Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 60

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 60
---
 to time, but will not be less than three. Our certificate of incorporation provides that directors may be removed only with
cause or upon a board determination (as such terms are defined in our certificate of incorporation) and, in either case, by a vote of
at least 80% of the voting power of our outstanding voting stock. A vacancy on our board of directors may be filled by a vote of a majority
of the directors in office, and a director appointed to fill a vacancy serves for the remainder of the term of the class of directors
in which the vacancy occurred. These provisions prevent our stockholders from removing incumbent directors without cause and filling
the resulting vacancies with their own nominees.

Our bylaws contain advance
notice and other procedural requirements that apply to stockholder nominations of persons for election to our board of directors at any
annual or special meeting of stockholders and to stockholder proposals that stockholders take any other action at any annual meeting.
In the case of any annual meeting, a stockholder proposing to nominate a person for election to our board of directors or proposing that
any other action be taken is required to give our Corporate Secretary written notice of the proposal not less than 90 days and not more
than 120 days before the anniversary of the date of the immediately preceding annual meeting of stockholders. These stockholder proposal
deadlines are subject to exceptions if the pending annual meeting date is more than 30 days prior to or more than 30 days after the anniversary
of the immediately preceding annual meeting. If the chairman of our board of directors or a majority of our board of directors calls
a special meeting of stockholders for the election of directors, a stockholder proposing to nominate a person for that election must
give our Corporate Secretary written notice of the proposal not earlier than 120 days prior to that special meeting and not later than
the last to occur of (1) 90 days prior to that special meeting or (2) the 10th day following the day we publicly disclose the
date of the special meeting. Our bylaws prescribe specific information that any such stockholder notice must contain. These advance notice
provisions may have the effect of precluding a contest for the election of our directors or the consideration of stockholder proposals
if the proper procedures are not followed, and of discouraging or deterring a third party from conducting a solicitation of proxies to
elect its own slate of directors or to approve its own proposal, without regard to whether consideration of those nominees or proposals