Company: ISBA
Filing Date: 2025-09-30
Form Type: 8-K
Source: 0000842517-25-000193
Chunk: 0

Company: ISABELLA BANK CORP
Filing Date: 2025-09-30
Form: 8-K
Item: Item 5.03
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

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On September 24, 2025, the Board of Directors (the "Board") of Isabella Bank Corporation, a Michigan corporation (the "Corporation"), approved and adopted the Second Amended and Restated Bylaws of the Corporation (the "Amended Bylaws"), effective immediately.

The Amended Bylaws amend and restate the Amended and Restated Bylaws of the Corporation, as amended (the "Former Bylaws"), to, among other things:

• provide that annual meetings of shareholders shall be held each year and only business properly brought before

any annual meeting of shareholders may be transacted at such annual meeting;

• clarify who may call a special meeting of shareholders;

• establish specific procedures surrounding a special meeting of shareholders;

• provide for the registration of proxies to be voted at meetings of shareholders;

• clarify the organization of meetings, the order of business at and the conduct of meetings of the shareholders;

• specify how shareholders are to submit proposals or director nominations;

• require that all shareholder-nominated director nominees for election or reelection to the Board must complete a

questionnaire disclosing certain commitments or relationships between the nominee and others of which the

Corporation may not otherwise be aware;

• provide that meetings of shareholders or the Board may be held by means of remote electronic communications,

as permitted by the Michigan Business Corporation Act (the "MBCA");

• amend the notice provisions of the Former Bylaws to more accurately reflect the requirements of the MBCA;

• provide that the Corporation is entitled to rely on its books and records of the registered owners of shares;

• provide that directors and officers of the Corporation are protected in certain circumstances when relying on

information, opinions, reports, or statements, including financial statements and other financial data, made by

certain experts (such as legal counsel, auditors or appraisers), consistent with the MBCA;

• provide that the indemnification and advancement of expenses to directors and executive officer (as such term is

defined in 17 C. F. R. 240.3b-7) of the Corporation shall be made to the fullest extent permitted under the MBCA

and consistent with Section 18(k) of the Federal Deposit Insurance Act and any regulations promulgated

thereunder including, but not limited to, 12 C. F. R. Part 359; and

• establish an exclusive forum for certain shareholder lawsuits