Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 80

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 80
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 judgment in furtherance of stockholder interests. In addition, officer exculpation provisions are intended to minimize frivolous lawsuits that name officers as defendants as a litigation strategy to compel settlement offers when directors cannot be named because of existing exculpatory protections. Considering the limited cases and types of claims for which officers' liability would be exculpated and the benefits that the Board believes would accrue to the Company and its stockholders in the form of an enhanced ability to attract and retain talented officers, the Board has determined that it is in the best interests of the Company and its stockholders to approve the Proposed Amendment.

In the absence of such protection, such individuals might be deterred fropm serving as officers due to exposure to personal liability and the risk of incurring substantial expense in defending lawsuits, regardless of merit. Also, other public companies have updated their governing documents to align with this update to the DGCL, and we expect this practice to continue. Therefore, our ability to attract and retain highly qualified officer candidates may be adversely impacted if we do not make similar updates to our Certificate.

If stockholders approve the Proposed Amendment at the Annual Meeting, Article SEVENTH of the Certificate will be amended to read in its entirety as follows (with modifications underlined):

#### 602025 PROXY STATEMENT
| PROPOSAL 3: AMENDMENT TO CERTIFICATE OF INCORPORATION LIMITING LIABILITY OF OFFICERS |

SEVENTH: No director or officer of the Corporation shall be personally liable to the Corporation or any of its stockholders for monetary damages for breach of fiduciary duty as a director or officer ; provided, however, that the foregoing provisions will not eliminate or limit the liability of a director or officer (as applicable) (a) for any breach of that director’s or officer’s duty of loyalty to the Corporation or its stockholders, (b) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (c) under Section 174 of the DGCL, as the same exists or as that provision hereafter may be amended, supplemented or replaced, or (d) for any transactions from which that director or officer derived an improper personal benefit. If the DGCL is amended after the filing of this Certificate of Incorporation to authorize corporate action further eliminating or limiting the personal liability of directors or officers , then the liability of a director or officer of the Corporation, in addition to the limitation on personal liability provided herein, will be limited to the