Company: BWNB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001104659-25-036850
Chunk: 90

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 90
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 I will be the directors elected to the Board of Directors at the 2025 Annual Meeting and the directors who, immediately prior to the 2025 Annual Meeting, were in Class II and had terms expiring at the 2027 Annual Meeting; the directors in Class II will be the directors who, immediately prior to the 2025 Annual Meeting, were in Class I and had terms expiring at the 2026 Annual Meeting. (iii) Commencing with the election of directors at the 2026 Annual Meeting, the directors in Class II will be up for election for a one-year term ending at the 2027 Annual Meeting and, commencing with the election of directors at the 2027 Annual Meeting, the Board of Directors will no longer have classified terms and all directors will be elected for a term expiring at the following annual meeting of stockholders, or if earlier, their death or resignation and may be removed with or without cause as provided in the DGCL. At each annual election prior to the 2027 Annual Meeting , the directors chosen to succeed those whose terms then expire will be of the same class as the directors they succeed, unless, by reason of any intervening changes in the authorized number of directors, the Board of Directors shall have has designated one or more directorships whose term then expires as directorships of another class in order more nearly to achieve equality of number of directors among the classes. Prior to the 2026 Annual Meeting, (i) in In the event of any change in the authorized number of directors, each director then continuing to serve as such will nevertheless continue as a director of the class of which he or she is a B-1 TABLE OF CONTENTS member until the expiration of his or her current term, or his or her prior death, resignation or removal . The , and (ii) the Board of Directors will specify the class to which a newly created directorship will be allocated. Election of directors need not be by written ballot unless the Bylaws of the Corporation so provide. Removal of Directors. No director of the Corporation may be removed from office as a director by vote or other action of the stockholders or otherwise, except for cause or a Board Determination (as defined below), and then only by the affirmative vote of the holders of at least eighty percent (80%) of the voting power of all then outstanding shares of capital stock of the Corporation generally entitled to vote in the election of directors, voting together as a single class. Except as applicable law otherwise provides and unless the Board