Company: BWXT
Filing Date: 2025-03-06
Form Type: PRE 14A
Source: 0001486957-25-000011
Chunk: 77

Company: BWX Technologies, Inc.
Filing Date: 2025-03-06
Form: PRE 14A
Chunk 77
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5.

(2) As reported on Schedule 13G/A filed with the SEC on January 24, 2024, BlackRock, Inc. ("BlackRock") has beneficial ownership of 9,453,104 shares of our common stock. According to the Schedule 13G/A, BlackRock has sole voting power with respect to 9,181,558 shares of our common stock and sole dispositive power with respect to 9,453,104 shares of our common stock.

(3) As reported on Schedule 13G/A filed with the SEC on January 8, 2025, The Vanguard Group has beneficial ownership of 9,211,924 shares of our common stock. According to the Schedule 13G/A, The Vanguard Group has shared voting power with respect to 35,119 shares of our common stock, sole dispositive power with respect to 9,080,380 shares of our common stock and shared dispositive power with respect to 131,544 shares of our common stock.

#### 2025 PROXY STATEMENT59
| PROPOSAL 3: AMENDMENT TO CERTIFICATE OF INCORPORATION LIMITING LIABILITY OF OFFICERS |

PROPOSAL 3: AMENDMENT TO RESTATED CERTIFICATE OF INCORPORATION TO LIMIT THE LIABILITY OF OFFICERS AS PERMITTED BY DELAWARE LAW

On February 21, 2025, our Board of Directors unanimously adopted and recommends that the Company's stockholders approve the proposed amendment ("Proposed Amendment") to our Restated Certificate of Incorporation ("Certificate") as set forth in Appendix B hereto to provide for the elimination of monetary liability of certain officers for breach of fiduciary duty as an officer, except to the extent such an elimination is not permitted by the Delaware General Corporation Law ("DGCL").

Our Certificate currently contains a provision eliminating the personal liability of the Company's directors for monetary damages for breach of fiduciary duty as a director, except to the extent such an elimination is not permitted by the DGCL. Pursuant to an amendment to Section 102(b)(7) of the DGCL, effective in August 2022, a Delaware corporation is permitted to include in its certificate of incorporation a provision eliminating or limiting monetary liability for certain officers for breach of the duty of care in certain circumstances. As amended, Section 102(b)(7) of the DGCL provides that certain officers may be entitled to exculpation; namely: (i) a corporation's president,