Company: JBI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015724
Chunk: 88

Company: Janus International Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 88
---
 Amendments”) to amend and restate our Certificate to eliminate the Supermajority Voting Requirements. As part of our Board’s regular review of our corporate governance, our Board considered the advantages and disadvantages of retaining the Supermajority Voting Requirements, as well as advice from outside experts and our advisors regarding matters of corporate governance. The Board considered that under certain circumstances, the Supermajority Voting Requirements may provide certain protections to the Company and its shareholders by making it more difficult for one or a few large shareholders to facilitate a takeover of the Company or implement fundamental changes to the Company without the support of a broad consensus of shareholders. The Board also considered, however, that many shareholders believe that supermajority voting requirements can impede the accountability of directors to the shareholders. After balancing these considerations, the Board determined it was advisable and in the best interests of the Company and its shareholders to eliminate the Supermajority Vote Requirements. The general description of the Supermajority Elimination Amendments set forth here is only a summary and is qualified in its entirety be reference to the full text of the Third Amended and Restated Certificate of Incorporation, in the form attached hereto as Annex A, which would effect the Supermajority Elimination Amendments. If approved by shareholders, the proposed Supermajority Elimination Amendments would eliminate each Supermajority Voting Requirement such that the vote required in the future for shareholders to amend each of the Certificate and the Bylaws, as well as to remove directors, would be decreased to the affirmative vote of at least a majority of the total voting power of the then-outstanding shares of stock entitled to vote generally in the election of directors. Different voting standards apply to the various provisions proposed to be amended, and accordingly, different votes are required for the approval of each of the proposals, as set forth in Proposal 5(a) and 5(b) below. Shareholders will vote on Proposals 5(a) and 5(b) separately, and the approval of each proposal is not conditioned on the approval of the other proposals; each proposal may be approved or rejected independently. If our shareholders approve either of the Supermajority Elimination Amendments described in Proposals 5(a) and 5(b) below, we intend to file with the Secretary of State of the State of Delaware the Third Amended and Restated Certificate of Incorporation in the form attached hereto as Annex A,which will implement those Supermajority Elimination Amendments which are approved by shareholders (and any other amendment to our Certificate approved by shareholders) and become effective