsel and Corporate Secretary | |||
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