Attached files
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8-K - FORM 8-K - T-3 ENERGY SERVICES INC | h78721e8vk.htm |
EX-3.2 - EX-3.2 - T-3 ENERGY SERVICES INC | h78721exv3w2.htm |
EX-99.1 - EX-99.1 - T-3 ENERGY SERVICES INC | h78721exv99w1.htm |
EX-99.2 - EX-99.2 - T-3 ENERGY SERVICES INC | h78721exv99w2.htm |
Exhibit 3.1
AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION
OF
T-3 ENERGY SERVICES, INC.
CERTIFICATE OF INCORPORATION
OF
T-3 ENERGY SERVICES, INC.
ARTICLE I
NAME
The name of the corporation is T-3 Energy Services, Inc. (the Corporation).
ARTICLE II
REGISTERED OFFICE AND AGENT
The address of its registered office in the State of Delaware is 2711 Centerville Road, Suite
400, in the City of Wilmington, County of New Castle, State of Delaware 19808 and the name of its
registered agent at such address is the Corporation Service Company.
ARTICLE III
EXISTENCE
The Corporation shall have perpetual existence.
ARTICLE IV
PURPOSE
The purpose of the Corporation is to engage in any lawful act or activities for which
corporations may be organized under the General Corporation Law of the State of Delaware (as from
time to time in effect, the DGCL).
ARTICLE V
AUTHORIZED CAPITAL STOCK
The Corporation shall have the authority to issue an aggregate of 75,000,000 shares,
consisting of 25,000,000 shares of Preferred Stock, par value $.001 per share (Preferred Stock)
and 50,000,000 shares of Common Stock, par value $.001 per share (Common Stock).
A. Issuance of Preferred Stock. Preferred Stock may be issued from time to time by
the Board of Directors as shares of one or more series. Subject to the provisions of this paragraph
A and limitations prescribed by law, the Board of Directors is vested with the authority and is
expressly authorized, prior to issuance, by adopting resolutions providing for the issuance of, or
providing for a change in the number of, shares of any particular series and, if and to the extent
from time to time required by the DGCL, by filing a certificate pursuant to the DGCL, to establish
or change the number of shares to be included in each such series and to fix the designation and
powers, preferences and rights and the qualifications and limitations thereof or restrictions
thereon relating to the shares of each such series, all to the maximum extent permitted by the
DGCL. The authority of the Board of Directors with respect to each series shall include, but not be
limited to, the determination of the following:
(1) the distinctive serial designation of the series and the number of shares constituting the
series;
(2) the annual dividend rate, if any, on shares of the series and the preferences, if any,
over shares of any other class or another series of the same class (or of shares of any other class
or of another series over such series) with respect to dividends, and whether dividends shall be
cumulative and, if so, from which date or dates;
(3) whether the shares of the series shall be redeemable and, if so, the terms and conditions
of their redemption, including the date or dates upon and after which such shares shall be
redeemable, and the amount per share payable in case of redemption, which may vary under different
conditions and at different redemption dates;
(4) the obligation, if any, of the Corporation to purchase or redeem shares of the series
pursuant to a sinking fund or purchase fund and the terms of any such obligation;
(5) whether shares of the series shall be convertible into, or exchangeable for, shares of
stock of any other class or classes, shares of any series of the same class or any evidence of
indebtedness, and, if so, the terms and conditions of conversion or exchange, including the price
or prices or the rate or rates of conversion or exchange;
(6) whether the shares of the series shall have voting rights in addition to the voting rights
provided by law, and, if so, the terms of such voting rights, including whether such shares shall
have the right to vote with the Common Stock on issues on an equal, greater or lesser basis;
(7) the rights of the shares of the series in the event of a voluntary or involuntary
liquidation, dissolution, winding up or distribution of assets of the Corporation;
(8) whether the shares of the series shall be entitled to the benefit of conditions and
restrictions upon (i) the
creation of indebtedness of the Corporation or any subsidiary, (ii) the issuance of any
additional stock (including additional shares of the series or of any other series) or (iii) the
payment of dividends or the making of other distributions on the purchase, redemption or other
acquisition by the Corporation or any subsidiary of any outstanding stock of the Corporation; and
(9) any other relative rights, powers, preferences, qualifications, limitations or
restrictions thereof, including, but not limited to, any that may be determined in connection with
the adoption of any stockholder rights plan relating to any such series.
Except as otherwise set forth in the resolution or resolutions adopted by the Board of
Directors providing for the issuance of any series of Preferred Stock, the number of shares
comprising such series may be increased or decreased (but not below the number of shares then
outstanding) from time to time by like action of the Board of Directors. The shares of Preferred
Stock of any one series shall be identical with the other shares in the same series in all respects
except as to the dates from and after which dividends thereon shall cumulate, if cumulative.
B. Redeemed or Reacquired Shares of Preferred Stock. Shares of any series of any
Preferred Stock that have been redeemed (whether through the operation of a sinking fund or
otherwise) or purchased by the Corporation, or which, if convertible or exchangeable, have been
converted into, or exchanged for, shares of stock of any other class or classes, any other series
of the same class, or any evidences of indebtedness, shall have the status of authorized and
unissued shares of Preferred Stock and may be reissued as a part of the series of which they were
originally a part, or may be reclassified and reissued as part of a new series of Preferred Stock
to be created by resolution or resolutions of the Board of Directors or as part of any other series
of Preferred Stock, all subject to the conditions or restrictions on issuance set forth in the
resolution or resolutions adopted by the Board of Directors providing for the issuance of any
series of Preferred Stock and to any filing required by law.
C. Common Stock. The Common Stock is junior to the Preferred Stock and is subject to
all the powers, rights, privileges, preferences and priorities of the Preferred Stock as herein set
forth and as may be stated in any resolutions of the Board of Directors regarding Preferred Stock.
Subject to all rights of the Preferred Stock, dividends may be paid on the Common Stock as and when
declared by the Board of Directors of the Corporation out of any funds of the Corporation legally
available for the payment thereof. After payment shall have been made in full to the holders of the
Preferred Stock in the event of any liquidation, dissolution or winding up of the affairs of the
Corporation, the remaining assets and funds of the Corporation shall be distributed to the holders
of Common Stock according to their respective shares. Except as otherwise provided by law and
subject to the voting rights conferred on the Preferred Stock or any series thereof by any
Directors Resolution, the holders of shares of Common Stock shall possess exclusive voting rights
for the election of directors and for all other purposes, each holder of Common Stock on the date
fixed for determining the stockholders entitled to vote being entitled to one vote for each share
of Common Stock held of record by such holder.
D. Denial of Preemptive Rights. No holder of any stock of the Corporation shall be
entitled as such, as a matter of right, to subscribe for or purchase any part of any new or
additional issue of stock of any class of the Corporation, or of securities convertible into or
exchangeable for stock of any class, whether now or hereafter authorized, or whether issued for
cash or other consideration or by way of dividend.
E. Denial of Cumulative Voting. No holder of any stock of the Corporation shall have
the right of cumulative voting at any election of directors or upon any other matter.
ARTICLE VI
AMENDMENT OF BYLAWS
The Board of Directors shall have the power to make, alter, amend and repeal the Corporations
bylaws. Any bylaws made, altered or amended by the Board of Directors under the powers conferred
hereby may be further altered or amended, or repealed, by the directors or by the stockholders;
provided, however, that the bylaws shall not be altered, amended or repealed and no provision
inconsistent therewith shall be adopted by stockholder action without the affirmative vote of at
least a majority of the voting power of the then outstanding shares entitled to vote generally in
the election of directors, voting together as a single class.
ARTICLE VII
BOARD OF DIRECTORS
The number of directors of the Corporation shall be such as from time to time shall be fixed
by, or in the manner provided in, the bylaws. Election of directors need not be by ballot unless
the bylaws so provide.
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ARTICLE VIII
DIRECTOR LIABILITY
No director of the Corporation shall be personally liable to the Corporation or to its
stockholders for monetary damages for breach of fiduciary duty as a director, provided that this
Article VIII shall not eliminate or limit the liability of a director:
(1) for any breach of the directors duty of loyalty to the Corporation or its stockholders,
(2) for acts or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law,
(3) under Section 174 of the DGCL, as it may hereafter be amended from time to time, for any
unlawful payment of a dividend or unlawful stock purchase or redemption, or
(4) for any transaction from which the director derived an improper personal benefit.
If the DGCL is amended to authorize corporate action further eliminating or limiting the
personal liability of directors, then the liability of a director of the Corporation shall be
eliminated or limited to the fullest extent permitted by the DGCL, as so amended. No amendment to
or repeal of this Article VIII will apply to, or have any effect on, the liability or alleged
liability of any director of the Corporation for or with respect to any acts or omissions of the
director occurring prior to such amendment or repeal.
ARTICLE IX
INDEMNIFICATION
A. Mandatory Indemnification. Each person who at any time is or was a director or
officer of the Corporation, and is threatened to be or is made a party to any threatened, pending
or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative or
investigative (a Proceeding), by reason of the fact that such person is or was a director or
officer of the Corporation, or is or was serving at the request of the Corporation as a director,
officer, partner, venturer, proprietor, member, employee, trustee, agent or similar functionary of
another domestic or foreign corporation, partnership, joint venture, sole proprietorship, trust,
employee benefit plan or other for-profit or non-profit enterprise, whether the basis of a
Proceeding is alleged action in such persons official capacity or in another capacity while
holding such office, shall be indemnified and held harmless by the Corporation to the fullest
extent authorized by the DGCL, or any other applicable law as may from time to time be in effect
against all expense, liability and loss (including, without limitation, court costs and attorneys
fees, judgments, fines, excise taxes or penalties, and amounts paid or to be paid in settlement)
actually and reasonably incurred or suffered by such person in connection with a Proceeding if such
person acted in good faith and in a manner the person reasonably believed to be in or not opposed
to the best interests of the Corporation, and, with respect to any criminal action or proceeding,
had no reasonable cause to believe his conduct was unlawful, and such indemnification shall
continue as to a person who has ceased to be a director or officer of the Corporation or a
director, officer, partner, venturer, proprietor, member, employee, trustee, agent or similar
functionary of another domestic or foreign corporation, partnership, joint venture, sole
proprietorship, trust, employee benefit plan or other for-profit or non-profit enterprise, and
shall inure to the benefit of such persons heirs, executors and administrators. The Corporations
obligations under this paragraph A include, but are not limited to, the convening of any meeting,
and the consideration of any matter thereby, required by statute in order to determine the
eligibility of any person for indemnification.
B. Advancement of Expenses. Expenses incurred by a director or officer of the
Corporation in defending a Proceeding shall be paid by the Corporation in advance of the final
disposition of such Proceeding to the fullest extent permitted by, and only in compliance with, the
DGCL or any other applicable laws as may from time to time be in effect, including, without
limitation, any provision of the DGCL which requires, as a condition precedent to such expense
advancement, the delivery to the Corporation of an undertaking, by or on behalf of such director or
officer, to repay all amounts so advanced if it shall ultimately be determined that such director
or officer is not entitled to be indemnified under paragraph A of this Article IX or otherwise.
Repayments of all amounts so advanced shall be upon such terms and conditions, if any, as the
Corporations Board of Directors deems appropriate.
C. Vesting. The Corporations obligation to indemnify and to advance expenses under
paragraphs A and B of this Article IX shall arise, and all rights granted to the Corporations
directors and officers hereunder shall vest, at the time of the occurrence of the transaction or
event to which a Proceeding relates, or at the time that the action or conduct to which such
Proceeding relates was first taken or engaged in (or omitted to be taken or engaged in), regardless
of when such Proceeding is first threatened, commenced or completed. Notwithstanding any other
provision of this Certificate of Incorporation or the bylaws of the Corporation, no action taken by
the Corporation, either by amendment of this Certificate of Incorporation or the bylaws of the
Corporation or otherwise, shall
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diminish or adversely affect any rights to indemnification or prepayment of expenses granted
under paragraphs A and B of this Article IX which shall have become vested as aforesaid prior to
the date that such amendment or other corporate action is effective or taken, whichever is later.
D. Enforcement. If a claim under either or both of paragraphs A and B of this Article
IX is not paid in full by the Corporation within thirty days after a written claim has been
received by the Corporation, the claimant may at any time thereafter bring suit in a court of
competent jurisdiction against the Corporation to recover the unpaid amount of the claim and, if
successful in whole or in part, the claimant shall also be entitled to be paid the expense of
prosecuting such claim. It shall be a defense to any such suit (other than a suit brought to
enforce a claim for expenses incurred in defending any Proceeding in advance of its final
disposition where the required undertaking, if any is required, has been tendered to the
Corporation) that the claimant has not met the standards of conduct which make it permissible under
the DGCL or other applicable law to indemnify the claimant for the amount claimed, but the burden
of proving such defense shall be on the Corporation. The failure of the Corporation (including its
Board of Directors, independent legal counsel, or stockholders) to have made a determination prior
to the commencement of such suit as to whether indemnification is proper in the circumstances based
upon the applicable standard of conduct set forth in the DGCL or other applicable law shall neither
be a defense to the action nor create a presumption that the claimant has not met the applicable
standard of conduct. The termination of any Proceeding by judgment, order, settlement, conviction,
or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption
that the person did not act in good faith and in a manner which such person reasonably believed to
be in or not opposed to the best interests of the Corporation, and, with respect to any criminal
Proceeding, had reasonable cause to believe that his conduct was unlawful.
E. Nonexclusive. The indemnification and advancement provided by this Article IX
shall not be deemed exclusive of any other rights to which a person seeking indemnification and
advancement may be entitled under any statute, bylaw, other provisions of this Certificate of
Incorporation, agreement, vote of the stockholders or disinterested directors or otherwise, both as
to action in such persons official capacity and as to action in another capacity while holding
such office.
F. Permissive Indemnification. The rights to indemnification and prepayment of
expenses which are conferred to the Corporations directors and officers by paragraphs A and B of
this Article IX may be conferred upon any employee or agent of the Corporation if, and to the
extent, authorized by the Board of Directors.
G. Insurance. The Corporation shall have power to purchase and maintain insurance, at
its expense, on behalf of any person who is or was a director, officer, employee or agent of the
Corporation, or is or was serving at the request of the Corporation as a director, officer,
partner, venturer, proprietor, member, employee, trustee, agent or similar functionary of another
domestic or foreign corporation, partnership, joint venture, sole proprietorship, trust, employee
benefit plan or other for-profit or non-profit enterprise against any expense, liability or loss
asserted against such person and incurred by such person in any such capacity, or arising out of
such persons status as such, whether or not the Corporation would have the power to indemnify him
against such expense, liability or loss under the Corporations bylaws, the provisions of this
Article IX, the DGCL or other applicable law.
H. Other Arrangements for Indemnification. Without limiting the power of the
Corporation to procure or maintain insurance or other arrangement on behalf of any of the persons
as described in paragraph G of this Article IX, the Corporation may, for the benefit of persons
eligible for indemnification by the Corporation, (1) create a trust fund, (2) establish any form of
self-insurance, (3) secure its indemnity obligation by grant of a security interest or other lien
on the assets of the Corporation or (4) establish a letter of credit, guaranty or surety
arrangement.
ARTICLE X
DGCL SECTION 203
The Corporation elects to not be governed by Section 203 of the DGCL.
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