Company: SACH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001410578-25-000587
Chunk: 34

Company: Sachem Capital Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 34
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Item 9B. Other Information

Amendment of Bylaws

On March 25, 2025, the Board adopted and approved the Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective as of such date. The Amended and Restated Bylaws, among other things:

●Adopt advance notice requirements for shareholders submitting a director nomination or shareholder proposal pursuant to the Amended and Restated Bylaws, including requiring certain information about such nomination or proposal and the nominating or proposing shareholder;

●Require shareholders seeking to take action by written consent in lieu of a shareholder meeting to request that the Board fix a record date for the purpose of determining the shareholders entitled to take such action;

●Specify the powers of the chair of a shareholder meeting to regulate conduct at such meeting and to adjourn the meeting;

●Require director candidates to make themselves available for interviews with members of the Board;

●Provide that special meetings of the Board may be held with less than 24 hours’ notice, if necessary or appropriate under the circumstances; 

●Conform certain provisions of the Amended and Restated Bylaws to terms of the New York Business Corporation Law, including as related to quorum requirements, notices of shareholder meetings, and the maintenance of shareholder lists; and

●Make various other updates, including ministerial and conforming changes and the elimination of obsolete provisions.

The foregoing does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Bylaws attached hereto as Exhibit 3.2 and incorporated herein by reference.