# EDGAR Filing Document

**Accession Number:** 0000877422
**File Stem:** 0001104659-25-091946
**Filing Date:** 2025-9
**Character Count:** 74324
**Document Hash:** 35a9abeb5d0ffdd7b06f5fa43efd2468
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-091946.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001104659-25-091946

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 20

**CONFORMED PERIOD OF REPORT**: 20250922

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SpartanNash Co
- **CENTRAL INDEX KEY:** 0000877422
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-GROCERIES & GENERAL LINE [5141]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 380593940
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-31127
- **FILM NUMBER:** 251328779

**BUSINESS ADDRESS:**
- **STREET 1:** 850 76TH ST SW
- **STREET 2:** P O BOX 8700
- **CITY:** GRAND RAPIDS
- **STATE:** MI
- **ZIP:** 49518
- **BUSINESS PHONE:** 6168782000

**MAIL ADDRESS:**
- **STREET 1:** 850 76TH ST SW
- **STREET 2:** PO BOX 8700
- **CITY:** GRAND RAPIDS
- **STATE:** MI
- **ZIP:** 49518

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SPARTAN STORES INC
- **DATE OF NAME CHANGE:** 19930328

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION** **WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): September 22, 2025**

![](tm2526608d1_8kimg006.jpg)

**SpartanNash Company**

**(Exact name of Registrant as Specified in Its Charter)**

---

| | | |
|:---|:---|:---|
| **Michigan** | **000-31127** | **38-0593940** |
| **(State or Other Jurisdiction<br> of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br> Identification No.)** |

---

---

| | |
|:---|:---|
| **850 76th Street, S.W. <br> P.O. Box 8700** | |
| **Grand Rapids, Michigan** | **49518-8700** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: (616) 878-2000**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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| |
|:---|
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

---

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br> Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, no par value | SPTN | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

**Introductory Note**

This Current Report on Form 8-K is being filed in connection with the completion of the transactions contemplated by the previously announced Agreement and Plan of Merger, dated as of June 22, 2025 (the "Merger Agreement"), by and among SpartanNash Company, a Michigan corporation (the "Company" or "SpartanNash"), New Mackinac HoldCo, Inc., a Delaware corporation (together with any successor or surviving entity, collectively, "Parent"), Mackinac Merger Sub, Inc., a Delaware corporation ("Merger Sub"), and C&S Wholesale Grocers, LLC, a Delaware limited liability company ("Guarantor" or "C&S").

On September 22, 2025, pursuant to the Merger Agreement, Merger Sub merged with and into the Company (the "Merger"), the separate corporate existence of Merger Sub ceased, the Company was the surviving corporation in the Merger (the "Surviving Corporation") and, as a result, is now a wholly-owned subsidiary of Parent.

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| | |
|:---|:---|
| **Item 1.02** | **Termination of a Material Definitive Agreement.** |

---

The information set forth under Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.02.

In connection with the completion of the Merger, on September 22, 2025, all outstanding obligations in respect of principal, interest and fees under that certain Amended and Restated Loan and Security Agreement, dated as of November 19, 2013 (the "Existing Credit Facility"), by and among the Borrowers (as defined in the Existing Credit Facility) party thereto, the Guarantors (as defined in the Existing Credit Facility) party thereto, the Lenders (as defined in the Existing Credit Facility) party thereto, Wells Fargo Capital Finance, LLC, as administrative and collateral agent, Wells Fargo Bank, National Association, Bank of America, N.A. and Fifth Third Bank, as Joint Lead Arrangers and Joint Bookrunners, Bank of America, N.A. and Fifth Third Bank, as Syndication Agents and BMO Harris Bank, N.A. and U.S. Bank, National Association, as Documentation Agents (as amended, amended and restated, supplemented or otherwise modified from time to time), were repaid, all commitments under the Existing Credit Facility were terminated and all liens and guarantees granted in connection therewith were released.

---

| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets.** |

---

The information set forth in the Introductory Note of this Current Report on Form 8-K is incorporated by reference into this Item 2.01.

On the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of common stock, no par value ("SpartanNash common stock"), issued and outstanding immediately prior to the Effective Time (excluding SpartanNash common stock held by Parent or Merger Sub, in each case, immediately prior to the Effective Time) and all rights in respect thereof, by virtue of the Merger, was converted into the right to receive $26.90 in cash, without interest (the "Merger Consideration"), subject to any applicable withholding taxes.

In addition, pursuant to the Merger Agreement, at the Effective Time, (i) each outstanding SpartanNash equity-based award granted prior to the date of the Merger Agreement or to a non-employee director vested (with any awards subject to performance-based vesting conditions vesting to the extent set forth in the Merger Agreement and SpartanNash's confidential disclosure letter) and was canceled and converted into the right to receive an amount in cash equal to the Merger Consideration (and any accrued but unpaid dividends or dividend equivalents) for each share of SpartanNash common stock subject to such equity-based award immediately prior to the Effective Time, with the number of shares of SpartanNash common stock determined based on the greater of the target and actual performance level for any award subject to performance-based vesting conditions, as determined by the Compensation Committee of the SpartanNash board of directors (the "Board"), (ii) any remaining unvested portion of any SpartanNash equity-based award granted prior to the date of the Merger Agreement that was subject to performance-based vesting conditions that did not vest as described in clause (i) was canceled and converted into the right to receive a cash-based award equal to the Merger Consideration (and any accrued but unpaid dividends or dividend equivalents) in respect of each share of SpartanNash common stock subject to such SpartanNash equity-based award immediately prior to the Effective Time (determined based on the greater of the target and actual performance level, as determined by the Compensation Committee of the Board), which cash-based award will vest and be payable on the last day of the applicable performance period, subject to the holder's continued service with C&S and its affiliates through such date (or an earlier termination without cause, in which case any portion of the award that would vest in the next 12 months will accelerate and vest upon such termination), and (iii) each SpartanNash equity-based award not covered by clause (i) or (ii) vested as to one-sixth of the award and was canceled and converted into the right to receive an amount in cash equal to the Merger Consideration (and any accrued but unpaid dividends or dividend equivalents) in respect of each share of SpartanNash common stock subject to such award, and the remaining unvested portion was canceled and converted into the right to receive a cash-based award equal to the Merger Consideration (and any accrued but unpaid dividends or dividend equivalents) in respect of each share of SpartanNash common stock subject to such SpartanNash equity-based award immediately prior to the Effective Time, which cash-based award will, subject to the holder's continued service with C&S and its affiliates through the applicable vesting dates, vest and be payable in accordance with the existing vesting schedule and other terms and conditions of such equity-based awards granted by the Company from which such cash award was converted (other than performance-based vesting conditions).

Pursuant to the Warrant and as contemplated by the Merger Agreement, the Warrantholder provided notice to the Company that it elected a Cashless Exercise (as defined in the Warrant to Purchase Common Stock, dated as of October 7, 2020, issued by the Company to Amazon.com NV Holdings LLC (the "Warrant Agreement")) in respect of all 5,437,272 Company Warrants (as defined in the Merger Agreement) then outstanding, entitling the Warrantholder to receive, subject to and contingent upon the surrender by the Warrantholder of the Company Warrants, an amount in cash equal to (i) the Merger Consideration *multiplied by* (ii) the product of (x) 5,437,272 and (y) a fraction, (1) the numerator of which is the excess of (1) the 30-Day VWAP (as defined in the Warrant Agreement) over (2) the Exercise Price (as defined in the Warrant Agreement), and (2) the denominator of which is the 30-Day VWAP, such product rounded to the nearest whole Warrant Share (as defined in the Warrant Agreement).

The foregoing description of the Merger Agreement and Merger is not complete and is qualified in its entirety by reference to the Merger Agreement, which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on June 23, 2025, and is incorporated into this item by reference.

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| | |
|:---|:---|
| **Item 3.01** | **Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.** |

---

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.01.

In connection with the closing of the Merger, the Company notified The Nasdaq Stock Market LLC ("Nasdaq") that, at the Effective Time, each share of SpartanNash common stock issued and outstanding immediately prior to the Effective Time (excluding SpartanNash common stock held by Parent or Merger Sub, in each case, immediately prior to the Effective Time) was canceled and converted into the right to receive an amount in cash equal to the Merger Consideration. In addition, the Company requested that Nasdaq delist SpartanNash common stock, and as a result, trading of SpartanNash common stock, which traded under the ticker symbol "SPTN" on Nasdaq, was suspended prior to the open of trading on Nasdaq on September 22, 2025. The Company also requested that Nasdaq file a notification of removal from listing and registration on Form 25 with the SEC to effect the delisting of SpartanNash common stock from Nasdaq and the deregistration of SpartanNash common stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result, SpartanNash common stock will no longer be listed on Nasdaq.

In addition, after effectiveness of the Form 25, the Company intends to file with the SEC a Certification and Notice of Termination of Registration on Form 15 requesting the termination of registration of the shares of SpartanNash common stock under Section 12(g) of the Exchange Act and the suspension of the Company's reporting obligations under Section 13 and 15(d) of the Exchange Act with respect to the shares of SpartanNash common stock.

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| | |
|:---|:---|
| **Item 3.03** | **Material Modification to Rights of Security Holders.** |

---

The information set forth in the Introductory Note and Items 2.01, 3.01, 5.01 and 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.

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| | |
|:---|:---|
| **Item 5.01** | **Changes in Control of Registrant.** |

---

The information set forth in the Introductory Note and Items 2.01, 5.02 and 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01.

At the Effective Time, a change of control of the Company occurred. Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased, and the Company was the surviving corporation in the Merger and, as a result, is now a wholly-owned subsidiary of Parent.

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

---

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02.

As of the Effective Time, in accordance with the terms of the Merger Agreement, all of the directors of the Company resigned and ceased to be directors. No director was terminated or resigned because of any disagreement with the Company, its management or its board of directors on any matter relating to its operations, policies or practices.

As of the Effective Time, in accordance with the terms of the Merger Agreement, the directors of Merger Sub as of immediately prior to the Effective Time became the directors of the Surviving Corporation and shall hold office until their respective successors are duly elected and qualified, or their resignation or removal, in each case, in accordance with the bylaws of the Surviving Corporation.

As of the Effective Time, in accordance with the terms of the Merger Agreement, the officers of the Company as of immediately prior to the Effective Time became the officers of the Surviving Corporation and shall hold office until their respective successors are duly elected and qualified, or their resignation or removal, in each case, in accordance with the bylaws of the Surviving Corporation.

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| | |
|:---|:---|
| **Item 5.03** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.** |

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The information set forth under the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.

In connection with the closing of the Merger, the Company's articles of incorporation were amended and restated in their entirety (the "Amended and Restated Articles of Incorporation") and the Company's bylaws were amended and restated in their entirety (the "Amended and Restated Bylaws"), each in accordance with the Merger Agreement.

Copies of the Amended and Restated Articles of Incorporation and the Amended and Restated Bylaws are filed as Exhibits 3.1 and 3.2, respectively, to this Current Report on Form 8-K, and are incorporated by reference into this Item 5.03.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **<u>Exhibit</u>** | **<u>Description</u>** |
| [2.1\*](https://www.sec.gov/Archives/edgar/data/877422/000110465925061697/tm2518553d2_ex2-1.htm) | [Agreement and Plan of Merger, dated as of June 22, 2025, by and among SpartanNash Company, New Mackinac HoldCo, Inc., Mackinac Merger Sub, Inc. and C&S Wholesale Grocers, LLC (incorporated by reference to Exhibit 2.1 to SpartanNash's Current Report on Form 8-K filed on June 23, 2025)](https://www.sec.gov/Archives/edgar/data/877422/000110465925061697/tm2518553d2_ex2-1.htm) |
| [3.1](tm2526608d1_ex3-1.htm) | [Amended and Restated Articles of Incorporation of SpartanNash Company](tm2526608d1_ex3-1.htm) |
| [3.2](tm2526608d1_ex3-2.htm) | [Amended and Restated Bylaws of SpartanNash Company](tm2526608d1_ex3-2.htm) |
| 104 | The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline eXtensible Business Reporting Language) |

---

\* Schedules and exhibits omitted pursuant to Item 601(b)(2) of Regulation S-K. SpartanNash will furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request. SpartanNash may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any schedules or exhibits so furnished.

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: September 22, 2025 | SpartanNash Company | SpartanNash Company |
|  | By: | /s/ Ileana McAlary |
|  |  | Ileana McAlary |
|  |  | Executive Vice President, Chief Legal Officer and Corporate Secretary |

---

## Exhibit 3.1

**Exhibit 3.1**

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| | |
|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm2526608d1_ex3-1img001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS CORPORATIONS, SECURITIES & COMMERCIAL LICENSING BUREAU (FOR BUREAU USE ONLY) Document will be returned to the name and address you enter above. If left blank, document will be returned to the registered office. RESTATED ARTICLES OF INCORPORATION For use by Domestic Profit Corporations Pursuant to the provisions of Act 284, Public Acts of 1972, the undersigned execute the following Articles: ARTICLE I ARTICLE II The following Restated Articles of Incorporation supersede the Articles of Incorporation as amended and shall be the Articles of Incorporation for the corporation: SpartanNash Company 800190641 April 16, 1918 SpartanNash Company The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the Michigan Business Corporation Act, as amended (the "Michigan Business Corporation Act") The Grand Rapids Wholesale Grocery Company Spartan Stores, Inc. |

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| | |
|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm2526608d1_ex3-1img002.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARTICLE IV ARTICLE III ARTICLE V (Optional. Delete if not applicable) ARTICLE VI (Optional. Delete if not applicable) ÍðÙððð CSC-LAWYERS INCORPORATING SERVICE (COMPANY) 3410 Belle Chase Way Ste 600 Lansing ÏË911 |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm2526608d1_ex3-1img003.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARTICLE VII (Additional provision, if any, may be inserted here; attach additional pages if needed). DO NOT COMPLETE BOTH Õªª ø¨¨ø½¸³ª²¨Ú Ï 19th September 2025 Ileana McAlary Docusign Envelope ID: 45DA3B97-8BA5-4CC2-B40B-139269A6C82F Ï 9th September 2025 /s/ Ileana McAlary |

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| | |
|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm2526608d1_ex3-1img004.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IBUTZEL\000166321\0001\200739260.v1-8/22/25 Attachment to Restated Articles of Incorporation SpartanNash Company Identification Number: 800190641 ARTICLE VI INDEMNIFICATION OF DIRECTORS AND OFFICERS Directors and executive officers of the Corporation shall be indemnified as of right, and shall be entitled to the advancement of expenses, to the fullest extent now or hereafter permitted by law in connection with any threatened, pending, or completed civil, criminal, administrative, or investigative action, suit, or proceeding (whether brought by or in the name of the Corporation, one of its subsidiaries, or otherwise and whether formal or informal) arising out of their service to the Corporation or one of its subsidiaries, or to another organization at the request of the Corporation or one of its subsidiaries. Persons who are not directors or executive officers of the Corporation may be similarly indemnified in respect of such service to the extent authorized at any time by the Board of Directors of the Corporation. The Corporation may purchase and maintain insurance to protect itself and any such director, officer, or other person against any liability asserted against him or her and incurred by him or her in respect of such service whether or not the Corporation would have the power to indemnify him or her against such liability by law or under the provisions of this Article. The provisions of this Article shall be deemed contractual and shall be applicable to actions, suits, or proceedings, whether arising from acts or omissions occurring before or after the adoption hereof, and to directors, officers, and other persons who have ceased to render such service, and shall inure to the benefit of the heirs, executors, and administrators of the directors, officers, and other persons referred to in this Article. Changes in these Restated Articles of Incorporation or in the bylaws reducing the scope of indemnification shall not apply to actions or omissions occurring before such change. ARTICLE VII LIMITATION ON DIRECTOR LIABILITY A director of the Corporation shall not be personally liable to the Corporation or its shareholders for monetary damages for any action taken or any failure to take any action as a director, except that a director's liability is not limited for: A. the amount of a financial benefit received by a director to which he or she is not entitled; B. intentional infliction of harm on the Corporation or its shareholders; D. intentional criminal act. If the Michigan Business Corporation Act is amended to further eliminate or limit the liability of a director, then a director of the Corporation (in addition to the circumstances in which a director is not personally liable as set forth in the preceding paragraph) shall, to the fullest extent permitted by the Michigan Business Corporation Act, as so amended, not be liable to the C. a violation of Section 551 of the Michigan Business Corporation Act; or |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm2526608d1_ex3-1img005.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 Corporation or its shareholders. No amendment to or modification or repeal of this Article shall increase the liability of any director of the Corporation for or with respect to any acts or omissions of such director occurring prior to such amendment, modification or repeal. The Corporation reserves the right to amend, alter, change, or repeal any provision contained in these Restated Articles of Incorporation, in the manner now or hereafter prescribed by statute and these Restated Articles of Incorporation, and all rights conferred upon shareholders herein are granted subject to this reservation. ARTICLE VIII AMENDMENT OF RESTATED ARTICLES OF INCORPORATION |

---

## Exhibit 3.2

**Exhibit 3.2**

**BYLAWS**

**OF**

**SPARTANNASH COMPANY**

**<u>**TABLE OF CONTENTS**</u>**

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| | | |
|:---|:---|:---|
| | | **Page** |
| **ARTICLE I** | **ARTICLE I** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 1.** | **<u>Annual Meeting</u>** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 2.** | **<u>Special Meetings</u>** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 3.** | **<u>Place and Time of Meetings</u>** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 4.** | **<u>Notice of Meetings</u>** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 5.** | **<u>Indexing of Record Dates</u>** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 6.** | **<u>List of Shareholders</u>** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 7.** | **<u>Quorum</u>** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 8.** | **<u>Organization</u>** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 9.** | **<u>Proxies</u>** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 10.** | **<u>Voting</u>** | 3 |
| **ARTICLE II** | **ARTICLE II** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 1.** | **<u>Number and Term of Office</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 2.** | **<u>Qualification</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 3.** | **<u>Removal, Vacancies, and Additional Directors</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 4.** | **<u>Place of Meeting</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 5.** | **<u>Regular Meetings</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 6.** | **<u>Special Meetings</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 7.** | **<u>Notice</u>** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 8.** | **<u>Quorum</u>** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 9.** | **<u>Compensation of Directors</u>** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 10.** | **<u>Organization</u>** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 11.** | **<u>Dissents</u>** | 5 |
| **ARTICLE III** | **ARTICLE III** | 6 |
| **Section 1. Appointment and Powers** | **Section 1. Appointment and Powers** | 6 |
| **ARTICLE IV** | **ARTICLE IV** | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 1.** | **<u>Officers</u>** | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 2.** | **<u>Chairman of the Board</u>** | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 3.** | **<u>President</u>** | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 4.** | **<u>Vice Presidents</u>** | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 5.** | **<u>Secretary</u>** | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 6.** | **<u>Treasurer</u>** | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 7.** | **<u>Assistant Secretary and Assistant Treasurer</u>** | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 8.** | **<u>Giving of Bond by Officers</u>** | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 9.** | **<u>Absence or Disability</u>** | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 10.** | **<u>Voting Upon Stocks</u>** | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 11.** | **<u>Compensation of Officers</u>** | 8 |

---

i

---

| | | |
|:---|:---|:---|
| **ARTICLE V** | **ARTICLE V** | 8.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 1.** | **<u>Certificates for Shares</u>** | 8.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 2.** | **<u>Lost, Stolen or Destroyed Certificate</u>** | 9.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 3.** | **<u>Transfer of Shares</u>** | 9.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 4.** | **<u>Regulations</u>** | 9.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 5.** | **<u>Lien</u>** | 9.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 6.** | **<u>Dividends</u>** | 10.0 |
| **ARTICLE VI** | **ARTICLE VI** | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 1.** | **<u>Corporate Seal</u>** | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 2.** | **<u>Checks, Notes, Etc</u>** | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 3.** | **<u>Fiscal Year</u>** | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 4.** | **<u>Loans, Contracts and Conveyances</u>** | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 5.** | **<u>Waiver of Notice</u>** | 11.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 6.** | **<u>Action Without Meeting</u>** | 5.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 7.** | **<u>Participation by Communication Equipment</u>** | 11.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 8.** | **<u>Indemnification by the Corporation</u>** | 11.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 9.** | **<u>Insurance</u>** | 12.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 10.** | **<u>Dealing with Corporation</u>** | 12.0 |
| **ARTICLE VII** | **ARTICLE VII** | 13.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Section 1.** | **<u>Amendment</u>** | 13.0 |

---

ii

**BYLAWS**

**OF**

**SPARTANNASH COMPANY**

**ARTICLE I**

**<u>Shareholders</u>**

**Section 1. <u>Annual Meeting</u>.** The annual meeting of shareholders of the Corporation shall be held at such time and place as shall be determined by resolution of the Board of Directors.

**Section 2. <u>Special Meetings</u>.** Special meetings of shareholders may be called at any time by a majority of the Board of Directors acting with or without a meeting, by the Chairman of the Board of Directors (if such office is filled), or by the President, and shall be called by the President or Secretary at the written request of any number of shareholders holding together not less than 25% of the total outstanding shares of any class of stock of the Corporation entitled to vote at such meeting. Each such request shall state the purpose or purposes for which the meeting is to be called.

Upon request in writing delivered either in person or by registered mail to the President or Secretary by any person or persons entitled to call a meeting of shareholders, such officer shall forthwith cause to be given to the shareholders entitled thereto notice of such meeting to be held on a date not less than ten nor more than 60 days after the delivery or mailing of such request, as such officer may fix. If such notice is not given within 15 days after the delivery or mailing of such request, then the person or persons making such request may call a meeting and give or cause to be given notice in the manner as provided in the Bylaws.

At a special meeting of shareholders, no business shall be transacted and no corporate action shall be taken other than that stated in the notice of the meeting unless the holders of all of the outstanding shares of stock of the Corporation are present in person or by proxy and all concur in such action.

**Section 3. <u>Place and Time of Meetings</u>.** Any meeting of shareholders may be held at the principal office of the Corporation, or at such other place either within or without the State of Michigan and at such time as shall be designated in the notice of the meeting.

**Section 4. <u>Notice of Meetings</u>.** Written notice of the time, place and purposes of a meeting of shareholders shall be given, except as otherwise required by law or provided in the Articles of Incorporation or Bylaws, not less than ten nor more than 60 days before the date of such meeting to each shareholder of the Corporation entitled to vote at such meeting, either personally, or by mailing such notice to each such shareholder's address as the same appears upon the books of the Corporation, or by electronic transmission within the meaning of the MBCA. No notice need be given of any adjourned meeting of shareholders if the time and place to which the meeting is adjourned are announced at the meeting at which the adjournment is taken and at the adjourned meeting only such business is transacted as might have been transacted at the original meeting. However, if after the adjournment the Board of Directors fixes a new record date for the adjourned meeting, a notice of the adjourned meeting shall be given to each shareholder of record on the new record date entitled to notice as provided in this Section 4.

**Section 5. <u>Record Dates</u>.** The Board of Directors may fix in advance a date as the record date for the purpose of determining shareholders entitled to notice of and to vote at a meeting of shareholders or an adjournment thereof, or to express consent or to dissent from a proposal without a meeting, or for the purpose of determining shareholders entitled to receive payment of a dividend or allotment of a right, or for the purpose of any other action. The date fixed shall not be more than 60 nor less than 10 days before the date of the meeting, nor more than 60 days before any other action. In such case only such shareholders as shall be shareholders of record on the date so fixed shall be entitled to notice of and to vote at such meeting or adjournment thereof, or to express consent or to dissent from such proposal, or to receive payment of such dividend or to receive such allotment of rights, or to participate in any other action, as the case may be, notwithstanding any transfer of any stock on the books of the corporation, or otherwise, after any such record date. If no record date is fixed for determination of shareholders entitled to notice of or to vote at a meeting of shareholders, or to express consent to or dissent from a proposal without a meeting, or to receive payment of a dividend or distribution, allotment of a right, or for the purpose of any other action, then the record date for such determination of shareholders shall be determined as follows: (i) for action to be taken at a meeting, the record date shall be the close of business on the day next preceding the day on which notice is given is given or, if no notice is given, the day next preceding the day on which the meeting is held; (ii) for action to be taken without a meeting, (A) if prior action by the Board of Directors is required with respect to the corporate action, the record date shall be the close of business on the day on which the resolution of the Board of Directors is adopted and (B) if prior action by the Board of Directors is not required, the record date shall be the first date on which a signed written consent is delivered to the corporation as provided in the Michigan Business Corporation Act, as amended (the "MBCA")ectr; and (iii) with respect to payment of a dividend or distribution, allotment of a right, or for the purpose of any other action, the record date shall be the close of business on the day on which the resolution of the Board of Directors relating to the corporate action is adopted. Nothing in this Bylaw shall affect the rights of a shareholder and his transferee or transferor as between themselves.

**Section 6. <u>List of Shareholders</u>.** The Secretary of the Corporation shall make and certify, or cause any agent having charge of the stock transfer books for the Corporation to make and certify, a complete list of the shareholders entitled to vote at a meeting of shareholders or any adjournment thereof. Such list shall be arranged alphabetically within each class and series, with the address of and number of shares held by, each shareholder; be produced at the time and place of the meeting; be subject to inspection by any shareholder during the whole time of the meeting; and be prima facie evidence as to the names of the shareholders entitled to examine the list or to vote at the meeting.

**Section 7. <u>Quorum</u>.** At any meeting of shareholders, the holders of a majority in number of all the shares of each class of the capital stock of the Corporation issued and outstanding, entitled to vote at such meeting, present in person or represented by proxy, shall constitute a quorum of the shareholders for all purposes, unless the representation of a larger number of shares of each class shall be required by law, by the Articles of Incorporation or by a Bylaw adopted by the shareholders, and in that case the representation of the number of shares so required shall constitute a quorum.

The shareholders present in person or by proxy at a meeting at which a quorum is initially present may continue to do business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum. Whether or not a quorum is present, the meeting may be adjourned by a vote of the shareholders present.

**Section 8. <u>Organization</u>.** The Chairman of the Board (if such office is filled), the President, or a Vice-President, shall call meetings of shareholders to order, and shall act as chairman of such meetings. The Secretary of the Corporation shall act as secretary of all meetings of shareholders; but in the absence of the Secretary, the chairman may appoint any person to act as secretary of the meeting.

**Section 9. <u>Proxies</u>.** A shareholder entitled to vote at a meeting of shareholders or to express consent or dissent without a meeting may authorize other persons to act for such shareholder by proxy. A proxy shall be signed by the shareholder or such shareholder's authorized agent or representative. A proxy is not valid after the expiration of three years from its date unless otherwise provided in the proxy. A proxy is revocable at the pleasure of the shareholder executing it, except as otherwise provided by law.

**Section 10. <u>Voting</u>.** Each outstanding share of capital stock is entitled to one vote on each matter submitted to a vote, unless otherwise provided in the Articles of Incorporation. The vote upon any matter as to which a vote by ballot is required by law, and, upon the demand of any shareholder, the vote upon any other matter before the meeting, shall be cast by ballot; otherwise all votes may be cast orally. Except as to the election of the Directors and as otherwise provided by law or by the Articles of Incorporation, when an action is to be taken by a vote of the shareholders it shall be authorized by a majority of the votes cast by the holders of the shares entitled to vote thereon. Except as otherwise provided by the Articles of Incorporation, Directors shall be elected by a plurality of the votes cast at an election.

Shares of the capital stock held by a person in a representative or fiduciary capacity may be voted by such person without a transfer of the shares into such person's name. Except as otherwise provided by law, shares of the capital stock held by two or more persons as joint tenants or as tenants in common may be voted at a meeting of shareholders by any of such persons. A shareholder whose shares are pledged is entitled to vote the shares unless or until such shares have been transferred into the name of the pledgee, or nominee or a proxy of such pledgee or nominee, may represent the stock and vote thereon.

**Section 11. <u>Action Without Meeting</u>.** Any action required or permitted to be taken pursuant to authorization voted at a meeting of the shareholders may be taken without notice, without a meeting and without a vote if, before or after the action, all shareholders consent thereto in writing. The consent has the same effect as a vote of the shareholders for all purposes.

All written consents shall be promptly filed with the Corporation. Failure to so file any such written consent shall not affect the validity of the action authorized or taken thereby.

**ARTICLE II** 

**<u>Board of Directors</u>**

**Section 1. <u>Number and Term of Office</u>.** The business, affairs and property of the Corporation shall be managed and controlled by a Board of at least one Director. The number of Directors shall be determined by the Board of Directors or shareholders from time to time. Directors need not be shareholders of the Corporation or residents of the State of Michigan. At each annual meeting of shareholders the shareholders shall elect Directors to hold office until the succeeding annual meeting. A Director shall hold office for the term for which such Director is elected and until such Director's successor is elected and qualified, or until such Director's resignation or removal. A Director may resign by written notice to the Corporation.

**Section 2. <u>Qualification</u>.** Each Director shall qualify either by accepting the election as a Director in writing, or by acting at a meeting of the Board of Directors.

**Section 3. <u>Removal, Vacancies, and Additional Directors</u>.** The holders of shares entitled to cast a majority of the votes of all shares of capital stock of the Corporation outstanding and entitled to vote at an election of Directors may remove any Director or the entire Board of Directors with or without cause and fill the vacancy or vacancies thereby created. Vacancies caused by such removal and not filled by the shareholders at the meeting at which such removal shall have been made, or any vacancy caused by the death or resignation of any Director, the creation of additional directorships, or for any other reason, may be filled by the affirmative vote of a majority of the Directors then in office through less than a majority of the number of Directors authorized by Section 1 of this Article II; provided, however, that the term of office of any Director so elected to fill such vacancy shall expire at the next election of Directors by the shareholders.

**Section 4. <u>Place of Meeting</u>.** The Board of Directors may hold their meetings in such place or places in the State of Michigan or outside the State of Michigan as the Board of Directors from time to time shall determine.

**Section 5. <u>Regular Meetings</u>.** Regular meetings of the Board of Directors shall be held at such times and places as the Board from time to time by resolution shall determine. No notice shall be required for any regular meeting of the Board of Directors; but a copy of every resolution fixing or changing the time or place of regular meetings shall be delivered personally, by mail or by electronic transmission within the meaning of the MBCA to each Director at least 15 days before the first meeting held pursuant such resolution.

**Section 6. <u>Special Meetings</u>.** Special meetings of the Board of Directors shall be held whenever called by the Chairman of the Board (if such office is filled), the President, or by a majority of the Directors then in office. Notice of the time and place of holding each special meeting shall be given to each Director at least three days before the meeting. Any and all business may be transacted at any special meeting.

**Section 7. <u>Notice</u>.** Notice of regular or special meetings of the Board of Directors need not specify the purpose of the meeting or the business that may be transacted thereat, and may be personally delivered or transmitted by mail, telephone or electronic transmission within the meaning of the MBCA.

**Section 8. <u>Quorum</u>.** Subject to the provisions of Section 3 of this Article II, a majority of the members of the Board of Directors then in office, or a majority of the members of a committee thereof, shall constitute a quorum for the transaction of business. The vote of a majority of the Directors present at any meeting of the Board of Directors, or of a committee thereof, at which a quorum is present, constitutes the action of the Board of Directors or of the committee, unless the vote of a larger number is required by the Articles of Incorporation, the Bylaws, or applicable law, or in the case of a committee, by resolution of the Board of Directors. If at any meeting of the Board of Directors there be less than a quorum present, a majority of those present may adjourn the meeting from time to time.

**Section 9. <u>Action Without Meeting</u>.** Any action required or permitted to be taken pursuant to authorization voted at a meeting of the Board of Directors or a committee thereof may be taken without a meeting if, before or after the action, all members of the Board of Directors or of the committee consent thereto in writing. The consent has the same effect as a vote of the Board of Directors or of the committee for all purposes.

All written consents shall be promptly filed with the Corporation. Failure to so file any such written consent shall not affect the validity of the action authorized or taken thereby.

**Section 10. <u>Compensation of Directors</u>.** Directors shall not be entitled to receive compensation for their services except as expressly authorized by the Board of Directors from time to time.

**Section 11. <u>Organization</u>.** The Chairman of the Board (if such office is filled) shall preside and act as chairman at all meetings of the Board of Directors. In the event there is no Chairman of the Board or in the absence of the Chairman of the Board, the President shall so preside, and in the absence of the President, a chairman shall be elected from the Directors present. If present, the Secretary of the Corporation shall act as secretary of all meetings of the Board of Directors; but in the absence of the Secretary, the chairman may appoint any person to act as secretary of the meeting.

**Section 12. <u>Dissents</u>.** A Director who is present at a meeting of the Board of Directors, or of a committee thereof, at which action on any matter is taken shall be presumed to have assented to the action unless such Director's dissent shall be entered in the minutes of the meeting or unless such Director shall file a written dissent to such action with the person acting as secretary of the meeting before the adjournment thereof, or shall send such dissent by registered mail to the Secretary of the Corporation promptly after the adjournment of the meeting. It shall be the duty of the Secretary to record such dissents in or with, as the case may be, the minutes of the meeting at which the action to which the dissent relates was taken. Such right to dissent shall not apply to a Director who voted in favor of or consented in writing to such action. A Director who is absent from a meeting of the Board of Directors or a committee thereof of which such Director is a member, at which any action is taken, is presumed to have concurred in the action unless such Director files a written dissent with the Secretary of the Corporation within a reasonable time after such Director obtains knowledge of the action.

**ARTICLE III**

**<u>Committees</u>**

**Section 1. <u>Appointment and Powers</u>.** Unless otherwise provided in the Articles of Incorporation, the Board of Directors may designate one or more committees, each committee to consist of one or more of the Directors of the Corporation. The Board of Directors may designate one or more Directors as alternate members of a committee who shall replace an absent or disqualified member at a meeting of the committee. A majority of any such committee may determine its action and fix the time and place of its meetings unless otherwise provided by the Board of Directors, the Articles of Incorporation, the Bylaws, or law. The Board of Directors shall have the power at any time to fill vacancies in, to change the size or membership of, and to discharge any such committee. In the absence or disqualification of a member, or alternate member, if any, of a committee, the members thereof present at a meeting and not disqualified from voting, whether or not they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in place of such absent or disqualified member. A committee, to the extent provided in the resolution of the Board of Directors, may exercise all powers and authority of the Board of Directors in management of the business, affairs and property of the Corporation, subject to any limitations provided by law or the Articles of Incorporation. Each such committee shall keep a written record of its acts and proceedings and shall submit such record to the Board of Directors at such time and from time to time as requested by the Board of Directors. Failure to submit such record will not invalidate such acts and proceedings to the extent such acts and proceedings have been carried out by the Corporation prior to the time the record of such action should have been submitted to the Board of Directors.

**ARTICLE IV** 

**<u>Officers</u>**

**Section 1. <u>Officers</u>.** The officers of the Corporation shall be a President, a Secretary and a Treasurer. All such officers shall be elected or appointed by the Board of Directors. The Board of Directors may from time to time elect or appoint other officers including a Chairman of the Board, one or more Vice-Presidents, Assistant Treasurers and Assistant Secretaries, and such other officers as the Board of Directors may deem advisable. The Chairman of the Board (if such office is filled), and the President, shall be members of the Board of Directors. Any two or more offices may be held by the same person; provided that no officer shall execute, acknowledge or verify an instrument in more than one capacity if the instrument is required by law, the Articles of Incorporation or the Bylaws to be executed, acknowledged or verified by two or more officers. The term of office of each officer shall be the term for which such officer is elected or appointed and until such officer's successor is elected or appointed and qualified, or until such officer's resignation or removal. Each officer shall qualify either by accepting the election or appointment of an office in writing, or by acting on behalf of the Corporation in the capacity of such office. An officer may resign by written notice to the Corporation.

Except where otherwise expressly provided in a written contract duly authorized by the Board of Directors, all officers, agents and employees shall be subject to removal at any time, with or without cause, by the Board of Directors. The election or appointment of an officer for a given term, or a general provision in the Articles of Incorporation or the Bylaws with respect to term of office, shall not be deemed to create contract rights.

In addition to the powers, authority and duties of the officers of the Corporation as set forth in the Bylaws, each officer shall have such other powers and authority, and perform such other duties, as may be assigned to or vested in such officer by the Board of Directors from time to time.

**Section 2. <u>Chairman of the Board</u>.** The Chairman of the Board (if such office is filled) shall preside at all meetings of shareholders and of Directors. The Chairman of the Board shall be the chief executive officer of the Corporation and as such shall supervise and direct the Corporation's affairs and the administration thereof by the other executive officers of the Corporation.

**Section 3. <u>President</u>.** Subject to the direction of the Board of Directors, the Executive Committee, if there be one, and the Chairman of the Board (if such office is filled), the President shall be the chief operating officer of the Corporation, and as such shall have general charge and authority over the business of the Corporation. The President shall from time to time make such reports of the business of the Corporation as the Board of Directors may require. In the absence or disability of the Chairman of the Board, or if that office has not been filled, the President shall also perform the duties and execute the powers and authority of the Chairman of the Board as provided in the Bylaws and by resolution of the Board of Directors.

**Section 4. <u>Vice Presidents</u>.** In case the office of President shall become vacant by death, resignation, or otherwise, or in case of the absence of the President or of the President's disability to discharge the duties of such office, such duties shall, for the time being, devolve upon the Vice President, if any, having seniority by designation, or if not designated, in order of seniority of election in such office.

**Section 5. <u>Secretary</u>.** The Secretary shall keep the minutes of all meetings of the Board of Directors and the minutes of all meetings of shareholders in books provided for that purpose. The Secretary shall attend to the giving or serving of all notices of the Corporation. The Secretary shall have charge of the stock certificate books, transfer books and stock ledgers and such other books and papers as the Board of Directors shall direct. The Secretary shall have charge of the corporate seal. The Board of Directors shall have power by resolution to delegate any of the powers or duties of the Secretary to other officers.

**Section 6. <u>Treasurer</u>.** The Treasurer shall be the financial officer of the Corporation. The Treasurer shall have custody of all the funds and securities of the Corporation. The Treasurer may endorse on behalf of the Corporation for collection checks, notes and other obligations and shall deposit the same to the credit of the Corporation in such bank or banks or depository or depositories as the Board of Directors may designate. The Treasurer may sign all receipts and vouchers for payments made to the Corporation. The Treasurer shall enter or cause to be entered regularly in the books of the Corporation kept for the purpose full and accurate accounts of all money received and paid on account of the Corporation, and whenever required by the Board of Directors shall render statements of such accounts. The Board of Directors shall have power by resolution to delegate any of the powers or duties of the Treasurer to other officers.

**Section 7. <u>Assistant Secretary and Assistant Treasurer</u>.** The Assistant Secretary and Assistant Treasurer, having seniority by designation, or if not designated in order of seniority of election, shall perform the duties and exercise the powers of the Secretary and Treasurer, respectively, in case of the absence or disability of the Secretary and/or Treasurer.

**Section 8. <u>Giving of Bond by Officers</u>.** All officers of the Corporation, if required to do so by the Board of Directors, shall furnish bonds to the Corporation for the faithful performance of their duties, in such penalties and with such conditions and security as the Board of Directors shall require.

**Section 9. <u>Absence or Disability</u>.** In case of the absence or disability of any officer of the Corporation and of any person hereby authorized to act in such officers place during such period of absence or disability, the Board of Directors may from time to time delegate the powers and duties of such officer to any of the officers or any Director, or any person whom it may select.

**Section 10. <u>Voting Upon Stocks and Other Interests</u>.** The Chairman of the Board (if such office is filled) and the President, or either of them, shall have the full power and authority on behalf of the Corporation to vote the stock of any other corporation owned by the Corporation, and to vote the interests of any other organization owned by the Corporation which are entitled to vote, or in the name of the Corporation to execute proxies to vote such stock or other interests or execute waivers and consents with respect to such stock or other interests or the voting thereof, and to attend meetings of shareholders, member or other owners of any such other corporations or organization and at each such meeting, such officer or officers shall possess and may exercise, in person or by proxy, any and all rights, powers and privileges incident to the ownership of such stock or other interests. The Board of Directors may by resolution from time to time confer like powers upon any other person or persons.

**Section 11. <u>Compensation of Officers</u>.** The officers of the Corporation shall be entitled to receive such compensation for their services as shall from time to time be determined by the Board of Directors.

**ARTICLE V**

**<u>Capital Stock</u>**

**Section 1. <u>Certificates for Shares</u>.** The interest of each shareholder of the Corporation shall be evidenced by certificates for shares of the capital stock of the Corporation certifying the number of shares represented thereby and in such form, consistent with the Articles of Incorporation and the laws of the State of Michigan, as shall be approved by the Board of Directors. All certificates shall be signed by the Chairman of the Board (if such office is filled) or the President or a Vice President and may be signed by another officer of the Corporation and shall not be valid unless so signed. The signatures of the officers may be facsimiles if the certificate is countersigned by a transfer agent or registered by a registrar other than the Corporation itself or its employee. In case any officer or officers who shall have signed or whose facsimile signature has been placed upon any such certificate or certificates shall cease to be such officer or officers of the Corporation, whether because of death, resignation or otherwise, before such certificate or certificates shall have been delivered by the Corporation, such certificate or certificates may nevertheless be issued and delivered as though the person or persons who signed or whose facsimile signature has been placed upon such certificate or certificates had not ceased to be such officer or officers of the Corporation.

All certificates for shares of stock shall be consecutively numbered as the same are issued. The name of the shareholder owning the shares represented thereby with the number of shares and the date of issue thereof shall be entered on the books of the Corporation.

Except as otherwise provided in the Bylaws, all certificates surrendered to the Corporation for transfer shall be cancelled, and no new certificates shall be issued until former certificates for the same number of shares have been surrendered and cancelled.

**Section 2. <u>Lost, Stolen or Destroyed Certificate</u>.** Whenever a person owning a certificate of stock of the Corporation alleges that it has been stolen, lost, or destroyed, such person shall file in the office of the Corporation an affidavit setting forth, to the best of such person's knowledge and belief, the time, place and circumstances of the loss, theft or destruction, and, if required by the Board of Directors, a bond of indemnity sufficient in the opinion of the Board of Directors to indemnify the Corporation against any claim that may be made against it on account of the alleged loss. Thereupon the Board of Directors may cause to be issued to such person a new certificate or a duplicate of the certificate alleged to have been lost, stolen or destroyed. Upon the ledger of each new or duplicate certificate so issued shall be noted the fact of such issue and the number, date, and the name of the registered owner of the lost, stolen or destroyed certificate in lieu of which the new or duplicate certificate is issued.

**Section 3. <u>Transfer of Shares</u>.** Shares of the capital stock of the Corporation shall be transferred on the books of the Corporation by the holder thereof, in person or by such holder's attorney duly authorized in writing, upon surrender and cancellation of certificates for the number of shares to be transferred properly endorsed for transfer, except as provided in the preceding Section 2 of this Article V. Books for the transfer of shares of its capital stock shall be kept by the Corporation or by one or more transfer agents appointed by it.

**Section 4. <u>Regulations</u>.** The Board of Directors shall have power and authority to make such rules and regulations as it may deem appropriate concerning the issue, transfer and registration of certificates for shares of the capital stock of the Corporation.

**Section 5. <u>Lien</u>.** The Corporation shall have a lien upon all capital stock and property invested in the Corporation for all debts due it from the owners thereof.

**Section 6. <u>Dividends</u>.** Subject to the Articles of Incorporation, the Board of Directors shall have the power to determine whether any, and if so, what part, of the funds legally available for the payment of dividends shall be declared in dividends, and to declare and pay dividends or make other distributions in cash, property or other assets of the Corporation, including securities of other corporations and of the Corporation, upon outstanding shares of the capital stock of the Corporation, but only as provided by law.

Subject to the Articles of Incorporation, any dividends declared upon the capital stock of the Corporation shall be payable on such date or dates as the Board of Directors shall determine. If the date fixed for the payment of any dividend shall in any year fall upon a legal holiday, then the dividend payable on such date shall be paid on the next day not a legal holiday.

**ARTICLE VI**

**<u>Miscellaneous Provisions</u>**

**Section 1. <u>Corporate Seal</u>.** The Board of Directors may provide a suitable seal, containing the name of the Corporation, which seal shall be in the charge of the Secretary. If and when so directed by the Board of Directors, a duplicate of the seal may be kept and be used by any officer of the Corporation designated by the Board of Directors.

**Section 2. <u>Checks, Notes, Etc</u>.** All checks, drafts, bills of exchange, acceptances, notes, bonds or other obligations or orders for the payment of money shall be signed and if so required countersigned by such officer or officers of the Corporation and/or other persons as the Board of Directors shall from time to time designate.

**Section 3. <u>Fiscal Year</u>.** The fiscal year of the Corporation shall end on December 31 of each year.

**Section 4. <u>Loans, Contracts and Conveyances</u>.** No loans and no renewals of any loans shall be contracted on behalf of the Corporation except as authorized by the Board of Directors, or as otherwise provided by the Bylaws. When so authorized, any officer or agent of the Corporation may obtain loans and advances for the Corporation from any bank, trust company or other institution or from any firm, corporation or individual, and for such loans and advances may make, execute and deliver promissory notes, bonds or other evidences of indebtedness of the Corporation. When so authorized, any officer or agent of the Corporation may pledge, mortgage, hypothecate or transfer, as security for the payment of any and all loans, advances, indebtedness and liabilities of the Corporation, any and all stocks, securities and other personal or real property at any time held by the Corporation, and to that end may endorse, assign and deliver the same. Such authority may be general or confined to specific instances. The Board of Directors may from time to time designate the officer and/or agent who shall have authority to execute any contract, conveyance, mortgage or other instrument on behalf of the Corporation. When the execution of an instrument has been authorized without specification of the executing officer or agent, the Chairman of the Board (if such office is filled), the President, any Vice President or the Secretary may execute the same in the name and on behalf of the Corporation.

**Section 5. <u>Waiver of Notice</u>.** Whenever any notice is required to be given under the provisions of the Bylaws to any person or persons, a waiver of such notice in writing signed by the person or persons entitled to the notice, whether signed before or after the time stated in the notice, shall be deemed equivalent to such notice. Attendance at any meeting, in person or, in the case of a shareholder, by proxy, without objection to the manner in which notice of the meeting has been given, shall be deemed a waiver of notice thereof; except that where such attendance is for the express purpose of objecting at the beginning of such meeting to the transaction of any business because the meeting is not lawfully called or convened, then such attendance shall not constitute a waiver of notice.

**Section 6. <u>Participation by Communication Equipment</u>.** A shareholder or Director may participate in a meeting of shareholders or Directors (or a committee thereof), respectively, by conference telephone or similar communications equipment by means of which all persons participating in the meeting may hear each other, if all participants are advised of the communications equipment and the names of the participants in the conference are divulged to all participants.

Participation in a meeting pursuant to this Section 6 constitutes presence in person at the meeting.

**Section 7. <u>Indemnification by the Corporation</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Corporation shall indemnify to the full extent permitted by law, as the same exists or may hereafter be amended, every person who was or is a party, or is threatened to be made a party, to a threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative and whether formal or informal, including actions by or in the right of the Corporation, by reason of the fact that such person is or was a director, officer, employee or agent of the Corporation or is or was serving at the request of the Corporation as a director, officer, partner, trustee, manager, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust, limited liability company or other enterprise, whether for profit or not, against expenses, including attorneys' fees, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with the action, suit or proceeding; provided, however, that, except as provided in paragraph (b) hereof, the Corporation shall indemnify any such person seeking indemnification in connection with a proceeding (or part thereof) initiated by such person only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation. The right to indemnification conferred in this Section shall be a contract right and, subject to the limitations set forth above, shall include the right, to the fullest extent permitted by law, as the same exists or may hereafter be amended, to be paid by the Corporation the expenses incurred in defending any such proceeding in advance of its final disposition; provided, however, the payment of such expenses incurred in advance of the final disposition of a proceeding, shall be made only upon such determinations as required by applicable law, and delivery to the Corporation of such undertakings and affirmations by or on behalf of the person seeking such payment, as applicable law requires, as the same exists or may hereafter be amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a claim under paragraph (a) of this Section is not paid in full by the Corporation within 30 days after a written claim has been received by the Corporation, the claimant may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any is required, has been tendered to the Corporation) that the claimant has not met the standards of conduct which make it permissible under applicable law for the Corporation to indemnify the claimant for the amount claimed, but the burden of proving such defense shall be on the Corporation. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its shareholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth by applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel, or its shareholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

**Section 8. <u>Insurance</u>.** The Corporation shall have power, to the extent now or hereafter provided by law, to purchase and maintain insurance on behalf of any person who is or was a Director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the Corporation would have power to indemnify such person against such liability under the provisions of this Article VI.

**Section 9. <u>Dealing with Corporation</u>.** A contract or other transaction between the Corporation and one or more of its Directors or officers, or between the Corporation and a domestic or foreign corporation, firm or association of any type or kind in which one or more of the Corporation's Directors or officers are directors or officers, or are otherwise interested, is not void or voidable solely because of such common directorship, officership or interest, or solely because such Directors are present at the meeting of the Board of Directors or committee thereof at which such contract or transaction is acted upon or solely because their votes are counted for such purpose if any of the following conditions is satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The contract or other transaction is fair to the Corporation at the time it is entered into;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The material facts of the transaction and such Director's or officer's interest in the contract or transaction are disclosed or known to the Board of Directors or committee thereof a majority of the Directors or committee members who had no interest in the transaction, though less than a quorum,, authorizes, approves or ratifies the contract or transaction; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The material facts of the transaction and such Director's or officer's relationship or interest in the contract or transaction are disclosed or known to the shareholders, and a majority of votes cast by the holders of shares `who did not have an interest in the transaction. Authorize, approve or ratify the contract or transaction. A majority of the shares held by shareholders who did not have an interest in the contract or transaction constitutes a quorum for the purpose of taking such action.

**ARTICLE VII**

**<u>Amendments</u>**

**Section 1. <u>Amendment</u>.** The shareholders or the Board of Directors may from time to time amend or repeal the Bylaws or adopt new Bylaws.