Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 275

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 275
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 more classes. There is no statutory requirement under the TBOC that a specific proportion of directors must be elected annually, unless otherwise provided in the certificate of formation or bylaws.The board of directors of the Combined Company shall be divided into one class. Any director so chosen shall hold office until the next annual meeting of stockholders at which his or her term shall expire and until his or her successor shall be duly elected and qualified, or until such director’s earlier death, disqualification, resignation or removal. |
| Removal of Directors |       | The NRS requires the vote of the holders of at least two-thirds of the shares or class or series of shares of the issued and outstanding stock entitled to vote at an election of directors in order to remove a director or all of the directors. The articles of incorporation may provide for a voting threshold higher than two-thirds, but not                                                                                                                                                                                                                                                                                                                                                                     |       | Under the TBOC, unless otherwise provided in the certificate of formation or bylaws, one or more directors may be removed from office, with or without cause, by a vote of the holders of a majority of the shares entitled to vote in the election of directors. The certificate of formation or bylaws may specify a higher voting threshold for                                                                                                                                                                                                                                                                                                                                                                                                   |

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| Provisions                       | ​ ​ ​ | FGMC-NV (Nevada law)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | ​ ​ ​ | FGMC-TX (Texas law)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                  |       | lower; the NRS does not make a distinction between removals for cause and removals without cause.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |       | removal, but not a lower one. The TBOC does not require a distinction between removals for cause and removals without cause unless such a distinction is made in the certificate of formation or bylaws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                  |       | The Nevada Articles of Incorporation provide that directors may be removed only for cause. The Nevada Articles of Incorporation also provide that whenever the holders of Preferred Stock may elect a director, removal of that director from office shall be governed by the terms of that Preferred Stock.                                                                                                                                                                                                                                                                                                                                            |       | The Proposed Bylaws provide that any director or the entire Board may be removed from office at any time, with or without cause, and only by the affirmative vote of the holders of a majority of the total voting power of the outstanding shares of capital stock of the Combined Company entitled to vote generally in the election of directors, voting